Brandywine Realty Trust (NYSE:BDN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Brandywine Realty Trust (NYSE:BDN) have been assigned a consensus rating of “Moderate Buy” from the four ratings firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $5.63.

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brandywine Realty Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $5.50 price objective on the stock. StockNews.com downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Finally, Truist Financial cut their price objective on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, February 13th.

Brandywine Realty Trust Trading Down 0.6 %

Brandywine Realty Trust stock opened at $4.25 on Friday. The firm’s 50-day moving average is $4.36 and its 200-day moving average is $4.51. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.15 and a current ratio of 2.15. Brandywine Realty Trust has a 1 year low of $3.42 and a 1 year high of $5.67. The company has a market cap of $731.29 million, a P/E ratio of -3.69 and a beta of 1.27.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.34). The firm had revenue of $126.50 million during the quarter, compared to the consensus estimate of $122.83 million. Brandywine Realty Trust had a negative net margin of 38.24% and a negative return on equity of 13.15%. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 earnings per share. On average, equities analysts expect that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.60 annualized dividend and a yield of 14.13%. Brandywine Realty Trust’s payout ratio is -52.17%.

Hedge Funds Weigh In On Brandywine Realty Trust

Large investors have recently bought and sold shares of the stock. Citigroup Inc. grew its stake in shares of Brandywine Realty Trust by 17.1% in the 1st quarter. Citigroup Inc. now owns 294,304 shares of the real estate investment trust’s stock worth $4,161,000 after purchasing an additional 42,928 shares during the last quarter. Natixis Advisors L.P. grew its stake in shares of Brandywine Realty Trust by 23.0% in the 1st quarter. Natixis Advisors L.P. now owns 42,369 shares of the real estate investment trust’s stock worth $599,000 after purchasing an additional 7,935 shares during the last quarter. Bank of Montreal Can grew its stake in shares of Brandywine Realty Trust by 15.1% in the 1st quarter. Bank of Montreal Can now owns 60,243 shares of the real estate investment trust’s stock worth $866,000 after purchasing an additional 7,924 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Brandywine Realty Trust by 55.1% in the 1st quarter. MetLife Investment Management LLC now owns 90,395 shares of the real estate investment trust’s stock worth $1,278,000 after purchasing an additional 32,106 shares during the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Brandywine Realty Trust by 0.6% in the 1st quarter. Rhumbline Advisers now owns 510,543 shares of the real estate investment trust’s stock worth $7,219,000 after purchasing an additional 3,250 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 160 properties and 22.6 million square feet as of September 30, 2023 which excludes assets held for sale.