Brandywine Realty Trust (NYSE:BDN) Shares Gap Down – Time to Sell?

Brandywine Realty Trust (NYSE:BDN)’s share price gapped down prior to trading 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 changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 28th.

Brandywine Realty Trust Stock Down 5.3 %

The firm has a market cap of $876.30 million, a P/E ratio of -2.82 and a beta of 1.34. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.05. The firm has a fifty day moving average of $5.47 and a 200-day moving average of $5.37.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share (EPS) 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%. On average, equities research analysts anticipate that Brandywine Realty Trust will post 0.91 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Wednesday, January 8th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 11.82%. The ex-dividend date of this dividend was Wednesday, January 8th. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -33.33%.

Hedge Funds Weigh In On Brandywine Realty Trust

A number of institutional investors have recently bought and sold shares of BDN. State Street Corp grew its position in shares of Brandywine Realty Trust by 2.2% in the third quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust’s stock valued at $55,880,000 after purchasing an additional 218,444 shares during the last quarter. Yeomans Consulting Group Inc. acquired a new stake in Brandywine Realty Trust during the fourth quarter worth approximately $16,617,000. Nordea Investment Management AB grew its position in Brandywine Realty Trust by 5.9% during the fourth quarter. Nordea Investment Management AB now owns 1,270,156 shares of the real estate investment trust’s stock worth $7,164,000 after buying an additional 70,985 shares in the last quarter. New York State Common Retirement Fund grew its position in Brandywine Realty Trust by 2,688.7% during the fourth quarter. New York State Common Retirement Fund now owns 1,138,791 shares of the real estate investment trust’s stock worth $6,377,000 after buying an additional 1,097,955 shares in the last quarter. Finally, Systematic Financial Management LP lifted its stake in Brandywine Realty Trust by 36.4% during the third quarter. Systematic Financial Management LP now owns 954,325 shares of the real estate investment trust’s stock worth $5,192,000 after purchasing an additional 254,825 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

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.