Brandywine Realty Trust (NYSE:BDN) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Brandywine Realty Trust shares rose above their 200-day moving average, reaching $3.23 before closing at $3.1050; the 200-day average is $3.04.
• Analysts maintain a cautious view, with three Hold and three Sell ratings, resulting in a consensus “Reduce” rating and an average price target of $3.50.
• The REIT’s latest quarterly results matched expectations with a loss of $0.18 per share, while revenue of $128.92 million exceeded estimates of $113.04 million; institutional investors own 87.27% of its shares.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.04 and traded as high as $3.23. Brandywine Realty Trust shares last traded at $3.1050, with a volume of 1,235,199 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently commented on BDN shares. Weiss Ratings reissued a "sell (d-)" rating on shares of Brandywine Realty Trust in a report on Wednesday, July 15th. Wall Street Zen raised shares of Brandywine Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, July 26th. Three investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $3.50.

Brandywine Realty Trust Stock Performance

The stock has a 50-day simple moving average of $3.13 and a 200 day simple moving average of $3.04. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market capitalization of $542.07 million, a PE ratio of -3.79 and a beta of 1.29.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18). The company had revenue of $128.92 million for the quarter, compared to analyst estimates of $113.04 million. Brandywine Realty Trust had a negative return on equity of 18.52% and a negative net margin of 28.62%.During the same quarter in the prior year, the company earned ($0.51) earnings per share. Equities analysts anticipate that Brandywine Realty Trust will post 0.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Brandywine Realty Trust

Several hedge funds have recently added to or reduced their stakes in BDN. Amundi grew its position in shares of Brandywine Realty Trust by 2.2% in the first quarter. Amundi now owns 176,372 shares of the real estate investment trust's stock valued at $787,000 after purchasing an additional 3,794 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Brandywine Realty Trust by 11.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,274,556 shares of the real estate investment trust's stock worth $5,685,000 after purchasing an additional 130,811 shares during the last quarter. Strs Ohio purchased a new stake in Brandywine Realty Trust in the 1st quarter valued at approximately $136,000. Creative Planning lifted its stake in Brandywine Realty Trust by 23.9% in the 2nd quarter. Creative Planning now owns 14,244 shares of the real estate investment trust's stock valued at $61,000 after buying an additional 2,749 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Brandywine Realty Trust by 95.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 829,246 shares of the real estate investment trust's stock valued at $3,557,000 after buying an additional 405,447 shares during the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Brandywine Realty Trust Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source