Brandywine Realty Trust (BDN) Downgraded by Zacks Investment Research to Sell

Brandywine Realty Trust (NYSE:BDN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, Zacks.com reports.

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. “

BDN has been the subject of several other reports. Bank of America downgraded Brandywine Realty Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $17.00 to $16.50 in a report on Monday, February 25th. Barclays upgraded Brandywine Realty Trust from an “equal weight” rating to an “overweight” rating and set a $17.00 price objective for the company in a report on Monday, February 4th. Finally, Raymond James downgraded Brandywine Realty Trust from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Brandywine Realty Trust has an average rating of “Hold” and a consensus price target of $16.64.

Shares of BDN stock traded down $0.24 on Monday, hitting $15.85. The stock had a trading volume of 1,946,570 shares, compared to its average volume of 1,841,394. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.63 and a quick ratio of 1.63. The company has a market capitalization of $2.82 billion, a P/E ratio of 11.57, a PEG ratio of 2.53 and a beta of 1.15. Brandywine Realty Trust has a one year low of $12.32 and a one year high of $17.23.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Wednesday, January 30th. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm had revenue of $139.20 million during the quarter, compared to the consensus estimate of $136.52 million. Brandywine Realty Trust had a return on equity of 7.44% and a net margin of 25.04%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 earnings per share. On average, analysts anticipate that Brandywine Realty Trust will post 1.4 earnings per share for the current fiscal year.

In other Brandywine Realty Trust news, insider Gerard H. Sweeney sold 84,973 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $15.90, for a total value of $1,351,070.70. Following the completion of the transaction, the insider now directly owns 1,304,831 shares in the company, valued at $20,746,812.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerard H. Sweeney sold 190,000 shares of the company’s stock in a transaction dated Thursday, February 14th. The shares were sold at an average price of $15.81, for a total transaction of $3,003,900.00. Following the transaction, the insider now owns 1,359,858 shares in the company, valued at approximately $21,499,354.98. The disclosure for this sale can be found here. Insiders own 1.84% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the company. Pearl River Capital LLC acquired a new position in shares of Brandywine Realty Trust during the fourth quarter valued at about $30,000. Bremer Trust National Association acquired a new position in shares of Brandywine Realty Trust during the fourth quarter valued at about $36,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Brandywine Realty Trust during the fourth quarter valued at about $67,000. First Bank & Trust increased its holdings in shares of Brandywine Realty Trust by 13.7% during the fourth quarter. First Bank & Trust now owns 8,441 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,019 shares in the last quarter. Finally, Hancock Whitney Corp acquired a new position in shares of Brandywine Realty Trust during the fourth quarter valued at about $134,000. Hedge funds and other institutional investors own 95.01% of the company’s stock.

Brandywine Realty Trust Company Profile

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 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.

Further Reading: Why do companies pay special dividends?

Get a free copy of the Zacks research report on Brandywine Realty Trust (BDN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Brandywine Realty Trust (NYSE:BDN)

Receive News & Ratings for Brandywine Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brandywine Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.