Brandywine Realty Trust (NYSE:BDN) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Brandywine Realty Trust (NYSE:BDN) from a sell rating to a hold rating in a research note released on Saturday morning.

Several other equities analysts have also commented on BDN. JPMorgan Chase & Co. restated an “underweight” rating on shares of Brandywine Realty Trust in a research note on Monday, November 24th. Truist Financial downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $5.00 to $4.00 in a research report on Tuesday, September 16th. KeyCorp lowered shares of Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday, December 4th. Evercore ISI lowered their price target 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $4.00.

Brandywine Realty Trust Trading Up 1.2%

Shares of BDN stock opened at $2.92 on Friday. Brandywine Realty Trust has a 52-week low of $2.83 and a 52-week high of $5.76. 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 firm has a market capitalization of $506.34 million, a PE ratio of -2.72 and a beta of 1.30. The stock has a fifty day simple moving average of $3.29 and a two-hundred day simple moving average of $3.86.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data 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). The company had revenue of $121.42 million for the quarter, compared to analysts’ expectations of $119.11 million. Brandywine Realty Trust had a negative net margin of 38.03% and a negative return on equity of 19.55%. On average, analysts predict that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 22nd. Investors of record on Wednesday, January 7th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 11.0%. The ex-dividend date is Wednesday, January 7th. Brandywine Realty Trust’s payout ratio is -29.91%.

Insider Activity at Brandywine Realty Trust

In other Brandywine Realty Trust news, Director James C. Diggs sold 23,190 shares of Brandywine Realty Trust stock in a transaction that occurred 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 sale, the director directly owned 128,672 shares in the company, valued at approximately $446,491.84. The trade was a 15.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Gerard H. Sweeney bought 88,500 shares of the stock in a transaction dated Monday, November 10th. The stock was bought at an average price of $3.38 per share, for a total transaction of $299,130.00. Following the purchase, the chief executive officer directly owned 3,042,210 shares of the company’s stock, valued at approximately $10,282,669.80. The trade was a 3.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Hotchkis & Wiley Capital Management LLC purchased a new position in Brandywine Realty Trust in the 3rd quarter valued at approximately $6,542,000. Verition Fund Management LLC increased its position in shares of Brandywine Realty Trust by 2,395.1% during the third quarter. Verition Fund Management LLC now owns 1,280,968 shares of the real estate investment trust’s stock worth $5,342,000 after acquiring an additional 1,229,628 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Brandywine Realty Trust in the second quarter valued at $4,566,000. Invesco Ltd. boosted its holdings in Brandywine Realty Trust by 30.4% in the second quarter. Invesco Ltd. now owns 4,547,731 shares of the real estate investment trust’s stock valued at $19,510,000 after purchasing an additional 1,059,054 shares during the period. Finally, Millennium Management LLC boosted its holdings in Brandywine Realty Trust by 72.4% in the third quarter. Millennium Management LLC now owns 2,081,421 shares of the real estate investment trust’s stock valued at $8,680,000 after purchasing an additional 874,215 shares during the period. 87.27% of the stock is owned by institutional investors and hedge funds.

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.