Brandywine Realty Trust (NYSE:BDN) Rating Increased to Hold 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 report released on Saturday.

A number of other equities analysts also recently issued reports on the stock. Truist Financial reissued a “hold” rating and issued a $3.00 price objective (down from $3.50) on shares of Brandywine Realty Trust in a report on Monday, April 27th. Citigroup reissued a “sell” rating on shares of Brandywine Realty Trust in a report on Tuesday, January 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $3.50.

Brandywine Realty Trust Stock Performance

BDN opened at $3.11 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.86 and a debt-to-equity ratio of 3.55. The company has a market cap of $539.37 million, a price-to-earnings ratio of -2.70 and a beta of 1.30. The company’s 50 day moving average is $2.89 and its 200 day moving average is $3.08. Brandywine Realty Trust has a 12-month low of $2.47 and a 12-month high of $4.63.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). The business had revenue of $127.00 million during the quarter, compared to analysts’ expectations of $110.27 million. Brandywine Realty Trust had a negative return on equity of 24.45% and a negative net margin of 40.79%. On average, equities research analysts predict that Brandywine Realty Trust will post 0.56 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $0.32 annualized dividend and a yield of 10.3%. Brandywine Realty Trust’s payout ratio is currently -27.83%.

Hedge Funds Weigh In On Brandywine Realty Trust

Large investors have recently added to or reduced their stakes in the company. HB Wealth Management LLC purchased a new position in Brandywine Realty Trust during the first quarter valued at approximately $33,000. Cibc World Markets Corp purchased a new position in Brandywine Realty Trust during the fourth quarter valued at approximately $33,000. Advisory Services Network LLC purchased a new position in Brandywine Realty Trust during the third quarter valued at approximately $34,000. Kovack Advisors Inc. purchased a new position in Brandywine Realty Trust during the fourth quarter valued at approximately $40,000. Finally, Krilogy Financial LLC purchased a new position in shares of Brandywine Realty Trust in the first quarter worth $41,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

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.