Brandywine Realty Trust (NYSE:BDN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Brandywine Realty Trust (NYSE:BDN) have earned an average rating of “Moderate Buy” from the four analysts that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $5.63.

Several equities research analysts have issued reports on BDN shares. Truist Financial dropped their price objective on Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft initiated coverage on Brandywine Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $5.50 price target for the company. Finally, StockNews.com downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BDN. Citigroup Inc. boosted its position in Brandywine Realty Trust by 17.1% during the 1st quarter. Citigroup Inc. now owns 294,304 shares of the real estate investment trust’s stock valued at $4,161,000 after purchasing an additional 42,928 shares during the period. Natixis Advisors L.P. boosted its position in Brandywine Realty Trust by 23.0% during the 1st quarter. Natixis Advisors L.P. now owns 42,369 shares of the real estate investment trust’s stock worth $599,000 after acquiring an additional 7,935 shares during the period. Bank of Montreal Can boosted its position in Brandywine Realty Trust by 15.1% during the 1st quarter. Bank of Montreal Can now owns 60,243 shares of the real estate investment trust’s stock worth $866,000 after acquiring an additional 7,924 shares during the period. MetLife Investment Management LLC boosted its position in Brandywine Realty Trust by 55.1% during 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 acquiring an additional 32,106 shares during the period. Finally, Rhumbline Advisers boosted its position in Brandywine Realty Trust by 0.6% during the 1st quarter. Rhumbline Advisers now owns 510,543 shares of the real estate investment trust’s stock worth $7,219,000 after acquiring an additional 3,250 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

Shares of NYSE:BDN opened at $4.56 on Wednesday. The company has a market cap of $785.41 million, a P/E ratio of -3.97 and a beta of 1.26. 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 one year low of $3.42 and a one year high of $5.67. The business’s 50-day simple moving average is $4.46 and its 200 day simple moving average is $4.54.

Brandywine Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 13.16%. Brandywine Realty Trust’s dividend payout ratio is currently -52.17%.

About Brandywine Realty Trust

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.