Brandywine Realty Trust (NYSE:BDN) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Brandywine Realty Trust (NYSE:BDNGet Rating) from a sell rating to a hold rating in a report released on Tuesday morning, Zacks.com reports.

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 brokerages have also commented on BDN. StockNews.com lowered Brandywine Realty Trust from a hold rating to a sell rating in a report on Saturday, March 26th. Truist Financial lowered shares of Brandywine Realty Trust from a buy rating to a hold rating and set a $15.00 price target on the stock. in a research report on Tuesday, January 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Brandywine Realty Trust has an average rating of Hold and an average target price of $14.50.

NYSE BDN opened at $12.60 on Tuesday. The stock has a market cap of $2.16 billion, a PE ratio of 157.52, a P/E/G ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a 50-day moving average of $13.41 and a 200-day moving average of $13.61. Brandywine Realty Trust has a 52-week low of $12.23 and a 52-week high of $15.16.

Brandywine Realty Trust (NYSE:BDNGet Rating) last issued its quarterly earnings data on Wednesday, February 2nd. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.32). Brandywine Realty Trust had a return on equity of 0.70% and a net margin of 2.51%. The company had revenue of $125.53 million for the quarter, compared to analyst estimates of $124.31 million. During the same quarter last year, the business earned $0.36 earnings per share. The company’s revenue was down 1.0% on a year-over-year basis. As a group, analysts predict that Brandywine Realty Trust will post 1.39 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 20th. Shareholders of record on Wednesday, April 6th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, April 5th. This represents a $0.76 annualized dividend and a yield of 6.03%. Brandywine Realty Trust’s dividend payout ratio is presently 950.12%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BDN. BlackRock Inc. raised its stake in Brandywine Realty Trust by 5.7% in the fourth quarter. BlackRock Inc. now owns 33,221,207 shares of the real estate investment trust’s stock valued at $445,828,000 after purchasing an additional 1,804,444 shares in the last quarter. State Street Corp raised its position in shares of Brandywine Realty Trust by 6.1% in the 4th quarter. State Street Corp now owns 11,773,105 shares of the real estate investment trust’s stock valued at $157,995,000 after buying an additional 673,291 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Brandywine Realty Trust by 7.3% during the 4th quarter. Nuveen Asset Management LLC now owns 3,885,739 shares of the real estate investment trust’s stock worth $52,147,000 after acquiring an additional 265,193 shares during the period. Geode Capital Management LLC boosted its position in shares of Brandywine Realty Trust by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 3,424,912 shares of the real estate investment trust’s stock worth $45,962,000 after acquiring an additional 30,702 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Brandywine Realty Trust by 1.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,181,102 shares of the real estate investment trust’s stock worth $42,692,000 after acquiring an additional 41,530 shares in the last quarter.

About Brandywine Realty Trust (Get Rating)

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 175 properties and 24.7 million square feet as of December 31, 2020 which excludes assets held for sale.

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