Brandywine Realty Trust (NYSE:BDN) Raised to Hold at Wall Street Zen

Key Points

• Brandywine Realty Trust has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a more optimistic outlook for the company's stock.
• The company's recent earnings report showed a missed earnings per share estimate at $0.15 compared to the expected $0.17, along with a significant negative return on equity of 32.12%.
• Brandywine Realty Trust has seen notable insider activity, with CEO Gerard H. Sweeney acquiring 61,576 shares, reflecting a commitment to the company's future despite recent financial challenges.

Wall Street Zen upgraded shares of Brandywine Realty Trust (NYSE:BDN - Free Report) from a sell rating to a hold rating in a report published on Saturday.

Brandywine Realty Trust Price Performance

Brandywine Realty Trust stock traded up $0.01 during trading on Friday, reaching $4.03. The company had a trading volume of 1,840,171 shares, compared to its average volume of 2,434,069. The firm's 50-day simple moving average is $4.27 and its 200 day simple moving average is $4.45. Brandywine Realty Trust has a 1-year low of $3.41 and a 1-year high of $6.54. The firm has a market capitalization of $696.12 million, a PE ratio of -2.14 and a beta of 1.42. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.95 and a current ratio of 2.97.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last released its quarterly 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 net margin of 65.33% and a negative return on equity of 32.12%. The company had revenue of $114.20 million during the quarter, compared to analyst estimates of $120.66 million. As a group, equities research analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, July 2nd were issued a $0.15 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $0.60 annualized dividend and a yield of 14.91%. Brandywine Realty Trust's dividend payout ratio (DPR) is currently -31.91%.

Insider Transactions at Brandywine Realty Trust

In related news, CEO Gerard H. Sweeney acquired 61,576 shares of Brandywine Realty Trust stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average cost of $4.07 per share, for a total transaction of $250,614.32. Following the acquisition, the chief executive officer owned 2,949,092 shares in the company, valued at approximately $12,002,804.44. This represents a 2.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 3.30% of the company's stock.

Institutional Trading of Brandywine Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Signaturefd LLC purchased a new stake in Brandywine Realty Trust during the first quarter worth about $27,000. Headlands Technologies LLC increased its stake in Brandywine Realty Trust by 64.1% during the fourth quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 2,441 shares during the period. Breakthru Advisory Services LLC purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter worth approximately $56,000. US Bancorp DE increased its stake in shares of Brandywine Realty Trust by 135.0% during the first quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust's stock worth $59,000 after buying an additional 7,624 shares during the period. Finally, Tidal Investments LLC purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter worth approximately $60,000. 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.