Brandywine Realty Trust (NYSE:BDN) Receives $4.00 Consensus Target Price from Brokerages

Brandywine Realty Trust (NYSE:BDN) has been assigned an average recommendation of “Reduce” from the five brokerages that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $4.00.

BDN has been the subject of several research analyst reports. Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. KeyCorp lowered Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday, December 4th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Brandywine Realty Trust in a report on Monday, November 24th. Evercore ISI decreased their target price on 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, Truist Financial downgraded Brandywine Realty Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $5.00 to $4.00 in a report on Tuesday, September 16th.

Insiders Place Their Bets

In related news, Director James C. Diggs sold 23,190 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $3.47, for a total transaction of $80,469.30. Following the sale, the director owned 128,672 shares in the company, valued at $446,491.84. This represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Gerard H. Sweeney bought 88,500 shares of the business’s stock in a transaction on Monday, November 10th. The stock was acquired at an average cost of $3.38 per share, for a total transaction of $299,130.00. Following the acquisition, the chief executive officer directly owned 3,042,210 shares of the company’s stock, valued at $10,282,669.80. The trade was a 3.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Brandywine Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Kawa Capital Management Inc raised its stake in shares of Brandywine Realty Trust by 12.1% during the third quarter. Kawa Capital Management Inc now owns 3,923,145 shares of the real estate investment trust’s stock valued at $16,360,000 after purchasing an additional 423,145 shares in the last quarter. American Century Companies Inc. raised its position in shares of Brandywine Realty Trust by 54.2% during the 1st quarter. American Century Companies Inc. now owns 88,406 shares of the real estate investment trust’s stock worth $394,000 after buying an additional 31,072 shares in the last quarter. Ethic Inc. raised its position in shares of Brandywine Realty Trust by 10.6% during the 2nd quarter. Ethic Inc. now owns 51,245 shares of the real estate investment trust’s stock worth $218,000 after buying an additional 4,915 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Brandywine Realty Trust in the 1st quarter worth approximately $1,037,000. Finally, Graham Capital Management L.P. boosted its holdings in shares of Brandywine Realty Trust by 50.1% in the first quarter. Graham Capital Management L.P. now owns 276,858 shares of the real estate investment trust’s stock valued at $1,235,000 after acquiring an additional 92,382 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Stock Performance

Shares of BDN opened at $2.94 on Monday. The firm has a market cap of $509.81 million, a price-to-earnings ratio of -2.74 and a beta of 1.30. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 2.68. The business’s 50 day moving average is $3.22 and its two-hundred day moving average is $3.82. Brandywine Realty Trust has a 52-week low of $2.83 and a 52-week high of $5.76.

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 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 analyst estimates of $119.11 million. Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%. Analysts forecast 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. Shareholders of record on Wednesday, January 7th will be paid a dividend of $0.08 per share. The ex-dividend date is Wednesday, January 7th. This represents a $0.32 annualized dividend and a yield of 10.9%. Brandywine Realty Trust’s payout ratio is presently -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.