Brandywine Realty Trust (NYSE:BDN) Shares Gap Down – Should You Sell?

Shares of Brandywine Realty Trust (NYSE:BDN) gapped down prior to trading on Wednesday . The stock had previously closed at $5.65, but opened at $5.47. Brandywine Realty Trust shares last traded at $5.51, with a volume of 203,995 shares changing hands.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BDN shares. StockNews.com upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. Evercore ISI raised their target price on shares of 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 Stock Performance

The stock’s 50 day simple moving average is $5.20 and its two-hundred day simple moving average is $4.80. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.73. The company has a market cap of $949.21 million, a PE ratio of -4.63 and a beta of 1.33.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.05). Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The firm had revenue of $125.30 million for the quarter, compared to analysts’ expectations of $119.47 million. During the same period last year, the firm earned $0.29 EPS. The business’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts anticipate that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 10.89%. The ex-dividend date of this dividend is Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio (DPR) is -49.18%.

Institutional Investors Weigh In On Brandywine Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Brandywine Realty Trust by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock worth $135,747,000 after buying an additional 651,299 shares during the period. Congress Asset Management Co. MA grew its holdings in Brandywine Realty Trust by 228.2% during the 4th quarter. Congress Asset Management Co. MA now owns 657,829 shares of the real estate investment trust’s stock worth $3,552,000 after acquiring an additional 457,424 shares in the last quarter. Lighthouse Investment Partners LLC grew its holdings in Brandywine Realty Trust by 50.6% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust’s stock worth $2,867,000 after acquiring an additional 215,000 shares in the last quarter. Swedbank AB acquired a new position in Brandywine Realty Trust during the 1st quarter worth $637,000. Finally, Point72 Asset Management L.P. grew its holdings in Brandywine Realty Trust by 7,435.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock worth $9,351,000 after acquiring an additional 2,059,542 shares in the last quarter. Hedge funds and other institutional investors 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.