Brandywine Realty Trust (NYSE:BDN) Trading 4.7% Higher – Still a Buy?

Brandywine Realty Trust (NYSE:BDN) rose 4.7% during mid-day trading on Tuesday . The stock traded as high as $6.25 and last traded at $6.25. Approximately 1,672,811 shares traded 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.

Analyst Upgrades and Downgrades

Several analysts recently commented on BDN shares. Evercore ISI raised their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th.

Brandywine Realty Trust Stock Up 2.2 %

The company has a debt-to-equity ratio of 1.73, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $1.10 billion, a P/E ratio of -5.22 and a beta of 1.33. The firm’s fifty day moving average price is $5.35 and its 200-day moving average price is $4.86.

Brandywine Realty Trust (NYSE:BDN) last issued 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). Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The firm 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 business posted $0.29 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year. As a group, equities research analysts forecast that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 9.43%. The ex-dividend date of this dividend is Wednesday, October 9th. Brandywine Realty Trust’s payout ratio is -49.18%.

Institutional Trading of Brandywine Realty Trust

A number of large investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in shares of Brandywine Realty Trust in the second quarter valued at $27,000. Sei Investments Co. acquired a new position in shares of Brandywine Realty Trust in the 2nd quarter worth $48,000. EverSource Wealth Advisors LLC raised its position in shares of Brandywine Realty Trust by 381.7% during the second quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 9,753 shares during the period. Bayesian Capital Management LP purchased a new stake in shares of Brandywine Realty Trust during the first quarter valued at $56,000. Finally, EntryPoint Capital LLC lifted its holdings in shares of Brandywine Realty Trust by 811.8% during the first quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 12,437 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors.

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.