Zacks Investment Research lowered shares of Brandywine Realty Trust (NYSE:BDN) from a hold rating to a sell rating in a report issued on Monday morning.
According to Zacks, “Brandywine Realty Trust is a self-administered, self-managed and fully integrated Real Estate Investment Trust active in acquiring, developing, redeveloping, leasing and managing suburban office and industrial properties. The company’s portfolio includes approximately 151 office properties and 28 industrial facilities. Certain of the Properties serve as flex facilities, accommodating office use, warehouse space and research and development activities. “
Separately, ValuEngine cut Brandywine Realty Trust from a hold rating to a sell rating in a report on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $18.00.
Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Thursday, July 19th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.34 by ($0.27). The business had revenue of $133.80 million for the quarter, compared to the consensus estimate of $136.68 million. Brandywine Realty Trust had a net margin of 28.08% and a return on equity of 8.38%. The business’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period last year, the firm posted $0.32 EPS. As a group, analysts anticipate that Brandywine Realty Trust will post 1.37 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Investors of record on Thursday, October 4th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, October 3rd. This represents a $0.72 annualized dividend and a yield of 4.72%. Brandywine Realty Trust’s payout ratio is 54.96%.
In related news, Director James C. Diggs sold 5,234 shares of the business’s stock in a transaction that occurred on Thursday, July 26th. The stock was sold at an average price of $16.09, for a total transaction of $84,215.06. Following the sale, the director now owns 39,734 shares of the company’s stock, valued at $639,320.06. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP William D. Redd sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $16.45, for a total value of $493,500.00. Following the sale, the executive vice president now directly owns 64,643 shares in the company, valued at approximately $1,063,377.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 43,234 shares of company stock worth $710,625. 1.84% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in BDN. Centersquare Investment Management LLC acquired a new position in Brandywine Realty Trust in the second quarter worth approximately $41,441,000. V3 Capital Management L.P. acquired a new position in Brandywine Realty Trust in the second quarter worth approximately $36,905,000. BlackRock Inc. grew its position in Brandywine Realty Trust by 9.1% in the second quarter. BlackRock Inc. now owns 14,476,362 shares of the real estate investment trust’s stock worth $244,363,000 after buying an additional 1,207,466 shares during the last quarter. Morgan Stanley grew its position in Brandywine Realty Trust by 43.5% during the 2nd quarter. Morgan Stanley now owns 3,571,044 shares of the real estate investment trust’s stock worth $60,280,000 after purchasing an additional 1,082,940 shares in the last quarter. Finally, Monarch Partners Asset Management LLC purchased a new position in Brandywine Realty Trust during the 2nd quarter worth approximately $14,051,000.
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, DC, and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 184 properties and 25.3 million square feet as of June 30, 2018, which excludes assets held for sale.
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