Brandywine Realty Trust (NYSE:BDN) Director Anthony A. Sr Nichols, Sr. sold 6,800 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $14.54, for a total transaction of $98,872.00. Following the transaction, the director now directly owns 67,522 shares of the company’s stock, valued at approximately $981,769.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Brandywine Realty Trust stock traded up $0.24 during trading on Friday, hitting $14.40. 23,137 shares of the company’s stock were exchanged, compared to its average volume of 1,542,835. Brandywine Realty Trust has a 52-week low of $12.32 and a 52-week high of $17.00. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.23 and a current ratio of 2.23. The business has a 50-day simple moving average of $14.55 and a 200-day simple moving average of $15.22. The stock has a market capitalization of $2.49 billion, a price-to-earnings ratio of 10.49, a PEG ratio of 3.25 and a beta of 0.95.
Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.32). Brandywine Realty Trust had a net margin of 15.89% and a return on equity of 5.02%. The firm had revenue of $144.20 million during the quarter, compared to analysts’ expectations of $144.45 million. During the same period in the previous year, the firm posted $0.35 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. On average, equities analysts anticipate that Brandywine Realty Trust will post 1.42 earnings per share for the current fiscal year.
The company also recently disclosed 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 dividend on an annualized basis and a yield of 5.28%. Brandywine Realty Trust’s payout ratio is 55.47%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in BDN. Norges Bank purchased a new position in Brandywine Realty Trust in the fourth quarter valued at $26,633,000. Geode Capital Management LLC increased its holdings in Brandywine Realty Trust by 9.1% in the fourth 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 buying an additional 190,913 shares in the last quarter. Deutsche Bank AG increased its holdings in Brandywine Realty Trust by 163.2% in the fourth quarter. Deutsche Bank AG now owns 219,653 shares of the real estate investment trust’s stock valued at $2,825,000 after buying an additional 136,184 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in Brandywine Realty Trust by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 76,923 shares of the real estate investment trust’s stock valued at $1,218,000 after buying an additional 665 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in Brandywine Realty Trust in the first quarter valued at $262,000. 93.28% of the stock is owned by institutional investors.
Several brokerages recently issued reports on BDN. Argus raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Monday, July 8th. ValuEngine cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Zacks Investment Research cut shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Friday, July 26th. Finally, Bank of America cut shares of Brandywine Realty Trust from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $16.50 to $15.50 in a report on Tuesday, June 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $16.25.
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, 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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