StockNews.com Downgrades Brandywine Realty Trust (NYSE:BDN) to Sell

StockNews.com lowered shares of Brandywine Realty Trust (NYSE:BDN) from a hold rating to a sell rating in a research note released on Friday morning.

Separately, Evercore ISI increased 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 report on Monday, September 16th.

Brandywine Realty Trust Stock Performance

Shares of NYSE BDN opened at $5.39 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74. Brandywine Realty Trust has a 1 year low of $3.85 and a 1 year high of $6.54. The firm has a fifty day moving average price of $5.58 and a 200-day moving average price of $5.17. The stock has a market cap of $930.67 million, a PE ratio of -2.99 and a beta of 1.35.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. The business had revenue of $117.96 million during the quarter, compared to analysts’ expectations of $120.00 million. During the same quarter in the previous year, the company posted $0.29 EPS. The company’s quarterly revenue was down 3.0% on a year-over-year basis. Equities analysts anticipate that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Wednesday, January 8th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 annualized dividend and a dividend yield of 11.13%. Brandywine Realty Trust’s dividend payout ratio (DPR) is -33.33%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp increased its stake in Brandywine Realty Trust by 2.2% during the third quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust’s stock worth $55,880,000 after acquiring an additional 218,444 shares during the last quarter. Lighthouse Investment Partners LLC lifted its holdings in shares of Brandywine Realty Trust by 50.6% in the 2nd quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust’s stock worth $2,867,000 after acquiring an additional 215,000 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Brandywine Realty Trust during the 3rd quarter worth about $2,546,000. Point72 Asset Management L.P. grew its holdings in Brandywine Realty Trust by 7,435.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock valued at $9,351,000 after purchasing an additional 2,059,542 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Brandywine Realty Trust by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust’s stock worth $11,847,000 after purchasing an additional 91,852 shares during the last quarter. 87.27% of the stock is owned by hedge funds and other 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.