Brandywine Realty Trust (NYSE:BDN) Cut to Sell at Wall Street Zen

Wall Street Zen lowered shares of Brandywine Realty Trust (NYSE:BDN) from a hold rating to a sell rating in a research report report published on Saturday.

A number of other equities research analysts have also recently commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, July 15th. Truist Financial reaffirmed a “hold” rating and issued a $3.00 price objective (down from $3.50) on shares of Brandywine Realty Trust in a research note on Monday, April 27th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, Brandywine Realty Trust currently has a consensus rating of “Reduce” and a consensus price target of $3.50.

Brandywine Realty Trust Stock Performance

Shares of BDN opened at $3.10 on Friday. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.55. The business has a 50-day simple moving average of $3.12 and a two-hundred day simple moving average of $3.02. The stock has a market cap of $537.63 million, a price-to-earnings ratio of -2.69 and a beta of 1.29. Brandywine Realty Trust has a 52 week low of $2.47 and a 52 week high of $4.63.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Thursday, April 23rd. The real estate investment trust reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.10). The firm 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, analysts expect that Brandywine Realty Trust will post 0.56 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.3%. The ex-dividend date is Wednesday, July 8th. Brandywine Realty Trust’s payout ratio is currently -27.83%.

Hedge Funds Weigh In On Brandywine Realty Trust

Several institutional investors have recently bought and sold shares of BDN. Essential Partners LLC increased its holdings in shares of Brandywine Realty Trust by 497.2% in the 1st quarter. Essential Partners LLC now owns 10,301 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 8,576 shares during the last quarter. HB Wealth Management LLC purchased a new position in Brandywine Realty Trust in the first quarter worth about $33,000. Cibc World Markets Corp bought a new stake in Brandywine Realty Trust during the fourth quarter worth approximately $33,000. Advisory Services Network LLC bought a new stake in Brandywine Realty Trust during the third quarter worth approximately $34,000. Finally, Kovack Advisors Inc. purchased a new stake in Brandywine Realty Trust during the fourth quarter valued at approximately $40,000. Institutional investors own 87.27% of the company’s stock.

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.