Mizuho Securities Downgrades Brandywine Realty Trust to Neutral

Brokerage firm Mizuho Securities Downgrades its rating on Brandywine Realty Trust(NYSE:BDN). The shares have been rated Neutral. Previously, the analysts had a Buy rating on the shares. The rating by Mizuho Securities was issued on Jul 22, 2016.

In a different note, On Jul 19, 2016, Barclays said it Maintains its rating on Brandywine Realty Trust. In the research note, the firm Raises the price-target to $16.00 per share. The shares have been rated ‘Equalweight’ by the firm. On Jul 15, 2016, KeyBanc said it Downgrades its rating on Brandywine Realty Trust. The shares have been rated ‘Underweight’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on Brandywine Realty Trust. In the research note, the firm Raises the price-target to $15.00 per share. The shares have been rated ‘Neutral’ by the firm.

Brandywine Realty Trust (BDN) made into the market gainers list on Thursdays trading session with the shares advancing 1.52% or 0.25 points. Due to strong positive momentum, the stock ended at $16.69, which is also near the day’s high of $16.75. The stock began the session at $16.38 and the volume stood at 10,16,212 shares. The 52-week high of the shares is $16.865 and the 52 week low is $11.22. The company has a current market capitalization of $2,923 M and it has 17,51,05,970 shares in outstanding.

Brandywine Realty Trust(BDN) last announced its earnings results on Jul 20, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $127.18M. Analysts had an estimated revenue of $126.64M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.32.

Several Insider Transactions has been reported to the SEC. On Jun 29, 2016, Gerard H Sweeney (President and CEO) sold 60,000 shares at $15.74 per share price.Also, 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.

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