In a research note that was distributed to investors on Wednesday, “Truist Financial has raised its recommendation for Brandywine Realty Trust (NYSE:BDN) from a ‘hold’ rating to a ‘buy’ recommendation. Experts were unanimous in saying that value considerations were the deciding factor. On the other hand, reporting on Brandywine Realty Trust was launched by Credit Suisse Group on June 22. This is a completely new turn of events. They gave the stock a rating “neutral” and concluded that a price target of $10.00 was right for it. On Monday, July 25, Brandywine Realty Trust (NYSE: BDN) announced the results of its latest quarterly financial report. The real estate investment trust has reported earnings per share for the quarter of $0.03, $0.02 higher than quarterly earnings guidance of $0.01 per share.
Actual revenue for the quarter was $124.04 million, higher than analysts’ forecast of $123.41 million. In addition to earning a net margin of 3.25%, Brandywine Realty Trust earned a return on equity of 0.96%. During the third quarter of 2018, Brandywine Realty Trust reported a 3.3% year-over-year increase in revenue. The company’s quarterly profit came in at $0.32 per share over the prior year’s results. Analysts who follow the stock market estimate that Brandywine Realty Trust will generate earnings of $1.37 per share in the current fiscal year. Brandywine Realty Trust is a full-service, integrated real estate company primarily focused on the cities of Philadelphia, Austin and Washington, DC. The Company’s stock symbol on the New York Stock Exchange is BDN, also known by its ticker symbol. The shares of the company can be purchased on the stock exchange. We are a real estate investment trust (REIT). As of December 31, 2020, we owned, developed, leased and managed a portfolio of 175 urban, downtown and transit properties totaling 24.7 million square feet.
These properties were spread across the United States. This number does not include any assets currently for sale. Several different hedge funds have recently changed the overall amount of BDN held in their respective portfolios. In the last three months of 2018, Rockefeller Capital Management LP increased the number of Brandywine Realty Trust shares it held by 124.4%. After buying 1,077 shares in the last fiscal quarter, Rockefeller Capital Management LP now owns 1,943 real estate investment trust shares, currently valued at $26,000. Indeed, the company made an additional purchase during this period. During the first three months of the year, Riverview Trust Company made an investment totaling approximately $26,000 to purchase a new stake in Brandywine Realty Trust. During the first three months of the year, CWM LLC increased its stake in Brandywine Realty Trust by 107.8%. With the purchase of an additional 1,593 shares in the last fiscal quarter, CWM LLC now directly owns over 3,071 shares of the real estate investment trust. A value of $43,000 is associated with these shares. During the first three months of 2018, Harvest Fund Management Co., Ltd. oversaw a 68.7% growth in the value of Brandywine Realty Trust holdings under their management.
The real estate investment trust currently has 4,556 shares held by Harvest Fund Management Co., Ltd., now valued at $64,000. This is the result of the company purchasing an additional 1,856 shares during the last quarter to bring its total number of shares held to a total of 3,048. A new investment of approximately $98,000 was made in Brandywine Realty Trust during the second quarter by Corton Capital Inc. This was the company’s first investment in a REIT. 96.07% of the shares of the company are held by institutional investors and hedge funds, constituting the majority of these shareholders. On Wednesday morning, trading on the NYSE BDN began at an opening price of $8.19. The company has a price to earnings ratio of 81.91, a price to growth ratio of 2.36 and a beta value of 1.15. These three parameters are all related to the market value of the company. The current market price of the shares is equivalent to $1.41 billion. It has 1.24 times more debt than equity, 1.63 times more current assets and 1.63 times more liquid assets. Brandywine Realty Trust hit a low of $7.82 last year, while the company’s shares hit a high of $14.88 over the same period.
The company’s simple moving average over the past fifty days is $8.74, while the company’s simple moving average over the past two hundred days is $10.77.
You should consider all of this information about Brandywine Realty Trust before making your decision. Bloomberg keeps a close eye on which research analysts working on Wall Street have received the highest ratings and achieved the most success, as well as which companies these analysts regularly recommend to their clientele as investment options. According to research by Bloomberg, Brandywine Realty Trust was not among the five stocks that famous experts are secretly encouraging their clients to buy before the rest of the market spreads. Even though Brandywine Realty Trust has been given a “Hold” rating by industry professionals, these professionals agree that investing in the five listed companies is more prudent.