StockNews.com’s research team started covering Brandywine Realty Trust on Thursday and distributed a research report to customers and investors (NYSE: BDN).
The brokerage firm gave the shares of the real estate investment trust a “hold” rating, indicating that they should be kept in one’s portfolio.
At the market’s opening on Thursday, NYSE: BDN had reached a price of $4.99 per share.
Moving averages for the past 50 days come in at $6.24, and moving averages for the past 200 days come in at $6.61 for the company.
The price-to-earnings ratio for the company is 1.74; the price-to-earnings-growth ratio for the company is 16.10; and the beta value for the company is 1.17.
The company currently has a market capitalization of $856.92 million.
The current ratio, the quick ratio, and the debt-to-current assets ratio all come in at 1.57, while the debt-to-current assets ratio sits at 1.20.
Brandywine Realty Trust hit a low point of $4.76 per share in the past year of operations, while the company reached a high point of $14.55 per share.
On Thursday, February 16th, Citigroup published a second research report.
They raised their price objective for Brandywine Realty Trust from $5.00 to $5.75 and rated the company as a “sell,” which indicates that they do not recommend purchasing shares.
The report was released.
Over the past few months, a number of hedge funds have increased the percentage of their holdings that are invested in the company. Vanguard Group INC increased the amount of Brandywine Realty Trust stock owned by 2.1% during the third quarter.
The most recent quarter witnessed the acquisition of 597,234 real estate investment trust shares by Vanguard Group INC This brought the total number of shares owned by the company to 29,343,033, with a value of $198,066,000.
The amount of Brandywine Realty Trust shares that State Street Corporation owned as of the end of the second quarter was 3.4% higher than it was at the beginning of the quarter. State Street Corp. now has 13,466,154 real estate investment trust shares following the purchase of an additional 442,963 shares during the preceding quarter.
The value of State Street Corp.’s entire holding of 13,466,154 shares of the REIT is now $129,814,000.
During the second quarter of the year, Macquarie Group Ltd increased the percentage of Brandywine Realty Trust, which had a stake, by 0.3%.
The company had increased its holdings by purchasing 22,109 shares during the previous quarter.
This was done during the previous quarter.
The current value of Macquarie Group Ltd’s ownership stake in the real estate investment trust, which consists of 7,080,744 shares, totals $68,258,000.
During the last three months of 2018, Millennium Management LLC acquired an additional 22.9% of shares in Brandywine Realty Trust, bringing its total number of shares owned in that REIT to a total of 123.
After completing the acquisitions during the most recent quarter, Millennium Management LLC now directly controls 5,599,618 shares in the real estate investment trust.
These shares have a value of $34,438,000 and give Millennium Management LLC a direct holding in the REIT.
And finally, during the fourth quarter of 2018, Geode Capital Management LLC added 3.3% more Brandywine Realty Trust shares to its portfolio, bringing the total number of shares it owns to 45%. Following acquiring an additional 114,563 shares of the real estate investment trust during the preceding quarter, Geode Capital Management LLC now holds 3,577,507 shares of the investment vehicle.
The value of these shares on the market currently is $22,016,000.
The majority of the stock in the company is held, to the tune of 90.84 percent, by institutional investors.
Some of the types of real estate included in the portfolio of assets that Brandywine Realty Trust purchases, develops, redevelops, owns, manages, and operates include properties used for residential, life science or lab, and mixed-use development.
This real estate is managed and operated by Brandywine Realty Trust.
These are the various components of the company’s business: Austin, Texas; the Greater Washington, DC, Area; the Central Business District of Philadelphia; the Pennsylvania Suburbs; and several other places are included.