Brandywine Realty Trust (NYSE:BDN) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of Brandywine Realty Trust (NYSE:BDN) from a hold rating to a sell rating in a report published on Friday.

Several other analysts have also recently commented on BDN. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Brandywine Realty Trust in a report on Monday, November 24th. Evercore ISI dropped their price target on shares of Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating on the stock in a research report on Friday, November 14th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, October 8th. Finally, Truist Financial cut shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $5.00 to $4.00 in a research report on Tuesday, September 16th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $4.00.

Brandywine Realty Trust Stock Performance

NYSE BDN opened at $3.45 on Friday. The company has a market capitalization of $598.39 million, a price-to-earnings ratio of -3.22 and a beta of 1.42. Brandywine Realty Trust has a twelve month low of $3.23 and a twelve month high of $5.90. The stock has a fifty day simple moving average of $3.70 and a 200 day simple moving average of $4.04. The company has a quick ratio of 2.97, a current ratio of 2.14 and a debt-to-equity ratio of 2.68.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $121.42 million for the quarter, compared to analyst estimates of $119.11 million. Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%. Sell-side analysts expect that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $0.32 annualized dividend and a dividend yield of 9.3%. Brandywine Realty Trust’s dividend payout ratio (DPR) is -29.91%.

Insider Buying and Selling at Brandywine Realty Trust

In related news, CEO Gerard H. Sweeney purchased 88,500 shares of the firm’s stock in a transaction on Monday, November 10th. The stock was purchased at an average cost of $3.38 per share, with a total value of $299,130.00. Following the completion of the purchase, the chief executive officer owned 3,042,210 shares in the company, valued at approximately $10,282,669.80. This trade represents a 3.00% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James C. Diggs sold 23,190 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $3.47, for a total transaction of $80,469.30. Following the transaction, the director owned 128,672 shares in the company, valued at $446,491.84. This represents a 15.27% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 3.30% of the company’s stock.

Institutional Trading of Brandywine Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in Brandywine Realty Trust during the 3rd quarter worth approximately $34,000. Ballentine Partners LLC bought a new stake in shares of Brandywine Realty Trust during the third quarter valued at approximately $55,000. US Bancorp DE raised its position in shares of Brandywine Realty Trust by 135.0% during the first quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 7,624 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Brandywine Realty Trust by 48.5% in the 2nd quarter. Coldstream Capital Management Inc. now owns 14,042 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 4,588 shares in the last quarter. Finally, Creative Planning grew its position in Brandywine Realty Trust by 23.9% in the 2nd quarter. Creative Planning now owns 14,244 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 2,749 shares during the period. 87.27% of the stock is owned by institutional investors.

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.