Brandywine Realty Trust (NYSE:BDN) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Brandywine Realty Trust (NYSE:BDN) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.28 and traded as high as $5.40. Brandywine Realty Trust shares last traded at $5.36, with a volume of 3,234,120 shares trading hands.

Wall Street Analyst Weigh In

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

Brandywine Realty Trust Stock Performance

The company has a fifty day moving average of $5.48 and a two-hundred day moving average of $5.28. The firm has a market capitalization of $924.63 million, a price-to-earnings ratio of -2.98 and a beta of 1.34. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.74 and a current ratio of 1.74.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. The firm had revenue of $117.96 million for the quarter, compared to analyst estimates of $120.00 million. During the same period in the prior year, the business posted $0.29 EPS. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, equities research analysts predict that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Wednesday, January 8th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.20%. Brandywine Realty Trust’s payout ratio is presently -33.33%.

Institutional Investors Weigh In On Brandywine Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in BDN. State Street Corp increased 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 worth $55,880,000 after purchasing an additional 218,444 shares during the period. Yeomans Consulting Group Inc. acquired a new position in shares of Brandywine Realty Trust in the 4th quarter valued at approximately $16,617,000. Dimensional Fund Advisors LP lifted its holdings in shares of Brandywine Realty Trust by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust’s stock worth $11,847,000 after acquiring an additional 91,852 shares during the period. Point72 Asset Management L.P. boosted its position in shares of Brandywine Realty Trust by 7,435.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock worth $9,351,000 after acquiring an additional 2,059,542 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Brandywine Realty Trust by 5.9% in the fourth quarter. Nordea Investment Management AB now owns 1,270,156 shares of the real estate investment trust’s stock valued at $7,164,000 after acquiring an additional 70,985 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

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.