Brokerages Set Brandywine Realty Trust (NYSE:BDN) Price Target at $3.50

Shares of Brandywine Realty Trust (NYSE:BDN) have received an average recommendation of “Reduce” from the six brokerages that are presently covering the stock, Marketbeat reports. Three equities research 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 a report on the stock in the last year is $3.50.

Several equities research analysts have weighed in on the company. Truist Financial reaffirmed a “hold” rating and issued a $3.00 target price (down from $3.50) on shares of Brandywine Realty Trust in a research report on Monday, April 27th. Wall Street Zen downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, July 15th.

Brandywine Realty Trust Stock Performance

Shares of NYSE BDN opened at $3.15 on Friday. 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 firm’s 50-day moving average price is $3.12 and its two-hundred day moving average price is $3.02. Brandywine Realty Trust has a 52-week low of $2.47 and a 52-week high of $4.63. The stock has a market capitalization of $546.32 million, a P/E ratio of -2.73 and a beta of 1.29.

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

Brandywine Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Wednesday, July 8th. Brandywine Realty Trust’s payout ratio is presently -27.83%.

Hedge Funds Weigh In On Brandywine Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Essential Partners LLC boosted its position in Brandywine Realty Trust by 497.2% during the 1st quarter. Essential Partners LLC now owns 10,301 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 8,576 shares during the period. HB Wealth Management LLC acquired a new position in shares of Brandywine Realty Trust during the first quarter valued at $33,000. Cibc World Markets Corp bought a new stake in shares of Brandywine Realty Trust during the fourth quarter valued at about $33,000. Advisory Services Network LLC bought a new stake in shares of Brandywine Realty Trust during the third quarter valued at about $34,000. Finally, Kovack Advisors Inc. bought a new stake in shares of Brandywine Realty Trust during the fourth quarter valued at about $40,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.

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.