Brandywine Realty Trust (NYSE:BDN) Upgraded at StockNews.com

StockNews.com upgraded shares of Brandywine Realty Trust (NYSE:BDN) from a sell rating to a hold rating in a report published on Saturday.

Separately, Evercore ISI increased their price target on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a report on Monday, September 16th.

Brandywine Realty Trust Price Performance

Shares of Brandywine Realty Trust stock opened at $5.49 on Friday. The stock has a market capitalization of $947.94 million, a P/E ratio of -3.05 and a beta of 1.35. The business has a 50 day simple moving average of $5.51 and a two-hundred day simple moving average of $5.21. Brandywine Realty Trust has a 12 month low of $3.85 and a 12 month high of $6.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). The business had revenue of $117.96 million for the quarter, compared to analysts’ expectations of $120.00 million. Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. Brandywine Realty Trust’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS. As a group, analysts predict that Brandywine Realty Trust will post 0.92 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Wednesday, January 8th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.93%. Brandywine Realty Trust’s dividend payout ratio is currently -33.33%.

Institutional Trading of Brandywine Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP raised its position in Brandywine Realty Trust by 752.5% in the third quarter. Quarry LP now owns 4,595 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 4,056 shares during the period. Point72 DIFC Ltd acquired a new position in Brandywine Realty Trust during the 2nd quarter worth about $27,000. Sei Investments Co. purchased a new position in Brandywine Realty Trust during the 2nd quarter valued at about $48,000. EverSource Wealth Advisors LLC grew its position in Brandywine Realty Trust by 381.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 9,753 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new position in Brandywine Realty Trust in the 3rd quarter valued at about $55,000. 87.27% of the stock is owned by institutional investors and hedge funds.

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.