Brandywine Realty Trust (NYSE:BDN) Rating Increased to Buy at Zacks Investment Research

Brandywine Realty Trust (NYSE:BDN) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Zacks.com reports. The brokerage presently has a $16.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price target would suggest a potential upside of 11.50% from the company’s previous close.

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. “

A number of other equities research analysts also recently issued reports on BDN. Bank of America boosted their price target on shares of Armstrong World Industries from $95.00 to $108.00 and gave the company a “buy” rating in a research note on Tuesday, June 11th. Argus raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Monday, July 8th. Finally, ValuEngine downgraded shares of WideOpenWest from a “hold” rating to a “sell” rating in a research note on Friday, June 28th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $16.25.

Brandywine Realty Trust stock opened at $14.35 on Friday. The company has a 50 day moving average of $14.91. The stock has a market cap of $2.53 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 3.65 and a beta of 0.94. Brandywine Realty Trust has a 1 year low of $12.32 and a 1 year high of $17.00. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.19.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). The company had revenue of $144.00 million during the quarter, compared to analysts’ expectations of $140.73 million. Brandywine Realty Trust had a net margin of 17.40% and a return on equity of 5.30%. Brandywine Realty Trust’s revenue was up 5.6% on a year-over-year basis. During the same period last year, the firm posted $0.32 earnings per share. As a group, equities research analysts forecast that Brandywine Realty Trust will post 1.43 earnings per share for the current year.

In related news, insider Tom Wirth sold 9,700 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $15.30, for a total transaction of $148,410.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director James C. Diggs sold 3,700 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $14.84, for a total transaction of $54,908.00. Following the sale, the director now directly owns 36,034 shares in the company, valued at $534,744.56. The disclosure for this sale can be found here. 1.32% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BDN. PGGM Investments increased its position in shares of Brandywine Realty Trust by 153.9% in the 1st quarter. PGGM Investments now owns 8,477,984 shares of the real estate investment trust’s stock valued at $134,461,000 after purchasing an additional 5,139,484 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Brandywine Realty Trust by 2.6% in the 4th quarter. Macquarie Group Ltd. now owns 5,309,313 shares of the real estate investment trust’s stock valued at $68,331,000 after purchasing an additional 133,681 shares during the last quarter. Centersquare Investment Management LLC increased its position in shares of Brandywine Realty Trust by 8.3% in the 1st quarter. Centersquare Investment Management LLC now owns 2,856,018 shares of the real estate investment trust’s stock valued at $45,297,000 after purchasing an additional 219,928 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Brandywine Realty Trust by 9.1% in the 4th quarter. Geode Capital Management LLC now owns 2,279,404 shares of the real estate investment trust’s stock valued at $29,335,000 after purchasing an additional 190,913 shares during the last quarter. Finally, Northern Trust Corp increased its position in shares of Brandywine Realty Trust by 1.6% in the 4th quarter. Northern Trust Corp now owns 2,166,730 shares of the real estate investment trust’s stock valued at $27,886,000 after purchasing an additional 34,146 shares during the last quarter. 97.97% of the stock is currently owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Brandywine Realty Trust (NYSE:BDN)

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