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

Shares of Brandywine Realty Trust (NYSE:BDN) have been given a consensus recommendation of “Reduce” by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $3.50.

A number of brokerages recently weighed in on BDN. Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial reaffirmed a “hold” rating and issued a $3.00 price target (down from $3.50) on shares of Brandywine Realty Trust in a research report on Monday, April 27th.

Brandywine Realty Trust Stock Down 0.8%

Shares of BDN stock opened at $3.26 on Monday. The stock’s 50 day simple moving average is $3.07 and its 200 day simple moving average is $2.99. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.93 and a current ratio of 1.93. Brandywine Realty Trust has a twelve month low of $2.47 and a twelve month high of $4.63. The company has a market capitalization of $565.43 million, a price-to-earnings ratio of -2.83 and a beta of 1.30.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data 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 net margin of 40.79% and a negative return on equity of 24.45%. The company had revenue of $127.00 million during the quarter, compared to the consensus estimate of $110.27 million. As a group, research analysts predict that Brandywine Realty Trust will post 0.56 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 9.8%. The ex-dividend date of this dividend is Wednesday, July 8th. Brandywine Realty Trust’s payout ratio is currently -27.83%.

Institutional Trading of Brandywine Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of BDN. Amundi increased its position in shares of Brandywine Realty Trust by 2.2% during the first quarter. Amundi now owns 176,372 shares of the real estate investment trust’s stock valued at $787,000 after purchasing an additional 3,794 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Brandywine Realty Trust by 11.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,274,556 shares of the real estate investment trust’s stock valued at $5,685,000 after purchasing an additional 130,811 shares during the period. Strs Ohio bought a new stake in shares of Brandywine Realty Trust during the first quarter valued at approximately $136,000. Creative Planning increased its position in shares of Brandywine Realty Trust by 23.9% during the second quarter. Creative Planning now owns 14,244 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 2,749 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Brandywine Realty Trust by 95.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 829,246 shares of the real estate investment trust’s stock valued at $3,557,000 after purchasing an additional 405,447 shares during the period. 87.27% of the stock is currently owned by institutional investors.

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.