Brandywine Realty Trust (NYSE:BDN) Given Consensus Recommendation of “Reduce” by Analysts

Brandywine Realty Trust (NYSE:BDN) has earned a consensus rating of “Reduce” from the five research firms that are presently covering the stock, Marketbeat reports. Two 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 target among brokerages that have updated their coverage on the stock in the last year is $4.00.

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Brandywine Realty Trust in a report on Monday, November 24th. KeyCorp cut shares of Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a research note on Thursday, December 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, October 8th. Wall Street Zen lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, November 28th. Finally, Truist Financial lowered shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $5.00 to $4.00 in a research report on Tuesday, September 16th.

Brandywine Realty Trust Stock Performance

Shares of BDN opened at $3.02 on Thursday. The company has a market capitalization of $523.71 million, a PE ratio of -2.82 and a beta of 1.30. The company has a debt-to-equity ratio of 2.68, a current ratio of 2.14 and a quick ratio of 2.14. Brandywine Realty Trust has a one year low of $2.98 and a one year high of $5.90. The company’s fifty day moving average price is $3.50 and its 200 day moving average price is $3.99.

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

Brandywine Realty Trust Dividend Announcement

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 issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, January 7th. This represents a $0.32 annualized dividend and a yield of 10.6%. Brandywine Realty Trust’s dividend payout ratio is -29.91%.

Insider Buying and Selling

In other Brandywine Realty Trust news, Director James C. Diggs sold 23,190 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $3.47, for a total value of $80,469.30. Following the completion of the sale, the director owned 128,672 shares in the company, valued at approximately $446,491.84. This trade represents a 15.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerard H. Sweeney acquired 88,500 shares of the stock in a transaction dated Monday, November 10th. The shares were purchased at an average price of $3.38 per share, for a total transaction of $299,130.00. Following the completion of the transaction, 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 position. 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

A number of hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC acquired a new stake in shares of Brandywine Realty Trust during the 3rd quarter valued at about $34,000. Ballentine Partners LLC acquired a new stake in Brandywine Realty Trust during the third quarter valued at approximately $55,000. US Bancorp DE grew its stake in shares of Brandywine Realty Trust by 135.0% in the 1st quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 7,624 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of 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 worth $60,000 after buying an additional 4,588 shares in the last quarter. Finally, Creative Planning raised its holdings in shares of 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 worth $61,000 after buying an additional 2,749 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

About Brandywine Realty Trust

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.