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 note issued to investors on Saturday.

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

Brandywine Realty Trust Price Performance

BDN stock opened at $5.49 on Friday. The business’s 50-day moving average is $5.51 and its two-hundred day moving average is $5.21. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a market capitalization of $947.94 million, a P/E ratio of -3.05 and a beta of 1.35. Brandywine Realty Trust has a 1 year low of $3.85 and a 1 year high of $6.54.

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 firm had revenue of $117.96 million during the quarter, compared to analysts’ expectations of $120.00 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. 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 given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.93%. The ex-dividend date is Wednesday, January 8th. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently -33.33%.

Institutional Investors Weigh In On Brandywine Realty Trust

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