Brandywine Realty Trust (NYSE:BDN) Shares Pass Above 200-Day Moving Average – Here’s Why

Brandywine Realty Trust (NYSE:BDN)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.03 and traded as high as $3.09. Brandywine Realty Trust shares last traded at $3.0750, with a volume of 1,418,947 shares.

Analyst Ratings Changes

A number of research firms have recently commented on BDN. Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, July 15th. Finally, Truist Financial reissued a “hold” rating and set a $3.00 price objective (down from $3.50) on shares of Brandywine Realty Trust in a research report on Monday, April 27th. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Brandywine Realty Trust presently has an average rating of “Reduce” and a consensus target price of $3.50.

Brandywine Realty Trust Stock Performance

The company has a market capitalization of $528.97 million, a PE ratio of -3.70 and a beta of 1.29. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.76. The business’s fifty day moving average is $3.13 and its two-hundred day moving average is $3.04.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.18) EPS for the quarter, meeting the consensus estimate of ($0.18). Brandywine Realty Trust had a negative return on equity of 18.52% and a negative net margin of 28.62%.The business had revenue of $128.92 million for the quarter, compared to the consensus estimate of $113.04 million. During the same period last year, the business posted ($0.51) EPS. Equities research analysts predict that Brandywine Realty Trust will post 0.56 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 10.6%. The ex-dividend date was Wednesday, July 8th. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -39.02%.

Hedge Funds Weigh In On Brandywine Realty Trust

Several hedge funds and other institutional investors have recently bought and sold shares of BDN. Creative Planning boosted its stake in shares of Brandywine Realty Trust by 23.9% during the second quarter. Creative Planning now owns 14,244 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 2,749 shares during the period. The Manufacturers Life Insurance Company increased its stake in Brandywine Realty Trust by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,773 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 2,781 shares during the period. Amundi increased its stake in Brandywine Realty Trust by 3.3% in the 3rd quarter. Amundi now owns 115,635 shares of the real estate investment trust’s stock worth $459,000 after buying an additional 3,653 shares during the period. 17 Capital Partners LLC lifted its holdings in Brandywine Realty Trust by 12.8% during the 3rd quarter. 17 Capital Partners LLC now owns 32,429 shares of the real estate investment trust’s stock valued at $135,000 after buying an additional 3,679 shares in the last quarter. Finally, Alps Advisors Inc. lifted its holdings in Brandywine Realty Trust by 6.1% during the 4th quarter. Alps Advisors Inc. now owns 72,742 shares of the real estate investment trust’s stock valued at $212,000 after buying an additional 4,189 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.

About Brandywine Realty Trust

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.