Brandywine Realty Trust (NYSE:BDN) Hits New 1-Year High – Should You Buy?

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

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Evercore ISI increased their price objective on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a report on Monday, September 16th. StockNews.com upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

Brandywine Realty Trust Stock Performance

The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73. The firm’s fifty day moving average price is $5.42 and its two-hundred day moving average price is $4.89. The stock has a market capitalization of $1.08 billion, a PE ratio of -5.14 and a beta of 1.33.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The firm had revenue of $125.30 million during the quarter, compared to analysts’ expectations of $119.47 million. During the same period in the previous year, the firm posted $0.29 EPS. The firm’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities research analysts forecast that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a yield of 9.57%. Brandywine Realty Trust’s dividend payout ratio is currently -49.18%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Quadrature Capital Ltd purchased a new position in Brandywine Realty Trust in the 4th quarter valued at about $272,000. Scharf Investments LLC raised its holdings in shares of Brandywine Realty Trust by 18.8% during the first quarter. Scharf Investments LLC now owns 17,038 shares of the real estate investment trust’s stock valued at $82,000 after acquiring an additional 2,700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Brandywine Realty Trust by 1.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 208,133 shares of the real estate investment trust’s stock valued at $999,000 after acquiring an additional 2,719 shares in the last quarter. Abundance Wealth Counselors boosted its stake in shares of Brandywine Realty Trust by 69.8% in the first quarter. Abundance Wealth Counselors now owns 78,491 shares of the real estate investment trust’s stock worth $377,000 after acquiring an additional 32,258 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its position in shares of Brandywine Realty Trust by 53.0% during the first quarter. First Trust Direct Indexing L.P. now owns 26,849 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 9,304 shares in the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

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.