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

Brandywine Realty Trust (NYSE:BDN – Get Free Report) has been assigned a consensus recommendation of “Reduce” from the six ratings firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $3.50.

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

Read Our Latest Report on Brandywine Realty Trust

Brandywine Realty Trust Stock Performance

Shares of BDN stock opened at $2.98 on Friday. Brandywine Realty Trust has a 12 month low of $2.47 and a 12 month high of $3.55. The company’s fifty day simple moving average is $2.90 and its 200-day simple moving average is $3.00. The firm has a market cap of $520.25 million, a PE ratio of -3.72 and a beta of 1.32. The company has a quick ratio of 1.67, a current ratio of 3.48 and a debt-to-equity ratio of 3.70.

Brandywine Realty Trust Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Thursday, October 8th. This represents a $0.32 annualized dividend and a yield of 10.7%. Brandywine Realty Trust’s dividend payout ratio is -40.00%.

Insiders Place Their Bets

In related news, CEO Gerard Sweeney purchased 33,900 shares of the stock in a transaction on Monday, September 14th. The shares were purchased at an average price of $2.96 per share, with a total value of $100,344.00. Following the transaction, the chief executive officer directly owned 4,207,691 shares of the company’s stock, valued at $12,454,765.36. This trade represents a 0.81% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Brandywine Realty Trust

A number of institutional investors and hedge funds have recently made changes to their positions in BDN. Congress Asset Management Co. grew its stake in shares of Brandywine Realty Trust by 20.9% in the third 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 buying an additional 209,943 shares in the last quarter. Hsbc Holdings PLC increased its holdings in Brandywine Realty Trust by 68.1% during the first quarter. Hsbc Holdings PLC now owns 778,782 shares of the real estate investment trust’s stock worth $2,087,000 after buying an additional 315,512 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Brandywine Realty Trust during the first quarter worth $1,861,000. Verus Financial Partners Inc. raised its position in Brandywine Realty Trust by 39.5% during the third quarter. Verus Financial Partners Inc. now owns 379,918 shares of the real estate investment trust’s stock worth $1,064,000 after acquiring an additional 107,501 shares in the last quarter. Finally, Inspire Investing LLC raised its position 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 in the last quarter. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Brandywine Realty Trust (NYSE:BDN)

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