Brandywine Realty Trust (NYSE:BDN) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Brandywine Realty Trust (NYSE:BDN) have received a consensus recommendation of “Reduce” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $3.50.

Several equities analysts have recently commented on BDN shares. Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research 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 Activity at Brandywine Realty Trust

In other news, CEO Gerard Sweeney acquired 33,900 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was purchased at an average price of $2.96 per share, for a total transaction of $100,344.00. Following the completion of the transaction, the chief executive officer directly owned 4,207,691 shares in the company, valued at approximately $12,454,765.36. This trade represents a 0.81% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Brandywine Realty Trust

A number of hedge funds have recently made changes to their positions in the company. Essential Partners LLC lifted its position in Brandywine Realty Trust by 497.2% during the first quarter. Essential Partners LLC now owns 10,301 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 8,576 shares during the last quarter. HB Wealth Management LLC purchased a new position in shares of Brandywine Realty Trust in the 1st quarter worth approximately $33,000. Waverly Advisors LLC purchased a new position in shares of Brandywine Realty Trust in the 2nd quarter worth approximately $34,000. Krilogy Financial LLC bought a new position in shares of Brandywine Realty Trust during the 1st quarter valued at approximately $41,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Brandywine Realty Trust during the 2nd quarter valued at $44,000. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Brandywine Realty Trust Stock Up 0.5%

Shares of BDN stock opened at $2.75 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.76. Brandywine Realty Trust has a 12 month low of $2.47 and a 12 month high of $4.02. The stock has a market cap of $479.22 million, a P/E ratio of -3.35 and a beta of 1.32. The company has a 50 day simple moving average of $3.01 and a two-hundred day simple moving average of $3.01.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.18) earnings per share (EPS) for the quarter, meeting the consensus estimate 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 company posted ($0.51) earnings per share. On average, research analysts expect that Brandywine Realty Trust will post 0.55 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th will be paid a $0.08 dividend. The ex-dividend date is Thursday, October 8th. This represents a $0.32 annualized dividend and a yield of 11.7%. Brandywine Realty Trust’s payout ratio is presently -39.02%.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust is a self-administered and self-managed real estate investment trust that owns, develops, leases and manages office, mixed-use and other commercial properties. The company focuses on well-located properties in urban, town-center and suburban settings, offering workspace, retail, residential and hospitality components within selected developments.

Brandywine’s principal concentration is the Philadelphia region, including Philadelphia and surrounding communities in Pennsylvania and New Jersey.