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

Brandywine Realty Trust (NYSE:BDN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.00 and traded as high as $3.11. Brandywine Realty Trust shares last traded at $3.0650, with a volume of 1,283,047 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BDN shares. Truist Financial reaffirmed a “hold” rating and issued a $3.00 price target (down from $3.50) on shares of Brandywine Realty Trust in a research note on Monday, April 27th. Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Three investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $3.50.

Brandywine Realty Trust Stock Performance

The company has a debt-to-equity ratio of 3.55, a current ratio of 1.93 and a quick ratio of 1.93. The company’s fifty day simple moving average is $3.11 and its two-hundred day simple moving average is $3.00. The stock has a market cap of $532.42 million, a price-to-earnings ratio of -2.67 and a beta of 1.29.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). The business had revenue of $127.00 million during the quarter, compared to the consensus estimate of $110.27 million. Brandywine Realty Trust had a negative net margin of 40.79% and a negative return on equity of 24.45%. On average, analysts forecast that Brandywine Realty Trust will post 0.56 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be given a $0.08 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $0.32 annualized dividend and a yield of 10.4%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -27.83%.

Institutional Trading of Brandywine Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new stake in shares of Brandywine Realty Trust in the third quarter worth approximately $34,000. Essential Partners LLC boosted its position in shares of Brandywine Realty Trust by 497.2% during the first quarter. Essential Partners LLC now owns 10,301 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 8,576 shares during the last quarter. Cibc World Markets Corp purchased a new position in shares of Brandywine Realty Trust during the fourth quarter valued at approximately $33,000. HB Wealth Management LLC bought a new stake in Brandywine Realty Trust during the first quarter worth $33,000. Finally, Kovack Advisors Inc. bought a new stake in Brandywine Realty Trust during the fourth quarter worth $40,000. 87.27% of the stock is owned by institutional investors.

About Brandywine Realty Trust

Brandywine Realty Trust (NYSE: BDN) is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high‐quality, transit‐oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live‐work‐play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.