Analysts Set Brandywine Realty Trust (NYSE:BDN) Target Price at $4.00

Shares of Brandywine Realty Trust (NYSE:BDN) have received an average recommendation of “Reduce” from the five research firms that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $4.00.

A number of equities research analysts recently commented on the company. KeyCorp lowered Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday, December 4th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Brandywine Realty Trust in a research note on Monday, November 24th. Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday. Finally, Evercore ISI decreased their target price on shares of Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating for the company in a research report on Friday, November 14th.

Insider Buying and Selling

In other news, CEO Gerard H. Sweeney bought 88,500 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was purchased at an average cost of $3.38 per share, with a total value of $299,130.00. Following the acquisition, the chief executive officer directly 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James C. Diggs sold 23,190 shares of the business’s stock in a transaction on 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 transaction, the director owned 128,672 shares of the company’s stock, valued at approximately $446,491.84. This represents a 15.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Brandywine Realty Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in BDN. Advisory Services Network LLC purchased a new position in Brandywine Realty Trust during the third quarter valued at $34,000. Ballentine Partners LLC acquired a new position in shares of Brandywine Realty Trust during the 3rd quarter worth about $55,000. Coldstream Capital Management Inc. lifted its stake in Brandywine Realty Trust by 48.5% in the 2nd quarter. Coldstream Capital Management Inc. now owns 14,042 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 4,588 shares in the last quarter. Creative Planning lifted its stake in Brandywine Realty Trust by 23.9% in the 2nd quarter. Creative Planning now owns 14,244 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 2,749 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Brandywine Realty Trust by 146.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,625 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 8,694 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Up 0.2%

Brandywine Realty Trust stock opened at $3.04 on Friday. The business’s 50-day simple moving average is $3.10 and its two-hundred day simple moving average is $3.69. The company has a debt-to-equity ratio of 2.68, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market cap of $527.18 million, a PE ratio of -2.84 and a beta of 1.30. Brandywine Realty Trust has a fifty-two week low of $2.83 and a fifty-two week high of $5.56.

Brandywine Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Wednesday, January 7th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 10.5%. The ex-dividend date was Wednesday, January 7th. Brandywine Realty Trust’s dividend payout ratio is currently -29.91%.

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.