Brandywine Realty Trust (NYSE:BDN) Given Average Recommendation of “Reduce” by Brokerages

Brandywine Realty Trust (NYSE:BDN) has been given an average rating of “Reduce” by the six analysts that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $4.00.

A number of research firms recently weighed in on BDN. Wall Street Zen cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. KeyCorp lowered Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a research note on Thursday, December 4th. Evercore decreased their target price on Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating on the stock in a report on Friday, November 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Brandywine Realty Trust in a report on Monday, November 24th.

Brandywine Realty Trust Stock Performance

NYSE BDN opened at $2.90 on Friday. The firm has a market cap of $502.89 million, a price-to-earnings ratio of -2.81 and a beta of 1.25. The company has a 50 day moving average of $3.06 and a 200-day moving average of $3.45. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 3.20. Brandywine Realty Trust has a 1-year low of $2.74 and a 1-year high of $4.67.

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 11.1%. The ex-dividend date is Thursday, April 2nd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -31.07%.

Hedge Funds Weigh In On Brandywine Realty Trust

A number of large investors have recently modified their holdings of the stock. Hsbc Holdings PLC increased its holdings in shares of Brandywine Realty Trust by 73.3% in the fourth quarter. Hsbc Holdings PLC now owns 463,270 shares of the real estate investment trust’s stock valued at $1,357,000 after purchasing an additional 195,947 shares in the last quarter. Alpine Global Management LLC acquired a new position in Brandywine Realty Trust during the 4th quarter worth $182,000. XTX Topco Ltd acquired a new position in Brandywine Realty Trust during the 4th quarter worth $648,000. VARCOV Co. bought a new position in Brandywine Realty Trust in the 4th quarter valued at $315,000. Finally, Quadrature Capital Ltd bought a new position in Brandywine Realty Trust in the 4th quarter valued at $89,000. 87.27% of the stock is currently 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.