Brokerages Set Brandywine Realty Trust (NYSE:BDN) Price Target at $3.50

Shares of Brandywine Realty Trust (NYSE:BDN) have been assigned a consensus rating of “Reduce” from the six research firms that are presently covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $3.50.

A number of research firms have commented on BDN. Truist Financial restated 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. Wall Street Zen upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th.

Hedge Funds Weigh In On Brandywine Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in Brandywine Realty Trust in the third quarter valued at about $34,000. Essential Partners LLC lifted its position in shares of Brandywine Realty Trust by 497.2% during the first quarter. Essential Partners LLC now owns 10,301 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 8,576 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Brandywine Realty Trust during the fourth quarter worth approximately $33,000. HB Wealth Management LLC acquired a new position in shares of Brandywine Realty Trust during the first quarter worth approximately $33,000. Finally, Ballentine Partners LLC acquired a new position in shares of Brandywine Realty Trust during the third quarter worth approximately $55,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Stock Performance

Shares of NYSE:BDN opened at $3.06 on Thursday. The stock has a market capitalization of $532.07 million, a price-to-earnings ratio of -2.66 and a beta of 1.30. Brandywine Realty Trust has a fifty-two week low of $2.47 and a fifty-two week high of $4.63. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.93 and a quick ratio of 1.93. The business’s fifty day moving average price is $2.89 and its two-hundred day moving average price is $3.01.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). The firm had revenue of $127.00 million during the quarter, compared to analyst estimates of $110.27 million. Brandywine Realty Trust had a negative net margin of 40.79% and a negative return on equity of 24.45%. As a group, analysts predict that Brandywine Realty Trust will post 0.56 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company 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. The ex-dividend date is Wednesday, July 8th. This represents a $0.32 dividend on an annualized basis and a yield of 10.4%. Brandywine Realty Trust’s payout ratio is -27.83%.

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.