Brandywine Realty Trust (NYSE:BDN) Shares Gap Down – Here’s What Happened

Brandywine Realty Trust (NYSE:BDN)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $5.36, but opened at $5.07. Brandywine Realty Trust shares last traded at $4.99, with a volume of 358,060 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BDN shares. StockNews.com lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday. Evercore ISI cut 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 report on Thursday.

Brandywine Realty Trust Trading Up 0.5 %

The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $855.93 million, a price-to-earnings ratio of -2.75 and a beta of 1.34. The business has a fifty day moving average price of $5.44 and a 200 day moving average price of $5.36.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 EPS for the quarter, beating the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. On average, equities analysts expect that Brandywine Realty Trust will post 0.91 EPS for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Wednesday, January 8th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a yield of 12.10%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -33.33%.

Institutional Trading of Brandywine Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Yeomans Consulting Group Inc. acquired a new position in shares of Brandywine Realty Trust during the fourth quarter worth approximately $16,617,000. New York State Common Retirement Fund lifted its stake in Brandywine Realty Trust by 2,688.7% in the fourth quarter. New York State Common Retirement Fund now owns 1,138,791 shares of the real estate investment trust’s stock valued at $6,377,000 after buying an additional 1,097,955 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Brandywine Realty Trust during the 3rd quarter worth approximately $2,546,000. Brookfield Corp ON bought a new stake in Brandywine Realty Trust in the third quarter valued at approximately $2,314,000. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Brandywine Realty Trust in the 3rd quarter valued at $1,937,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.

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.