Brandywine Realty Trust (NYSE:BDN) Shares Gap Up to $4.27

Brandywine Realty Trust (NYSE:BDN) shares gapped up prior to trading on Thursday . The stock had previously closed at $4.27, but opened at $4.39. Brandywine Realty Trust shares last traded at $4.23, with a volume of 226,888 shares changing hands.

Analyst Upgrades and Downgrades

BDN has been the subject of several recent analyst reports. Truist Financial reduced their target price on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. StockNews.com downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Brandywine Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $5.50 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $5.63.

Brandywine Realty Trust Price Performance

The firm has a market cap of $740.76 million, a PE ratio of -3.78 and a beta of 1.27. The stock’s fifty day moving average price is $4.36 and its 200-day moving average price is $4.52. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.15 and a current ratio of 2.15.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Thursday, April 18th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.34). The company had revenue of $126.50 million for the quarter, compared to analyst estimates of $122.83 million. Brandywine Realty Trust had a negative net margin of 38.24% and a negative return on equity of 13.15%. Brandywine Realty Trust’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share. As a group, equities analysts forecast that Brandywine Realty Trust will post 0.93 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 13.95%. The ex-dividend date of this dividend is Wednesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is -52.17%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. State of Wyoming boosted its position in shares of Brandywine Realty Trust by 49.2% in the 2nd quarter. State of Wyoming now owns 7,031 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 2,320 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Brandywine Realty Trust by 86.0% during the third quarter. Tower Research Capital LLC TRC now owns 7,092 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 3,279 shares during the last quarter. Point72 Middle East FZE purchased a new stake in shares of Brandywine Realty Trust in the fourth quarter valued at about $51,000. Sage Rhino Capital LLC acquired a new stake in shares of Brandywine Realty Trust in the third quarter valued at approximately $46,000. Finally, Sei Investments Co. acquired a new stake in shares of Brandywine Realty Trust in the first quarter valued at approximately $49,000. 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 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.