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

StockNews.com downgraded shares of Brandywine Realty Trust (NYSE:BDN) from a hold rating to a sell rating in a research report report published on Friday.

Separately, Evercore ISI lifted their price target on Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a report on Monday, September 16th.

Brandywine Realty Trust Trading Up 0.9 %

BDN stock opened at $5.39 on Friday. The stock has a market cap of $930.67 million, a price-to-earnings ratio of -2.99 and a beta of 1.35. The company has a fifty day moving average price of $5.58 and a two-hundred day moving average price of $5.16. Brandywine Realty Trust has a one year low of $3.85 and a one year high of $6.54. 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 (NYSE:BDN) last announced 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 company had revenue of $117.96 million during the quarter, compared to analyst estimates 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 firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter last year, the company posted $0.29 EPS. Equities analysts anticipate that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Wednesday, January 8th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 11.13%. The ex-dividend date is Wednesday, January 8th. Brandywine Realty Trust’s dividend payout ratio is currently -33.33%.

Hedge Funds Weigh In On Brandywine Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quarry LP raised its stake in Brandywine Realty Trust by 752.5% in the third quarter. Quarry LP now owns 4,595 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 4,056 shares in the last quarter. Point72 DIFC Ltd acquired a new position in shares of Brandywine Realty Trust in the 2nd quarter valued at approximately $27,000. Sei Investments Co. bought a new stake in shares of Brandywine Realty Trust during the 2nd quarter worth approximately $48,000. EverSource Wealth Advisors LLC boosted its position in shares of Brandywine Realty Trust by 381.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 9,753 shares in the last quarter. Finally, Paloma Partners Management Co bought a new position in Brandywine Realty Trust in the third quarter valued at approximately $55,000. 87.27% of the stock is owned by institutional investors and hedge funds.

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.