Brandywine Realty Trust (NYSE:BDN) Price Target Cut to $5.00 by Analysts at Evercore ISI

Brandywine Realty Trust (NYSE:BDN) had its price objective cut by Evercore ISI from $6.00 to $5.00 in a report released on Thursday morning,Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

Separately, StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 28th.

Brandywine Realty Trust Stock Down 3.2 %

NYSE:BDN opened at $4.93 on Thursday. Brandywine Realty Trust has a 12 month low of $3.85 and a 12 month high of $6.54. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.05. The company has a 50-day moving average price of $5.44 and a 200-day moving average price of $5.36.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. On average, research analysts expect that Brandywine Realty Trust will post 0.91 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Wednesday, January 8th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, January 8th. This represents a $0.60 annualized dividend and a dividend yield of 12.18%. Brandywine Realty Trust’s payout ratio is -33.33%.

Institutional Trading of Brandywine Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Yeomans Consulting Group Inc. purchased a new position in Brandywine Realty Trust during the fourth quarter valued at $16,617,000. New York State Common Retirement Fund increased its holdings in shares of Brandywine Realty Trust by 2,688.7% during the fourth quarter. New York State Common Retirement Fund now owns 1,138,791 shares of the real estate investment trust’s stock valued at $6,377,000 after acquiring an additional 1,097,955 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Brandywine Realty Trust in the 3rd quarter worth about $2,546,000. Brookfield Corp ON bought a new position in Brandywine Realty Trust in the 3rd quarter worth about $2,314,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in Brandywine Realty Trust during the 3rd quarter valued at about $1,937,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 160 properties and 22.6 million square feet as of September 30, 2023 which excludes assets held for sale.