Brandywine Realty Trust (NYSE:BDN) Shares Gap Up to $4.27

Brandywine Realty Trust (NYSE:BDN) gapped up prior to trading on Thursday . The stock had previously closed at $4.27, but opened at $4.39. Brandywine Realty Trust shares last traded at $4.23, with a volume of 226,888 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Truist Financial reduced their price objective on Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Brandywine Realty Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $5.50 price objective on the stock. Finally, StockNews.com lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Brandywine Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $5.63.

Brandywine Realty Trust Stock Up 3.3 %

The firm has a 50-day moving average of $4.36 and a 200 day moving average of $4.51. The stock has a market capitalization of $754.54 million, a price-to-earnings ratio of -3.59 and a beta of 1.27. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.62.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Thursday, April 18th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.34). The company had revenue of $126.50 million for the quarter, compared to analyst estimates of $122.83 million. Brandywine Realty Trust had a negative return on equity of 14.19% and a negative net margin of 40.61%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. On average, sell-side analysts anticipate that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 13.70%. The ex-dividend date was Wednesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -49.18%.

Institutional Investors Weigh In On Brandywine Realty Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in Brandywine Realty Trust by 9.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,672,905 shares of the real estate investment trust’s stock worth $21,215,000 after purchasing an additional 389,373 shares during the last quarter. Bramshill Investments LLC increased its holdings in Brandywine Realty Trust by 159.8% during the 3rd quarter. Bramshill Investments LLC now owns 280,655 shares of the real estate investment trust’s stock worth $1,274,000 after purchasing an additional 172,632 shares during the last quarter. Asset Management One Co. Ltd. increased its holdings in Brandywine Realty Trust by 2.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 265,773 shares of the real estate investment trust’s stock worth $1,462,000 after purchasing an additional 6,829 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Brandywine Realty Trust by 1,832.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,484,966 shares of the real estate investment trust’s stock worth $6,742,000 after purchasing an additional 1,408,138 shares during the last quarter. Finally, Algert Global LLC increased its holdings in Brandywine Realty Trust by 21.8% during the 3rd quarter. Algert Global LLC now owns 921,443 shares of the real estate investment trust’s stock worth $4,183,000 after purchasing an additional 165,090 shares during the last quarter. 87.27% of the stock is currently owned by hedge funds and other 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.