Brandywine Realty Trust (NYSE:BDN) Sets New 12-Month Low - Here's What Happened

Brandywine Realty Trust (NYSE:BDN - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $4.05 and last traded at $4.05, with a volume of 937294 shares trading hands. The stock had previously closed at $4.34.

Wall Street Analyst Weigh In

Several research firms have recently commented on BDN. StockNews.com lowered Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Evercore ISI lowered their price target on Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating for the company in a research note on Thursday, February 6th.

Brandywine Realty Trust Trading Down 5.8 %

The stock has a market cap of $634.48 million, a P/E ratio of -3.22 and a beta of 1.32. The business's 50 day simple moving average is $4.76 and its 200 day simple moving average is $5.25. 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 announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.17 EPS for the quarter, beating analysts' consensus estimates 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%. On average, analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 16.37%. Brandywine Realty Trust's dividend payout ratio is presently -52.63%.

Institutional Investors Weigh In On Brandywine Realty Trust

Several hedge funds have recently added to or reduced their stakes in BDN. Quarry LP raised its position 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 in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Brandywine Realty Trust in the fourth quarter worth approximately $26,000. US Bancorp DE grew its holdings in Brandywine Realty Trust by 11,198.0% during the 4th quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust's stock worth $32,000 after acquiring an additional 5,599 shares during the period. Headlands Technologies LLC increased its stake in shares of Brandywine Realty Trust by 64.1% in the 4th quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 2,441 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Brandywine Realty Trust by 360.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 8,248 shares of the real estate investment trust's stock worth $45,000 after buying an additional 6,457 shares during the period. 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.