Brandywine Realty Trust (NYSE:BDN) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Brandywine Realty Trust (NYSE:BDN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.00 and traded as high as $3.11. Brandywine Realty Trust shares last traded at $3.0650, with a volume of 1,283,047 shares.

Analyst Ratings Changes

Several research analysts have issued reports on BDN shares. Truist Financial reiterated a “hold” rating and issued a $3.00 price objective (down from $3.50) on shares of Brandywine Realty Trust in a research report on Monday, April 27th. Wall Street Zen upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $3.50.

Brandywine Realty Trust Stock Performance

The firm has a fifty day moving average of $3.11 and a 200-day moving average of $3.00. The company has a quick ratio of 1.93, a current ratio of 1.93 and a debt-to-equity ratio of 3.55. The stock has a market capitalization of $532.42 million, a price-to-earnings ratio of -2.67 and a beta of 1.29.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). The firm had revenue of $127.00 million during the quarter, compared to analysts’ expectations of $110.27 million. Brandywine Realty Trust had a negative net margin of 40.79% and a negative return on equity of 24.45%. As a group, sell-side analysts anticipate that Brandywine Realty Trust will post 0.56 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 22nd. Shareholders of record on Wednesday, July 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 10.4%. The ex-dividend date is Wednesday, July 8th. Brandywine Realty Trust’s dividend payout ratio (DPR) is -27.83%.

Institutional Trading of Brandywine Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Invesco Ltd. lifted its holdings in shares of Brandywine Realty Trust by 20.8% in the third quarter. Invesco Ltd. now owns 5,492,657 shares of the real estate investment trust’s stock valued at $22,904,000 after purchasing an additional 944,926 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Brandywine Realty Trust by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,488,275 shares of the real estate investment trust’s stock worth $16,026,000 after purchasing an additional 617,008 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Brandywine Realty Trust by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 4,635,453 shares of the real estate investment trust’s stock worth $13,537,000 after purchasing an additional 92,436 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Brandywine Realty Trust by 171.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,925,736 shares of the real estate investment trust’s stock worth $8,543,000 after purchasing an additional 1,849,532 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Brandywine Realty Trust by 7.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,804,116 shares of the real estate investment trust’s stock valued at $11,693,000 after buying an additional 195,429 shares in the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust (NYSE: BDN) is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high‐quality, transit‐oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live‐work‐play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.