Analysts Set Brandywine Realty Trust (NYSE:BDN) Price Target at $3.50

Brandywine Realty Trust (NYSE:BDN) has been assigned a consensus recommendation of “Reduce” from the six brokerages that are currently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $3.50.

A number of equities analysts recently weighed in on BDN shares. Truist Financial restated a “hold” rating and issued a $3.00 price objective (down from $3.50) on shares of Brandywine Realty Trust in a report on Monday, April 27th. Wall Street Zen upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 9th.

Brandywine Realty Trust Stock Performance

Shares of BDN opened at $3.10 on Thursday. 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’s 50 day moving average price is $2.88 and its 200-day moving average price is $3.02. Brandywine Realty Trust has a 52 week low of $2.47 and a 52 week high of $4.63. The stock has a market cap of $537.63 million, a P/E ratio of -2.69 and a beta of 1.30.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). Brandywine Realty Trust had a negative return on equity of 24.45% and a negative net margin of 40.79%.The company had revenue of $127.00 million during the quarter, compared to the consensus estimate of $110.27 million. Equities research analysts anticipate that Brandywine Realty Trust will post 0.56 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

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

Hedge Funds Weigh In On Brandywine Realty Trust

A number of hedge funds have recently added to or reduced their stakes in BDN. Allianz Asset Management GmbH raised its stake in Brandywine Realty Trust by 116.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 815,112 shares of the real estate investment trust’s stock valued at $3,399,000 after buying an additional 439,339 shares during the last quarter. UBS Group AG raised its stake in Brandywine Realty Trust by 73.0% during the 4th quarter. UBS Group AG now owns 1,849,023 shares of the real estate investment trust’s stock valued at $5,399,000 after buying an additional 780,312 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Brandywine Realty Trust by 25.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,525,615 shares of the real estate investment trust’s stock valued at $6,362,000 after buying an additional 309,552 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Brandywine Realty Trust by 209.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 51,558 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 34,901 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new stake in Brandywine Realty Trust during the 4th quarter valued at $223,000. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

About Brandywine Realty Trust

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.