Brandywine Realty Trust (NYSE:BDN) Downgraded by Zacks Investment Research to Sell

Brandywine Realty Trust (NYSE:BDNGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Monday, 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. “

Several other analysts have also issued reports on the company. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 14th. Truist Financial lowered Brandywine Realty Trust from a “buy” rating to a “hold” rating and set a $15.00 target price on the stock. in a report on Tuesday, January 18th.

BDN traded down $0.34 during trading hours on Monday, reaching $12.58. The company’s stock had a trading volume of 2,266,841 shares, compared to its average volume of 1,771,660. Brandywine Realty Trust has a 52 week low of $12.23 and a 52 week high of $15.16. The company’s 50-day moving average is $13.36 and its 200-day moving average is $13.57. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.38 and a current ratio of 1.72. The firm has a market cap of $2.16 billion, a PE ratio of 179.71, a price-to-earnings-growth ratio of 3.59 and a beta of 1.11.

Brandywine Realty Trust (NYSE:BDNGet Rating) last posted its quarterly earnings data on Wednesday, April 20th. The real estate investment trust reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.31). The firm had revenue of $127.50 million for the quarter, compared to the consensus estimate of $126.45 million. Brandywine Realty Trust had a return on equity of 0.66% and a net margin of 2.30%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.35 EPS. Equities analysts anticipate that Brandywine Realty Trust will post 1.38 earnings per share for the current fiscal year.

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

Brandywine Realty Trust Company Profile (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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