Brandywine Realty Trust (NYSE:BDN) Downgraded to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Brandywine Realty Trust (NYSE:BDN) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.

Separately, Evercore ISI lowered their target price on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a research note on Thursday.

Brandywine Realty Trust Stock Down 3.2 %

Brandywine Realty Trust stock opened at $4.93 on Thursday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74. Brandywine Realty Trust has a 1-year low of $3.85 and a 1-year high of $6.54. The company’s 50-day moving average is $5.44 and its 200 day moving average is $5.36.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. Equities research analysts anticipate that Brandywine Realty Trust will post 0.91 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Wednesday, January 8th were paid a $0.15 dividend. The ex-dividend date was Wednesday, January 8th. This represents a $0.60 annualized dividend and a yield of 12.18%. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently -33.33%.

Institutional Investors Weigh In On Brandywine Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Sei Investments Co. purchased a new position in shares of Brandywine Realty Trust during the second quarter valued at $48,000. The Manufacturers Life Insurance Company increased its position in Brandywine Realty Trust by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,866 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 4,249 shares during the period. SG Americas Securities LLC increased its position in Brandywine Realty Trust by 210.0% during the 3rd quarter. SG Americas Securities LLC now owns 39,458 shares of the real estate investment trust’s stock valued at $215,000 after purchasing an additional 26,730 shares during the period. CWM LLC raised its holdings in shares of Brandywine Realty Trust by 10.8% in the 3rd quarter. CWM LLC now owns 26,063 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 2,540 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in shares of Brandywine Realty Trust in the 3rd quarter worth approximately $113,000. 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.