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

StockNews.com upgraded shares of Brandywine Realty Trust (NYSE:BDN - Free Report) from a sell rating to a hold rating in a research note issued to investors on Saturday.

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

Brandywine Realty Trust Stock Performance

Shares of NYSE BDN traded down $0.10 during mid-day trading on Friday, hitting $5.51. The company had a trading volume of 959,327 shares, compared to its average volume of 1,898,399. Brandywine Realty Trust has a 12 month low of $3.85 and a 12 month high of $6.54. The stock has a market cap of $951.39 million, a price-to-earnings ratio of -3.06 and a beta of 1.35. 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's 50 day simple moving average is $5.51 and its two-hundred day simple moving average is $5.21.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its 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 net margin of 60.08% and a negative return on equity of 24.59%. The company had revenue of $117.96 million during the quarter, compared to the consensus estimate of $120.00 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The business's quarterly revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts forecast that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The business 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. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a yield of 10.89%. Brandywine Realty Trust's dividend payout ratio is presently -33.33%.

Institutional Trading of Brandywine Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Franklin Resources Inc. increased its position in shares of Brandywine Realty Trust by 222.4% during the 3rd quarter. Franklin Resources Inc. now owns 179,554 shares of the real estate investment trust's stock valued at $1,072,000 after purchasing an additional 123,856 shares during the period. Sanctuary Advisors LLC bought a new position in Brandywine Realty Trust during the third quarter valued at about $137,000. McIlrath & Eck LLC acquired a new position in Brandywine Realty Trust during the third quarter worth about $75,000. Coldstream Capital Management Inc. bought a new stake in Brandywine Realty Trust in the third quarter worth about $55,000. Finally, Barclays PLC lifted its holdings in Brandywine Realty Trust by 91.8% in the 3rd quarter. Barclays PLC now owns 460,039 shares of the real estate investment trust's stock valued at $2,502,000 after acquiring an additional 220,176 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors.

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.