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

Brandywine Realty Trust (NYSE:BDN) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Brandywine Realty Trust Stock Up 4.5 %

BDN stock traded up $0.21 during trading on Thursday, hitting $4.89. 1,913,862 shares of the stock traded hands, compared to its average volume of 1,874,432. The firm’s 50 day moving average is $4.58 and its two-hundred day moving average is $4.58. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market cap of $842.40 million, a price-to-earnings ratio of -4.01 and a beta of 1.33. Brandywine Realty Trust has a 1 year low of $3.62 and a 1 year high of $5.67.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The company had revenue of $125.30 million for the quarter, compared to analysts’ expectations of $119.47 million. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 11.98%. The business’s revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 EPS. On average, sell-side analysts anticipate that Brandywine Realty Trust will post 0.93 EPS for the current year.

Hedge Funds Weigh In On Brandywine Realty Trust

Several institutional investors have recently made changes to their positions in BDN. SG Americas Securities LLC lifted its stake in shares of Brandywine Realty Trust by 3.0% in the 4th quarter. SG Americas Securities LLC now owns 113,149 shares of the real estate investment trust’s stock worth $611,000 after purchasing an additional 3,263 shares during the period. Asset Management One Co. Ltd. lifted its stake in shares of Brandywine Realty Trust by 2.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 265,773 shares of the real estate investment trust’s stock worth $1,462,000 after purchasing an additional 6,829 shares during the period. International Assets Investment Management LLC bought a new position in shares of Brandywine Realty Trust in the 4th quarter worth approximately $1,570,000. DekaBank Deutsche Girozentrale lifted its stake in shares of Brandywine Realty Trust by 79.1% in the 4th quarter. DekaBank Deutsche Girozentrale now owns 80,395 shares of the real estate investment trust’s stock worth $432,000 after purchasing an additional 35,495 shares during the period. Finally, Nisa Investment Advisors LLC raised its stake in Brandywine Realty Trust by 6.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 93,939 shares of the real estate investment trust’s stock worth $507,000 after acquiring an additional 5,732 shares during the period. 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.