Brandywine Realty Trust (NYSE:BDN) Stock Passes Above 200-Day Moving Average – What’s Next?

Shares of Brandywine Realty Trust (NYSE:BDN) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $3.01 and traded as high as $3.22. Brandywine Realty Trust shares last traded at $3.1850, with a volume of 2,015,393 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BDN. Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Truist Financial reissued a “hold” rating and issued a $3.00 price objective (down from $3.50) on shares of Brandywine Realty Trust in a report on Monday, April 27th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $3.50.

Brandywine Realty Trust Trading Up 2.1%

The firm has a market cap of $553.27 million, a price-to-earnings ratio of -2.77 and a beta of 1.30. The company has a fifty day moving average price of $2.91 and a 200-day moving average price of $3.01. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.55.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.10). The company had revenue of $127.00 million during the quarter, compared to analyst estimates of $110.27 million. Brandywine Realty Trust had a negative net margin of 40.79% and a negative return on equity of 24.45%. As a group, research analysts expect that Brandywine Realty Trust will post 0.56 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $0.32 dividend on an annualized basis and a yield of 10.0%. Brandywine Realty Trust’s dividend payout ratio is presently -27.83%.

Hedge Funds Weigh In On Brandywine Realty Trust

A number of large investors have recently bought and sold shares of the business. Invesco Ltd. raised its holdings in Brandywine Realty Trust by 20.8% in the 3rd quarter. Invesco Ltd. now owns 5,492,657 shares of the real estate investment trust’s stock worth $22,904,000 after purchasing an additional 944,926 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Brandywine Realty Trust by 12.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,488,275 shares of the real estate investment trust’s stock worth $16,026,000 after purchasing an additional 617,008 shares during the period. Geode Capital Management LLC raised its holdings in Brandywine Realty Trust by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 4,635,453 shares of the real estate investment trust’s stock worth $13,537,000 after purchasing an additional 92,436 shares during the period. Goldman Sachs Group Inc. raised its holdings in Brandywine Realty Trust by 171.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,925,736 shares of the real estate investment trust’s stock worth $8,543,000 after purchasing an additional 1,849,532 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Brandywine Realty Trust by 7.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,804,116 shares of the real estate investment trust’s stock worth $11,693,000 after purchasing an additional 195,429 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

About Brandywine Realty Trust

Brandywine Realty Trust (NYSE: BDN) is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high‐quality, transit‐oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live‐work‐play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.