Brandywine Realty Trust (NYSE:BDN) Sets New 12-Month High - Should You Buy?

Brandywine Realty Trust (NYSE:BDN - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as $6.54 and last traded at $6.48, with a volume of 158569 shares changing hands. The stock had previously closed at $6.53.

Analyst Ratings Changes

Several research firms have commented on BDN. Evercore ISI lifted their price objective on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th. StockNews.com raised shares of Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, July 25th.

Brandywine Realty Trust Stock Down 1.8 %

The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73. The company has a 50-day simple moving average of $5.38 and a 200 day simple moving average of $4.88. The company has a market cap of $1.11 billion, a P/E ratio of -5.26 and a beta of 1.33.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.05). The company had revenue of $125.30 million during the quarter, compared to the consensus estimate of $119.47 million. Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The company's revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 earnings per share. On average, equities analysts anticipate that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 9.35%. Brandywine Realty Trust's dividend payout ratio (DPR) is currently -49.18%.

Institutional Investors Weigh In On Brandywine Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of BDN. Point72 DIFC Ltd purchased a new position in shares of Brandywine Realty Trust during the second quarter valued at $27,000. Sei Investments Co. purchased a new position in Brandywine Realty Trust during the 2nd quarter valued at about $48,000. Bayesian Capital Management LP bought a new stake in shares of Brandywine Realty Trust in the 1st quarter valued at about $56,000. EverSource Wealth Advisors LLC lifted its position in shares of Brandywine Realty Trust by 381.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 9,753 shares during the period. Finally, EntryPoint Capital LLC boosted its stake in shares of Brandywine Realty Trust by 811.8% during the first quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 12,437 shares in the last quarter. 87.27% of the stock is 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.