Brandywine Realty Trust (NYSE:BDN) Stock Now Rated “Reduce” by Sell-Side Analysts

Brandywine Realty Trust (NYSE:BDN) has earned a consensus rating of “Reduce” from the six research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.50.

Several equities research analysts have recently commented on BDN shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Tuesday, October 13th. Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th.

Brandywine Realty Trust Trading Up 3.6%

Shares of BDN opened at $3.02 on Friday. The firm has a market capitalization of $528.10 million, a PE ratio of -3.78 and a beta of 1.32. Brandywine Realty Trust has a 12-month low of $2.47 and a 12-month high of $3.55. The company has a quick ratio of 1.67, a current ratio of 3.48 and a debt-to-equity ratio of 3.70. The stock’s fifty day simple moving average is $2.90 and its 200-day simple moving average is $3.00.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, October 8th. This represents a $0.32 annualized dividend and a dividend yield of 10.6%. Brandywine Realty Trust’s payout ratio is presently -40.00%.

Insider Buying and Selling at Brandywine Realty Trust

In related news, CEO Gerard Sweeney purchased 33,900 shares of Brandywine Realty Trust stock in a transaction dated Monday, September 14th. The shares were acquired at an average cost of $2.96 per share, for a total transaction of $100,344.00. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at this link. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Brandywine Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership acquired a new position in shares of Brandywine Realty Trust during the 1st quarter worth about $1,861,000. Hsbc Holdings PLC raised its position in shares of Brandywine Realty Trust by 68.1% in the 1st 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 during the period. Congress Asset Management Co. raised its position in shares of Brandywine Realty Trust by 20.9% in the 3rd quarter. Congress Asset Management Co. now owns 1,212,611 shares of the real estate investment trust’s stock valued at $3,395,000 after acquiring an additional 209,943 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of Brandywine Realty Trust in the 2nd quarter valued at approximately $648,000. Finally, Redhawk Wealth Advisors Inc. bought a new position in Brandywine Realty Trust during the 2nd quarter worth approximately $361,000. Institutional investors own 87.27% of the company’s stock.

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.