Brandywine Realty Trust (NYSE:BDN) Receives Average Recommendation of “Reduce” from Brokerages

Brandywine Realty Trust (NYSE:BDN) has been assigned an average rating of “Reduce” from the six brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $3.50.

BDN has been the subject of a number of recent analyst reports. Wall Street Zen upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial restated a “hold” rating and set a $3.00 target price (down from $3.50) on shares of Brandywine Realty Trust in a report on Monday, April 27th.

Hedge Funds Weigh In On Brandywine Realty Trust

Institutional investors have recently added to or reduced their stakes in the company. UBS Group AG raised its holdings in Brandywine Realty Trust by 73.0% in the fourth quarter. UBS Group AG now owns 1,849,023 shares of the real estate investment trust’s stock worth $5,399,000 after purchasing an additional 780,312 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Brandywine Realty Trust by 25.5% in the third quarter. JPMorgan Chase & Co. now owns 1,525,615 shares of the real estate investment trust’s stock worth $6,362,000 after acquiring an additional 309,552 shares during the last quarter. Sheets Smith Wealth Management grew its stake in shares of Brandywine Realty Trust by 15.8% in the fourth quarter. Sheets Smith Wealth Management now owns 65,093 shares of the real estate investment trust’s stock worth $190,000 after acquiring an additional 8,885 shares during the last quarter. Pensionfund Sabic purchased a new stake in shares of Brandywine Realty Trust in the fourth quarter worth $136,000. Finally, Pensionfund PDN purchased a new stake in shares of Brandywine Realty Trust in the fourth quarter worth $384,000. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Price Performance

Shares of Brandywine Realty Trust stock opened at $3.10 on Monday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.55. The company has a market cap of $538.15 million, a PE ratio of -2.69 and a beta of 1.30. The business has a 50 day moving average of $3.02 and a 200 day moving average of $2.99. Brandywine Realty Trust has a 52 week low of $2.47 and a 52 week high of $4.63.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Thursday, April 23rd. The real estate investment trust reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). The business had revenue of $127.00 million for the quarter, compared to the consensus estimate of $110.27 million. Brandywine Realty Trust had a negative net margin of 40.79% and a negative return on equity of 24.45%. As a group, equities research analysts forecast that Brandywine Realty Trust will post 0.56 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a $0.08 dividend. The ex-dividend date is Wednesday, July 8th. This represents a $0.32 dividend on an annualized basis and a yield of 10.3%. Brandywine Realty Trust’s dividend payout ratio is -27.83%.

About Brandywine Realty Trust

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.