Argus upgraded shares of Brandywine Realty Trust (NYSE:BDN) from a hold rating to a buy rating in a report published on Monday morning, Briefing.com Automated Import reports. Argus currently has $17.00 price target on the real estate investment trust’s stock.

Several other research firms also recently commented on BDN. Bank of America increased their price objective on Armstrong World Industries from $95.00 to $108.00 and gave the company a buy rating in a report on Tuesday, June 11th. ValuEngine downgraded WideOpenWest from a hold rating to a sell rating in a report on Friday, June 28th. Finally, Zacks Investment Research downgraded First Merchants from a hold rating to a sell rating in a report on Monday, July 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $16.42.

Shares of BDN opened at $14.61 on Monday. The company has a market cap of $2.61 billion, a PE ratio of 10.56, a P/E/G ratio of 3.94 and a beta of 0.94. Brandywine Realty Trust has a twelve month low of $12.32 and a twelve month high of $17.06. The business’s 50 day simple moving average is $14.99. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.19.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.31). The business had revenue of $144.00 million for the quarter, compared to the consensus estimate of $140.73 million. Brandywine Realty Trust had a return on equity of 5.30% and a net margin of 17.40%. Brandywine Realty Trust’s revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.32 earnings per share. Equities research analysts forecast that Brandywine Realty Trust will post 1.43 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 5.20%. The ex-dividend date is Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio is 55.47%.

In other Brandywine Realty Trust news, Director James C. Diggs sold 3,700 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $14.84, for a total transaction of $54,908.00. Following the completion of the sale, the director now owns 36,034 shares of the company’s stock, valued at approximately $534,744.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tom Wirth sold 9,700 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $15.30, for a total value of $148,410.00. The disclosure for this sale can be found here. Company insiders own 1.32% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BDN. PGGM Investments lifted its holdings in Brandywine Realty Trust by 153.9% during the 1st quarter. PGGM Investments now owns 8,477,984 shares of the real estate investment trust’s stock valued at $134,461,000 after purchasing an additional 5,139,484 shares during the last quarter. Norges Bank acquired a new stake in shares of Brandywine Realty Trust during the fourth quarter worth $26,633,000. BlackRock Inc. lifted its holdings in shares of Brandywine Realty Trust by 11.1% during the fourth quarter. BlackRock Inc. now owns 16,099,973 shares of the real estate investment trust’s stock worth $207,208,000 after buying an additional 1,603,605 shares in the last quarter. Clearbridge Investments LLC acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth $14,118,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in shares of Brandywine Realty Trust by 1,056.9% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 762,150 shares of the real estate investment trust’s stock worth $9,809,000 after buying an additional 696,272 shares in the last quarter. 97.92% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Brandywine Realty Trust (NYSE:BDN)

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