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 Ratings Changes

A number of equities analysts have issued reports on BDN shares. Evercore ISI lowered their target price on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a report on Thursday. StockNews.com cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday.

Brandywine Realty Trust Stock Performance

The stock has a market capitalization of $855.93 million, a P/E ratio of -2.75 and a beta of 1.34. The company’s fifty day simple moving average is $5.44 and its two-hundred day simple moving average is $5.36. 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 released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share 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%. As a group, equities analysts forecast that Brandywine Realty Trust will post 0.91 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Wednesday, January 8th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 12.10%. The ex-dividend date was Wednesday, January 8th. Brandywine Realty Trust’s payout ratio is -33.33%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BDN. State Street Corp increased its position in shares of Brandywine Realty Trust by 2.2% during 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 buying an additional 218,444 shares during the period. Yeomans Consulting Group Inc. acquired a new stake in Brandywine Realty Trust in the fourth quarter worth $16,617,000. 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 purchasing an additional 70,985 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of 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 valued at $6,377,000 after purchasing an additional 1,097,955 shares during the period. Finally, Systematic Financial Management LP boosted its position in shares of Brandywine Realty Trust by 36.4% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

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.