Brandywine Realty Trust (NYSE:BDN) Stock Has Consensus Target Price of $3.50

Brandywine Realty Trust (NYSE:BDN) has been given a consensus recommendation of “Reduce” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $3.50.

A number of brokerages have issued reports on BDN. Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Tuesday, October 13th.

Insider Buying and Selling

In other news, CEO Gerard Sweeney bought 33,900 shares of Brandywine Realty Trust stock in a transaction on Monday, September 14th. The shares were bought at an average cost of $2.96 per share, with a total value of $100,344.00. Following the completion of the purchase, the chief executive officer directly owned 4,207,691 shares of the company’s stock, valued at approximately $12,454,765.36. This trade represents a 0.81% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Brandywine Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of BDN. Abundance Wealth Counselors lifted its holdings in Brandywine Realty Trust by 4.5% in the third quarter. Abundance Wealth Counselors now owns 201,674 shares of the real estate investment trust’s stock valued at $565,000 after acquiring an additional 8,643 shares during the last quarter. Invested Advisors grew its position in Brandywine Realty Trust by 17.3% in the third quarter. Invested Advisors now owns 46,993 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 6,924 shares during the period. Signaturefd LLC increased its stake in Brandywine Realty Trust by 86.2% during the third quarter. Signaturefd LLC now owns 20,117 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 9,313 shares during the last quarter. Evergreen Capital Management LLC acquired a new stake in Brandywine Realty Trust during the third quarter worth $31,000. Finally, Inspire Investing LLC increased its stake in Brandywine Realty Trust by 6.7% during the third quarter. Inspire Investing LLC now owns 227,443 shares of the real estate investment trust’s stock worth $637,000 after acquiring an additional 14,282 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Stock Performance

Shares of Brandywine Realty Trust stock opened at $2.90 on Friday. The stock’s 50 day simple moving average is $2.90 and its 200-day simple moving average is $3.00. Brandywine Realty Trust has a 1-year low of $2.47 and a 1-year high of $3.63.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $0.14 EPS for the quarter, beating the consensus estimate of ($0.17) by $0.31. The company had revenue of $118.66 million during the quarter, compared to analyst estimates of $111.49 million. On average, equities analysts expect that Brandywine Realty Trust will post 0.54 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Thursday, October 8th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 11.0%. The ex-dividend date was Thursday, October 8th.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust is a self-managed and self-administered real estate investment trust that owns, develops, leases and manages office, mixed-use and life science properties. Its portfolio includes high-quality commercial buildings, retail components and multifamily or residential elements within larger urban developments.

The company’s operations are concentrated in the Philadelphia region, including Center City Philadelphia, University City and surrounding suburban communities. Brandywine’s notable developments include Cira Centre, FMC Tower at Cira Centre South and the Schuylkill Yards innovation district.