Brandywine Realty Trust (NYSE:BDN) Price Target Lowered to $5.00 at Evercore ISI

Brandywine Realty Trust (NYSE:BDN) had its price objective lowered by Evercore ISI from $6.00 to $5.00 in a research report report published on Thursday morning,Benzinga reports. Evercore ISI currently has an in-line rating on the real estate investment trust’s stock.

Separately, StockNews.com upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 28th.

Brandywine Realty Trust Trading Down 3.2 %

BDN stock opened at $4.93 on Thursday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.74 and a current ratio of 1.74. Brandywine Realty Trust has a 1-year low of $3.85 and a 1-year high of $6.54. The business has a fifty day moving average price of $5.44 and a 200-day moving average price of $5.36.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.16. Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. On average, equities research analysts anticipate that Brandywine Realty Trust will post 0.91 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Wednesday, January 8th were given a $0.15 dividend. The ex-dividend date was Wednesday, January 8th. This represents a $0.60 annualized dividend and a yield of 12.18%. Brandywine Realty Trust’s payout ratio is -33.33%.

Institutional Investors Weigh In On Brandywine Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in BDN. Atria Investments Inc grew its position in Brandywine Realty Trust by 22.0% during the fourth quarter. Atria Investments Inc now owns 96,991 shares of the real estate investment trust’s stock valued at $543,000 after buying an additional 17,519 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Brandywine Realty Trust by 360.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 8,248 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 6,457 shares during the last quarter. US Bancorp DE increased its stake in shares of Brandywine Realty Trust by 11,198.0% in the 4th quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 5,599 shares in the last quarter. Pine Valley Investments Ltd Liability Co raised its holdings in Brandywine Realty Trust by 13.1% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 18,914 shares of the real estate investment trust’s stock worth $106,000 after purchasing an additional 2,190 shares during the period. Finally, Concurrent Investment Advisors LLC bought a new position in Brandywine Realty Trust in the 4th quarter worth $140,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

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.