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

StockNews.com lowered shares of Brandywine Realty Trust (NYSE:BDN - Free Report) from a hold rating to a sell rating in a research report report published on Thursday.

Separately, Evercore ISI cut their price objective on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating on the stock in a report on Thursday.

Brandywine Realty Trust Trading Down 0.1 %

BDN stock traded down $0.01 during midday trading on Thursday, reaching $4.95. 1,558,040 shares of the company's stock traded hands, compared to its average volume of 2,679,669. Brandywine Realty Trust has a fifty-two week low of $3.85 and a fifty-two week high of $6.54. The business has a 50-day moving average price of $5.43 and a two-hundred day moving average price of $5.37. The company has a market capitalization of $855.41 million, a P/E ratio of -4.35 and a beta of 1.34. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 EPS for the quarter, topping the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. Equities research analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Wednesday, January 8th were given a $0.15 dividend. The ex-dividend date was Wednesday, January 8th. This represents a $0.60 annualized dividend and a yield of 12.11%. Brandywine Realty Trust's dividend payout ratio is presently -52.63%.

Hedge Funds Weigh In On Brandywine Realty Trust

Several large investors have recently bought and sold shares of BDN. Yeomans Consulting Group Inc. bought a new position in shares of Brandywine Realty Trust in the fourth quarter valued at approximately $16,617,000. New York State Common Retirement Fund boosted its position in shares of Brandywine Realty Trust by 2,688.7% during the 4th quarter. New York State Common Retirement Fund now owns 1,138,791 shares of the real estate investment trust's stock valued at $6,377,000 after purchasing an additional 1,097,955 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Brandywine Realty Trust in the 3rd quarter worth approximately $2,546,000. Brookfield Corp ON bought a new stake in shares of Brandywine Realty Trust in the 3rd quarter worth approximately $2,314,000. Finally, Segall Bryant & Hamill LLC acquired a new stake in Brandywine Realty Trust during the third quarter valued at approximately $1,937,000. Institutional investors and hedge funds own 87.27% of the company's stock.

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.