Brandywine Realty Trust (NYSE:BDN) Reaches New 52-Week Low – Time to Sell?

Brandywine Realty Trust (NYSE:BDN) shares hit a new 52-week low on Thursday . The company traded as low as $4.05 and last traded at $4.05, with a volume of 937294 shares changing hands. The stock had previously closed at $4.34.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. 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, February 6th. StockNews.com downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 6th.

Brandywine Realty Trust Trading Down 7.0 %

The business has a 50-day moving average of $4.84 and a 200-day moving average of $5.28. The stock has a market capitalization of $698.34 million, a price-to-earnings ratio of -3.54 and a beta of 1.35. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. As a group, research analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.87%. The ex-dividend date is Thursday, April 3rd. Brandywine Realty Trust’s dividend payout ratio is currently -52.63%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Brandywine Realty Trust by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust’s stock valued at $159,620,000 after buying an additional 1,459,236 shares during the period. State Street Corp grew its position in Brandywine Realty Trust by 2.2% during the third quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust’s stock worth $55,880,000 after buying an additional 218,444 shares during the period. Yeomans Consulting Group Inc. acquired a new stake in shares of Brandywine Realty Trust during the 4th quarter valued at approximately $16,617,000. Invesco Ltd. grew its holdings in shares of Brandywine Realty Trust by 193.7% in the 4th quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust’s stock worth $15,748,000 after acquiring an additional 1,854,749 shares during the period. Finally, Millennium Management LLC increased its stake in Brandywine Realty Trust by 91.2% in the 4th quarter. Millennium Management LLC now owns 2,644,898 shares of the real estate investment trust’s stock valued at $14,811,000 after purchasing an additional 1,261,752 shares in the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Brandywine Realty Trust Company Profile

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.