Brandywine Realty Trust (NYSE:BDN) Director Anthony A. Sr Nichols, Sr. sold 6,800 shares of the stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $14.54, for a total transaction of $98,872.00. Following the completion of the transaction, the director now owns 67,522 shares in the company, valued at $981,769.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
BDN traded up $0.07 during mid-day trading on Thursday, hitting $14.16. The stock had a trading volume of 1,509,803 shares, compared to its average volume of 1,710,178. The business’s fifty day simple moving average is $14.56. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.23 and a quick ratio of 2.23. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 3.24 and a beta of 0.95. Brandywine Realty Trust has a 1-year low of $12.32 and a 1-year high of $17.00.
Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.32). The firm had revenue of $144.20 million during the quarter, compared to analyst estimates of $144.45 million. Brandywine Realty Trust had a return on equity of 5.02% and a net margin of 15.89%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.35 earnings per share. As a group, analysts forecast that Brandywine Realty Trust will post 1.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were issued a $0.19 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $0.76 annualized dividend and a yield of 5.37%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 55.47%.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Riverhead Capital Management LLC acquired a new stake in shares of Brandywine Realty Trust during the second quarter worth $40,000. Point72 Asset Management L.P. acquired a new stake in shares of Brandywine Realty Trust during the second quarter worth $53,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Brandywine Realty Trust during the second quarter worth $68,000. Tyers Asset Management LLC raised its holdings in shares of Brandywine Realty Trust by 58.9% during the second quarter. Tyers Asset Management LLC now owns 5,008 shares of the real estate investment trust’s stock worth $72,000 after acquiring an additional 1,856 shares during the period. Finally, Parallel Advisors LLC raised its holdings in shares of Brandywine Realty Trust by 27.3% during the second quarter. Parallel Advisors LLC now owns 5,966 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 1,280 shares during the period. Institutional investors own 93.28% of the company’s stock.
Several equities analysts recently weighed in on the stock. ValuEngine lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Zacks Investment Research lowered shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Argus upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Monday, July 8th. Finally, Bank of America lowered shares of Brandywine Realty Trust from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $16.50 to $15.50 in a report on Tuesday, June 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $16.25.
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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