Brandywine Realty Trust (BDN) was Downgraded by KeyBanc Capital Mkts to ” Underweight”. Earlier the firm had a rating of “Sector Weight ” on the company shares. KeyBanc Capital Mkts advised their investors in a research report released on Jul 15, 2016.
Many Wall Street Analysts have commented on Brandywine Realty Trust. Company shares were Reiterated by Mizuho on Apr 21, 2016 to “Buy”, Firm has raised the Price Target to $ 17 from a previous price target of $16 .Company shares were Reiterated by DA Davidson on Apr 21, 2016 to “Neutral”, Firm has raised the Price Target to $ 15 from a previous price target of $14 .
On the company’s financial health, Brandywine Realty Trust reported $0.31 EPS for the quarter, based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus estimate of $0.31. The company had revenue of $136.50 million for the quarter, compared to analysts expectations of $127.26 million. The company’s revenue was down -9.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.
Brandywine Realty Trust opened for trading at $16.72 and hit $16.75 on the upside on Wednesday, eventually ending the session at $16.68, with a gain of 0.18% or 0.03 points. The heightened volatility saw the trading volume jump to 13,33,436 shares. Company has a market cap of $2,919 M.
In a different news, on Jun 29, 2016, Gerard H Sweeney (President and CEO) sold 60,000 shares at $15.74 per share price. According to the SEC, on Mar 7, 2016, Anthony A Sr Nichols (director) sold 8,000 shares at $13.11 per share price. On Oct 27, 2015, Michael Joyce (director) purchased 2,500 shares at $13.47 per share price, according to the Form-4 filing with the securities and exchange commission.
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Trust provides leasing property management development redevelopment acquisition and other tenant-related services for a portfolio of office industrial retail and mixed-use properties. The Trust owns its assets and conducts its operations through the Brandywine Operating Partnership L.P. (Operating Partnership) and subsidiaries of the Operating Partnership. The Trust is the sole general partner of the Operating Partnership. The Trust’s portfolio is managed through seven segments: Pennsylvania; Philadelphia Central Business District (CBD); Metropolitan Washington D.C.; New Jersey/Delaware; Richmond Virginia; Austin Texas and California. The Pennsylvania segment includes properties in Chester Delaware and Montgomery counties in the Philadelphia suburbs. The Philadelphia CBD segment includes properties located in the City of Philadelphia in Pennsylvania.