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

StockNews.com upgraded shares of Brandywine Realty Trust (NYSE:BDN) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Separately, Evercore ISI boosted their price target on 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.

Brandywine Realty Trust Trading Down 1.8 %

NYSE:BDN opened at $5.51 on Friday. Brandywine Realty Trust has a 52 week low of $3.85 and a 52 week high of $6.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.74 and a current ratio of 1.74. The firm’s fifty day moving average is $5.51 and its 200-day moving average is $5.21. The firm has a market cap of $951.39 million, a P/E ratio of -3.06 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) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). The firm had revenue of $117.96 million for the quarter, compared to the consensus estimate of $120.00 million. Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.29 EPS. Equities analysts expect that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Wednesday, January 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.89%. The ex-dividend date is Wednesday, January 8th. Brandywine Realty Trust’s payout ratio is -33.33%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP increased its holdings in shares of Brandywine Realty Trust by 752.5% during the third quarter. Quarry LP now owns 4,595 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 4,056 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Brandywine Realty Trust in the 2nd quarter valued at $27,000. Sei Investments Co. bought a new stake in Brandywine Realty Trust during the 2nd quarter valued at $48,000. EverSource Wealth Advisors LLC raised its holdings in 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 buying an additional 9,753 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Brandywine Realty Trust in the third quarter valued at $55,000. 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.