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

by · The Markets Daily

Brandywine Realty Trust (NYSE:BDN – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.23 and last traded at $3.2350, with a volume of 1314327 shares changing hands. The stock had previously closed at $3.32.

Analyst Upgrades and Downgrades

BDN has been the subject of a number of research analyst reports. Truist Financial downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $5.00 to $4.00 in a research report on Tuesday, September 16th. Wall Street Zen downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. KeyCorp downgraded Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday. Evercore ISI cut their target price on shares of Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating on the stock in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Brandywine Realty Trust in a report on Monday, November 24th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Brandywine Realty Trust currently has an average rating of “Reduce” and a consensus target price of $4.00.

Read Our Latest Stock Report on BDN

Brandywine Realty Trust Price Performance

The company has a market cap of $556.71 million, a price-to-earnings ratio of -3.00 and a beta of 1.30. The company has a fifty day moving average price of $3.62 and a two-hundred day moving average price of $4.03. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 2.68.

Brandywine Realty Trust (NYSE:BDN – Get Free Report) last posted its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $121.42 million during the quarter, compared to analyst estimates of $119.11 million. Brandywine Realty Trust had a negative net margin of 38.03% and a negative return on equity of 19.55%. As a group, equities research analysts anticipate that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were paid a dividend of $0.08 per share. The ex-dividend date was Thursday, October 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.0%. Brandywine Realty Trust’s dividend payout ratio is currently -29.91%.

Insider Transactions at Brandywine Realty Trust

In other news, Director James C. Diggs sold 23,190 shares of the company’s stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $3.47, for a total value of $80,469.30. Following the completion of the sale, the director owned 128,672 shares in the company, valued at $446,491.84. This represents a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Gerard H. Sweeney bought 88,500 shares of Brandywine Realty Trust stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of $3.38 per share, with a total value of $299,130.00. Following the completion of the transaction, the chief executive officer directly owned 3,042,210 shares in the company, valued at approximately $10,282,669.80. This trade represents a 3.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers lifted its holdings in shares of Brandywine Realty Trust by 18.7% in the first quarter. Cetera Investment Advisers now owns 36,115 shares of the real estate investment trust’s stock worth $161,000 after buying an additional 5,698 shares in the last quarter. Natixis Advisors LLC bought a new position in shares of Brandywine Realty Trust in the first quarter worth $331,000. US Bancorp DE raised its position in shares of Brandywine Realty Trust by 135.0% in the first quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 7,624 shares in the last quarter. Invesco Ltd. boosted its stake in Brandywine Realty Trust by 24.1% during the first quarter. Invesco Ltd. now owns 3,488,677 shares of the real estate investment trust’s stock valued at $15,559,000 after buying an additional 676,477 shares during the period. Finally, Nuveen LLC purchased a new position in shares of Brandywine Realty Trust during the first quarter worth about $1,037,000. 87.27% of the stock is owned by institutional investors.

Brandywine Realty Trust Company Profile

(Get Free Report)

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.

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