Brandywine Realty Trust (NYSE:BDN) Hits New 12-Month Low – What’s Next?

Brandywine Realty Trust (NYSE:BDN) hit a new 52-week low on Friday . The company traded as low as $2.97 and last traded at $2.9850, with a volume of 4795811 shares changing hands. The stock had previously closed at $3.03.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Evercore ISI decreased their price objective on shares of Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating for the company in a report on Friday, November 14th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Brandywine Realty Trust in a report on Monday, November 24th. Wall Street Zen downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Truist Financial cut shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $5.00 to $4.00 in a report on Tuesday, September 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $4.00.

Brandywine Realty Trust Stock Down 1.2%

The stock has a market cap of $520.23 million, a P/E ratio of -2.80 and a beta of 1.30. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 2.68. The stock’s 50-day moving average is $3.38 and its 200-day moving average is $3.93.

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 analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $121.42 million during the quarter, compared to analyst estimates of $119.11 million. Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%. As a group, research analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 22nd. Shareholders of record on Wednesday, January 7th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Wednesday, January 7th. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -29.91%.

Insider Buying and Selling at Brandywine Realty Trust

In related news, Director James C. Diggs sold 23,190 shares of the firm’s stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $3.47, for a total transaction of $80,469.30. Following the completion of the transaction, 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. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Gerard H. Sweeney bought 88,500 shares of the stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average cost of $3.38 per share, for a total transaction of $299,130.00. Following the completion of the acquisition, the chief executive officer owned 3,042,210 shares of the company’s stock, valued at $10,282,669.80. This trade represents a 3.00% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brandywine Realty Trust

Several large investors have recently made changes to their positions in the business. Cetera Investment Advisers raised its holdings in shares of Brandywine Realty Trust by 18.7% in the 1st quarter. Cetera Investment Advisers now owns 36,115 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 5,698 shares in the last quarter. Invesco Ltd. grew its position in Brandywine Realty Trust by 24.1% in the first quarter. Invesco Ltd. now owns 3,488,677 shares of the real estate investment trust’s stock worth $15,559,000 after buying an additional 676,477 shares during the last quarter. Nuveen LLC bought a new position in shares of Brandywine Realty Trust in the first quarter valued at $1,037,000. HighTower Advisors LLC lifted its position in shares of Brandywine Realty Trust by 27.0% during the 1st quarter. HighTower Advisors LLC now owns 92,785 shares of the real estate investment trust’s stock valued at $414,000 after acquiring an additional 19,723 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in shares of Brandywine Realty Trust by 133.2% during the 1st quarter. Russell Investments Group Ltd. now owns 513,973 shares of the real estate investment trust’s stock worth $2,292,000 after acquiring an additional 293,567 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 an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high‐quality, transit‐oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live‐work‐play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.