Brandywine Realty Trust (NYSE:BDN) Receives $11.36 Consensus PT from Brokerages


Share on StockTwits

Shares of Brandywine Realty Trust (NYSE:BDN) have earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $11.36.

A number of equities analysts have recently weighed in on BDN shares. KeyCorp raised Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $14.00 price target for the company in a report on Monday, December 14th. Argus cut Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, October 12th. Zacks Investment Research raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, October 26th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their price target on Brandywine Realty Trust from $9.50 to $10.50 in a report on Tuesday, December 15th. Finally, Smith Barney Citigroup lifted their price objective on Brandywine Realty Trust from $9.50 to $10.50 in a research report on Tuesday, December 15th.

In other Brandywine Realty Trust news, Director Wyche Fowler sold 8,598 shares of the business’s stock in a transaction dated Monday, December 14th. The stock was sold at an average price of $11.89, for a total transaction of $102,230.22. Following the completion of the sale, the director now owns 75,689 shares of the company’s stock, valued at $899,942.21. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.52% of the stock is owned by insiders.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in Brandywine Realty Trust by 1.7% during the second quarter. Vanguard Group Inc. now owns 27,758,501 shares of the real estate investment trust’s stock valued at $302,289,000 after acquiring an additional 458,412 shares during the period. Principal Financial Group Inc. boosted its position in shares of Brandywine Realty Trust by 21.4% in the second quarter. Principal Financial Group Inc. now owns 10,379,088 shares of the real estate investment trust’s stock worth $113,029,000 after buying an additional 1,830,229 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Brandywine Realty Trust by 97.7% in the third quarter. JPMorgan Chase & Co. now owns 7,864,989 shares of the real estate investment trust’s stock worth $80,695,000 after buying an additional 3,885,873 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Brandywine Realty Trust by 53.6% in the second quarter. Bank of New York Mellon Corp now owns 3,174,868 shares of the real estate investment trust’s stock worth $34,575,000 after buying an additional 1,107,364 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Brandywine Realty Trust by 81.0% in the second quarter. Goldman Sachs Group Inc. now owns 2,541,146 shares of the real estate investment trust’s stock worth $27,673,000 after buying an additional 1,137,196 shares during the period. 89.70% of the stock is owned by hedge funds and other institutional investors.

Shares of BDN stock opened at $11.91 on Wednesday. The stock has a fifty day moving average price of $11.46 and a 200 day moving average price of $10.76. The stock has a market cap of $2.03 billion, a PE ratio of 8.23, a P/E/G ratio of 7.66 and a beta of 1.18. Brandywine Realty Trust has a 1 year low of $7.48 and a 1 year high of $16.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.07 and a current ratio of 2.07.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $1.25. Brandywine Realty Trust had a return on equity of 18.15% and a net margin of 54.61%. The company had revenue of $126.11 million during the quarter, compared to analysts’ expectations of $134.79 million. During the same period in the previous year, the firm posted $0.36 earnings per share. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. As a group, equities research analysts predict that Brandywine Realty Trust will post 1.4 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 20th. Stockholders of record on Wednesday, January 6th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 6.38%. The ex-dividend date of this dividend is Tuesday, January 5th. Brandywine Realty Trust’s dividend payout ratio is currently 53.15%.

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, Austin and Washington, DC Markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 173 properties and 24.4 million square feet as of September 30, 2020.

Featured Story: How to read a candlestick chart

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.