Brandywine Realty Trust (NYSE:BDN) Stock Has Average Target Price of $3.50 According to Analysts

Brandywine Realty Trust (NYSE:BDN) has received an average recommendation of “Reduce” from the six research firms that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $3.50.

Several brokerages have recently issued reports on BDN. Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, July 15th. Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Sunday, July 26th.

Insider Buying and Selling at Brandywine Realty Trust

In related news, CEO Gerard Sweeney acquired 33,900 shares of Brandywine Realty Trust stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average price of $2.96 per share, with a total value of $100,344.00. Following the completion of the acquisition, the chief executive officer directly owned 4,207,691 shares of the company’s stock, valued at $12,454,765.36. This trade represents a 0.81% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Brandywine Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BDN. Hsbc Holdings PLC boosted its holdings in shares of Brandywine Realty Trust by 68.1% in the first quarter. Hsbc Holdings PLC now owns 778,782 shares of the real estate investment trust’s stock valued at $2,087,000 after acquiring an additional 315,512 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Brandywine Realty Trust during the first quarter worth approximately $1,861,000. Verus Financial Partners Inc. lifted its position in Brandywine Realty Trust by 2.9% in the first quarter. Verus Financial Partners Inc. now owns 260,694 shares of the real estate investment trust’s stock worth $738,000 after purchasing an additional 7,345 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Brandywine Realty Trust in the second quarter worth approximately $648,000. Finally, Inspire Investing LLC boosted its stake in Brandywine Realty Trust by 19.6% during the 1st quarter. Inspire Investing LLC now owns 191,648 shares of the real estate investment trust’s stock valued at $519,000 after purchasing an additional 31,346 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Up 0.2%

Shares of Brandywine Realty Trust stock opened at $2.79 on Wednesday. The stock has a market capitalization of $486.21 million, a price-to-earnings ratio of -3.40 and a beta of 1.32. Brandywine Realty Trust has a twelve month low of $2.47 and a twelve month high of $4.20. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.76. The business’s 50 day simple moving average is $3.02 and its 200-day simple moving average is $3.01.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($0.18) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.18). Brandywine Realty Trust had a negative return on equity of 18.52% and a negative net margin of 28.62%.The business had revenue of $128.92 million during the quarter, compared to analyst estimates of $113.04 million. During the same quarter in the previous year, the firm posted ($0.51) EPS. Equities research analysts forecast that Brandywine Realty Trust will post 0.55 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 8th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Thursday, October 8th. Brandywine Realty Trust’s dividend payout ratio (DPR) is -39.02%.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust (NYSE:BDN) is a self-managed and self-administered real estate investment trust that owns, develops, leases and manages office, mixed-use and life sciences properties. Its portfolio also includes retail, residential and parking components that support its larger urban developments.

The company focuses primarily on high-density, transit-oriented locations in the Philadelphia region, including Center City Philadelphia, University City and surrounding suburban communities.