Brandywine Realty Trust (NYSE:BDN) Receives $4.00 Average Price Target from Analysts

Shares of Brandywine Realty Trust (NYSE:BDN) have been given an average recommendation of “Reduce” by the five research firms that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $4.00.

A number of research analysts recently weighed in on BDN shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, October 8th. Evercore ISI lowered their target price on Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating on the stock in a research report on Friday, November 14th. KeyCorp cut Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday. JPMorgan Chase & Co. restated an “underweight” rating on shares of Brandywine Realty Trust in a research note on Monday, November 24th. Finally, Truist Financial cut Brandywine Realty Trust from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $5.00 to $4.00 in a research note on Tuesday, September 16th.

Brandywine Realty Trust Stock Down 2.7%

Shares of Brandywine Realty Trust stock opened at $3.02 on Thursday. The firm has a market cap of $523.71 million, a PE ratio of -2.82 and a beta of 1.30. The business’s 50 day simple moving average is $3.55 and its 200 day simple moving average is $4.00. The company has a debt-to-equity ratio of 2.68, a quick ratio of 2.14 and a current ratio of 2.14. Brandywine Realty Trust has a 52-week low of $2.99 and a 52-week high of $5.90.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%.The business had revenue of $121.42 million for the quarter, compared to the consensus estimate of $119.11 million. On average, analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 10.6%. The ex-dividend date of this dividend was Thursday, October 9th. Brandywine Realty Trust’s dividend payout ratio is -29.91%.

Insiders Place Their Bets

In other news, CEO Gerard H. Sweeney bought 88,500 shares of the company’s stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of $3.38 per share, with a total value of $299,130.00. Following the acquisition, the chief executive officer owned 3,042,210 shares in the company, valued at $10,282,669.80. This trade represents a 3.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James C. Diggs sold 23,190 shares of the firm’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $3.47, for a total transaction of $80,469.30. Following the completion of the sale, the director owned 128,672 shares of the company’s stock, valued at $446,491.84. This trade represents a 15.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.30% of the company’s stock.

Institutional Trading of Brandywine Realty Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. American Century Companies Inc. grew its holdings in Brandywine Realty Trust by 54.2% in the 1st quarter. American Century Companies Inc. now owns 88,406 shares of the real estate investment trust’s stock valued at $394,000 after buying an additional 31,072 shares in the last quarter. Natixis Advisors LLC bought a new stake in shares of Brandywine Realty Trust in the first quarter valued at about $331,000. Ethic Inc. grew its stake in shares of Brandywine Realty Trust by 10.6% in the second quarter. Ethic Inc. now owns 51,245 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 4,915 shares in the last quarter. Nuveen LLC bought a new position in Brandywine Realty Trust during the first quarter worth about $1,037,000. Finally, Kawa Capital Management Inc raised its stake in Brandywine Realty Trust by 16.7% in the 2nd quarter. Kawa Capital Management Inc now owns 3,500,000 shares of the real estate investment trust’s stock worth $15,015,000 after purchasing an additional 500,000 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Company Profile

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 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 160 properties and 22.6 million square feet as of September 30, 2023 which excludes assets held for sale.