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

Shares of Brandywine Realty Trust (NYSE:BDN) have been given a consensus recommendation of “Reduce” by the six research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $4.00.

Several equities research analysts recently weighed in on the stock. KeyCorp downgraded shares of Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday, December 4th. Citigroup reaffirmed a “sell” rating on shares of Brandywine Realty Trust in a report on Tuesday, January 27th. Evercore reduced their price objective on Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating for the company in a report on Friday, November 14th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Brandywine Realty Trust in a research report on Monday, November 24th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, January 21st.

Hedge Funds Weigh In On Brandywine Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. Invesco Ltd. increased its position in Brandywine Realty Trust by 20.8% during the third quarter. Invesco Ltd. now owns 5,492,657 shares of the real estate investment trust’s stock valued at $22,904,000 after acquiring an additional 944,926 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Brandywine Realty Trust by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,488,275 shares of the real estate investment trust’s stock valued at $16,026,000 after purchasing an additional 617,008 shares during the period. Geode Capital Management LLC increased its position in shares of Brandywine Realty Trust by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 4,635,453 shares of the real estate investment trust’s stock valued at $13,537,000 after purchasing an additional 92,436 shares during the last quarter. Kawa Capital Management Inc lifted its stake in shares of Brandywine Realty Trust by 12.1% in the 3rd quarter. Kawa Capital Management Inc now owns 3,923,145 shares of the real estate investment trust’s stock worth $16,360,000 after purchasing an additional 423,145 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Brandywine Realty Trust by 171.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,925,736 shares of the real estate investment trust’s stock worth $8,543,000 after buying an additional 1,849,532 shares during the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Brandywine Realty Trust Stock Performance

Shares of Brandywine Realty Trust stock opened at $3.17 on Tuesday. Brandywine Realty Trust has a 1 year low of $2.74 and a 1 year high of $5.09. The firm’s 50-day moving average is $3.00 and its 200 day moving average is $3.56. The stock has a market cap of $549.76 million, a price-to-earnings ratio of -3.07 and a beta of 1.29. The company has a debt-to-equity ratio of 3.20, a current ratio of 1.86 and a quick ratio of 2.14.

Brandywine Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Wednesday, January 7th were paid a dividend of $0.08 per share. The ex-dividend date was Wednesday, January 7th. This represents a $0.32 dividend on an annualized basis and a yield of 10.1%. Brandywine Realty Trust’s payout ratio is currently -31.07%.

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.