Brandywine Realty Trust (NYSE:BDN) Hits New 12-Month Low – Time to Sell?

Brandywine Realty Trust (NYSE:BDN) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $3.63 and last traded at $3.67, with a volume of 3726753 shares traded. The stock had previously closed at $3.89.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. StockNews.com lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Evercore ISI reduced their price target on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a report on Thursday, February 6th.

Brandywine Realty Trust Price Performance

The firm has a 50-day simple moving average of $4.69 and a 200-day simple moving average of $5.22. The firm has a market cap of $634.48 million, a P/E ratio of -3.22 and a beta of 1.32. The company has a current ratio of 2.26, a quick ratio of 1.74 and a debt-to-equity ratio of 2.12.

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

Brandywine Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 16.37%. Brandywine Realty Trust’s payout ratio is -52.63%.

Hedge Funds Weigh In On Brandywine Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the company. Yeomans Consulting Group Inc. purchased a new position in Brandywine Realty Trust during the 4th quarter worth $16,617,000. Kawa Capital Management Inc purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter worth about $14,713,000. Penn Capital Management Company LLC acquired a new position in shares of Brandywine Realty Trust during the fourth quarter valued at about $13,300,000. Invesco Ltd. raised its position 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 valued at $15,748,000 after purchasing an additional 1,854,749 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in 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 worth $159,620,000 after purchasing an additional 1,459,236 shares in the last quarter. 87.27% of the stock is owned by hedge funds and other 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.