Brandywine Realty Trust (NYSE:BDN) Hits New 1-Year High – What’s Next?

Brandywine Realty Trust (NYSE:BDN)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $6.54 and last traded at $6.48, with a volume of 158569 shares trading hands. The stock had previously closed at $6.53.

Wall Street Analyst Weigh In

BDN has been the subject of a number of recent analyst reports. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. Evercore ISI lifted their price target on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research report on Monday, September 16th.

Brandywine Realty Trust Stock Performance

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 firm has a market capitalization of $1.11 billion, a PE ratio of -5.35 and a beta of 1.33. The firm has a 50-day moving average price of $5.38 and a 200 day moving average price of $4.88.

Brandywine Realty Trust (NYSE:BDN) last announced its 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 firm had revenue of $125.30 million for the quarter, compared to analysts’ expectations of $119.47 million. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 earnings per share. Research analysts expect that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently announced 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 9.33%. The ex-dividend date of this dividend is Wednesday, October 9th. Brandywine Realty Trust’s payout ratio is currently -49.18%.

Institutional Investors Weigh In On Brandywine Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the business. Point72 DIFC Ltd purchased a new stake in shares of Brandywine Realty Trust during the second quarter worth $27,000. Sei Investments Co. purchased a new position in shares of Brandywine Realty Trust during the second quarter worth approximately $48,000. EverSource Wealth Advisors LLC increased its holdings 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 valued at $55,000 after acquiring an additional 9,753 shares during the period. Bayesian Capital Management LP acquired a new position in shares of Brandywine Realty Trust in the 1st quarter valued at $56,000. Finally, EntryPoint Capital LLC raised its position in Brandywine Realty Trust by 811.8% in the 1st 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 during the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

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.