Brandywine Realty Trust (NYSE:BDN) Trading 4.7% Higher – Time to Buy?

Brandywine Realty Trust (NYSE:BDN)’s share price rose 4.7% on Tuesday . The company traded as high as $6.25 and last traded at $6.25. Approximately 1,672,811 shares changed hands during trading, a decline of 9% from the average daily volume of 1,840,399 shares. The stock had previously closed at $5.97.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Evercore ISI lifted their price objective on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th.

Brandywine Realty Trust Stock Up 3.9 %

The firm’s fifty day moving average is $5.26 and its 200-day moving average is $4.83. The company has a market capitalization of $1.07 billion, a P/E ratio of -5.08 and a beta of 1.33. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The company had revenue of $125.30 million for the quarter, compared to the consensus estimate of $119.47 million. During the same period in the previous year, the firm posted $0.29 EPS. The business’s quarterly revenue was down .5% compared to the same quarter last year. As a group, equities research analysts predict that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.68%. The ex-dividend date of this dividend is Wednesday, October 9th. Brandywine Realty Trust’s payout ratio is -49.18%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BDN. Swedbank AB grew its holdings in Brandywine Realty Trust by 26.9% during the 3rd quarter. Swedbank AB now owns 128,131 shares of the real estate investment trust’s stock worth $697,000 after acquiring an additional 27,194 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in shares of Brandywine Realty Trust in the third quarter worth $113,000. CWM LLC increased its holdings in Brandywine Realty Trust by 10.8% in the third quarter. CWM LLC now owns 26,063 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 2,540 shares during the period. SG Americas Securities LLC raised its position in Brandywine Realty Trust by 210.0% during the 3rd quarter. SG Americas Securities LLC now owns 39,458 shares of the real estate investment trust’s stock worth $215,000 after purchasing an additional 26,730 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Brandywine Realty Trust during the 2nd quarter worth about $27,000. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Company Profile

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.