Brandywine Realty Trust (NYSE:BDN) Trading 5.3% Higher - Time to Buy?

Key Points

• Brandywine Realty Trust's share price rose by 5.3% to $3.88, with trading volume increasing by 32% compared to the average session.
• Analysts have mixed ratings on the stock, with Evercore ISI raising its target price to $5.00, while Weiss Ratings maintains a "sell" rating and Truist Financial downgraded to "hold" with a target of $4.00.
• The company announced a quarterly dividend of $0.08 per share, translating to an annualized yield of 8.3%, though it has a negative dividend payout ratio.

Brandywine Realty Trust (NYSE:BDN - Get Free Report)'s share price traded up 5.3% during mid-day trading on Wednesday . The company traded as high as $3.89 and last traded at $3.88. 3,173,068 shares traded hands during trading, an increase of 32% from the average session volume of 2,408,214 shares. The stock had previously closed at $3.68.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Evercore ISI upped their target price on shares of Brandywine Realty Trust from $4.50 to $5.00 and gave the company an "in-line" rating in a research report on Monday, September 29th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Brandywine Realty Trust in a research report on Wednesday, October 8th. Truist Financial downgraded shares of Brandywine Realty Trust from a "buy" rating to a "hold" rating and cut their price target for the company from $5.00 to $4.00 in a research report on Tuesday, September 16th. Finally, Wall Street Zen upgraded shares of Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $4.50.

Brandywine Realty Trust Trading Up 4.8%

The business has a 50 day moving average of $4.15 and a 200-day moving average of $4.13. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $669.61 million, a P/E ratio of -2.05 and a beta of 1.45.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). Brandywine Realty Trust had a negative return on equity of 32.12% and a negative net margin of 65.33%.The business had revenue of $114.20 million for the quarter, compared to the consensus estimate of $120.66 million. Analysts anticipate that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Thursday, October 9th. Brandywine Realty Trust's dividend payout ratio is presently -17.02%.

Institutional Trading of Brandywine Realty Trust

A number of large investors have recently bought and sold shares of BDN. Signaturefd LLC bought a new stake in Brandywine Realty Trust during the 1st quarter worth approximately $27,000. US Bancorp DE raised its holdings in shares of Brandywine Realty Trust by 135.0% in the first quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 7,624 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Brandywine Realty Trust by 48.5% during the second quarter. Coldstream Capital Management Inc. now owns 14,042 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 4,588 shares during the last quarter. Creative Planning boosted its holdings in Brandywine Realty Trust by 23.9% during the second quarter. Creative Planning now owns 14,244 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 2,749 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its holdings in Brandywine Realty Trust by 146.6% during the second quarter. Tower Research Capital LLC TRC now owns 14,625 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 8,694 shares during 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.