Brandywine Realty Trust (NYSE:BDN) Receives Average Recommendation of "Reduce" from Analysts

Key Points

• Analysts recommend reducing exposure to Brandywine Realty Trust: Six analysts split evenly between sell and hold ratings, producing an average “Reduce” recommendation and a $3.50 twelve-month price target.
• BDN opened at $2.83, below its 50-day and 200-day moving averages near $3.00, with a market capitalization of approximately $493 million and a debt-to-equity ratio of 3.76.
• The company reported quarterly revenue of $128.92 million and EPS of negative $0.18, while declaring a quarterly dividend of $0.08 per share—an annualized yield of about 11.3%. CEO Gerard Sweeney also purchased 33,900 shares at an average price of $2.96.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) has earned a consensus recommendation of "Reduce" from the six ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $3.50.

BDN has been the subject of several recent research reports. Wall Street Zen upgraded Brandywine Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, July 26th. Weiss Ratings reissued a "sell (d-)" rating on shares of Brandywine Realty Trust in a research report on Wednesday, July 15th.

Brandywine Realty Trust Price Performance

BDN stock opened at $2.83 on Wednesday. The stock has a market capitalization of $493.19 million, a PE ratio of -3.45 and a beta of 1.29. The company's 50-day moving average is $3.04 and its 200-day moving average is $3.01. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.67 and a quick ratio of 1.67. Brandywine Realty Trust has a 1 year low of $2.47 and a 1 year high of $4.20.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.18) EPS for the quarter, meeting analysts' consensus estimates of ($0.18). Brandywine Realty Trust had a negative return on equity of 18.52% and a negative net margin of 28.62%.The business had revenue of $128.92 million during the quarter, compared to analyst estimates of $113.04 million. During the same period in the previous year, the company posted ($0.51) EPS. Equities research analysts expect that Brandywine Realty Trust will post 0.55 EPS for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 8th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date is Thursday, October 8th. Brandywine Realty Trust's dividend payout ratio (DPR) is currently -39.02%.

Insider Activity at Brandywine Realty Trust

In other Brandywine Realty Trust news, CEO Gerard Sweeney bought 33,900 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average price of $2.96 per share, for a total transaction of $100,344.00. Following the acquisition, the chief executive officer directly owned 4,207,691 shares of the company's stock, valued at approximately $12,454,765.36. The trade was a 0.81% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is currently owned by insiders.

Institutional Trading of Brandywine Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership bought a new stake in shares of Brandywine Realty Trust in the 1st quarter worth $1,861,000. Hsbc Holdings PLC boosted 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 purchasing an additional 315,512 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in Brandywine Realty Trust during the second quarter worth about $648,000. Redhawk Wealth Advisors Inc. bought a new stake in Brandywine Realty Trust in the 2nd quarter worth about $361,000. Finally, WINTON GROUP Ltd bought a new stake in Brandywine Realty Trust in the 2nd quarter worth about $347,000. 87.27% of the stock is owned by institutional investors.

About Brandywine Realty Trust

Brandywine Realty Trust NYSE: BDN is a self-managed and self-administered real estate investment trust that owns, develops, leases and manages office, mixed-use and life sciences properties. Its portfolio also includes retail, residential and parking components that support its larger urban developments.

The company focuses primarily on high-density, transit-oriented locations in the Philadelphia region, including Center City Philadelphia, University City and surrounding suburban communities.

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