Zacks Investment Research Downgrades Brandywine Realty Trust (NYSE:BDN) 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 Tuesday, October 24th.

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 research firms have also issued reports on BDN. ValuEngine raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. KeyCorp reissued a “hold” rating on shares of Brandywine Realty Trust in a research report on Friday, August 25th. SunTrust Banks, Inc. reissued a “buy” rating and set a $18.00 price target on shares of Brandywine Realty Trust in a research report on Friday, October 20th. Mizuho raised shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the stock from $16.00 to $19.00 in a research report on Monday, July 10th. Finally, BidaskClub lowered shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. Brandywine Realty Trust has an average rating of “Hold” and an average price target of $17.58.

Brandywine Realty Trust (NYSE:BDN) traded down $0.07 during trading hours on Tuesday, hitting $17.67. 658,400 shares of the stock were exchanged, compared to its average volume of 1,364,148. The company has a market cap of $3,100.70, a PE ratio of 12.99, a P/E/G ratio of 2.67 and a beta of 1.04. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.08. Brandywine Realty Trust has a twelve month low of $14.19 and a twelve month high of $18.18.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). The company had revenue of $128.43 million during the quarter, compared to analyst estimates of $131.16 million. Brandywine Realty Trust had a return on equity of 2.12% and a net margin of 6.81%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business earned $0.33 earnings per share. equities analysts expect that Brandywine Realty Trust will post 1.32 earnings per share for the current fiscal year.

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In other Brandywine Realty Trust news, Director Wyche Fowler sold 1,824 shares of Brandywine Realty Trust stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $16.82, for a total transaction of $30,679.68. Following the sale, the director now owns 64,948 shares of the company’s stock, valued at approximately $1,092,425.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of Brandywine Realty Trust stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $17.41, for a total transaction of $87,050.00. Following the sale, the director now directly owns 60,237 shares in the company, valued at approximately $1,048,726.17. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in BDN. BlackRock Inc. boosted its stake in Brandywine Realty Trust by 4,165.5% during the 1st quarter. BlackRock Inc. now owns 11,886,832 shares of the real estate investment trust’s stock worth $192,924,000 after purchasing an additional 11,608,158 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Brandywine Realty Trust during the 2nd quarter valued at about $63,926,000. Resolution Capital Ltd acquired a new position in shares of Brandywine Realty Trust during the 3rd quarter valued at about $37,185,000. Macquarie Group Ltd. boosted its position in shares of Brandywine Realty Trust by 21.0% during the 3rd quarter. Macquarie Group Ltd. now owns 5,966,584 shares of the real estate investment trust’s stock valued at $104,356,000 after acquiring an additional 1,037,395 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Brandywine Realty Trust by 2,991.8% during the 2nd quarter. Renaissance Technologies LLC now owns 908,998 shares of the real estate investment trust’s stock valued at $15,935,000 after acquiring an additional 879,598 shares during the last quarter. 99.59% of the stock is currently owned by institutional investors.

About Brandywine Realty Trust

Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC, Austin, Texas, and Other. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs.

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Analyst Recommendations for Brandywine Realty Trust (NYSE:BDN)

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