Brandywine Realty Trust (NYSE:BDN – Get Free Report)’s share price traded up 4.7% during mid-day trading on Tuesday . The stock traded as high as $6.25 and last traded at $6.25. 1,672,811 shares were traded during trading, a decline of 9% from the average session volume of 1,840,399 shares. The stock had previously closed at $5.97.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Evercore ISI boosted their price target on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. StockNews.com upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.
Check Out Our Latest Report on BDN
Brandywine Realty Trust Price Performance
Brandywine Realty Trust (NYSE:BDN – Get Free Report) last posted its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The company had revenue of $125.30 million during the quarter, compared to analyst estimates of $119.47 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was down .5% compared to the same quarter last year. Sell-side analysts expect that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.
Brandywine Realty Trust Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 9.68%. The ex-dividend date of this dividend is Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently -49.18%.
Institutional Investors Weigh In On Brandywine Realty Trust
Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Brandywine Realty Trust by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock worth $135,747,000 after purchasing an additional 651,299 shares in the last quarter. Congress Asset Management Co. MA raised its holdings in Brandywine Realty Trust by 228.2% during the fourth quarter. Congress Asset Management Co. MA now owns 657,829 shares of the real estate investment trust’s stock worth $3,552,000 after buying an additional 457,424 shares during the last quarter. Lighthouse Investment Partners LLC lifted its stake in shares of Brandywine Realty Trust by 50.6% in the second quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust’s stock valued at $2,867,000 after buying an additional 215,000 shares in the last quarter. Swedbank AB acquired a new position in shares of Brandywine Realty Trust during the first quarter valued at about $637,000. Finally, Point72 Asset Management L.P. grew its holdings in shares of Brandywine Realty Trust by 7,435.2% during the second quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock valued at $9,351,000 after buying an additional 2,059,542 shares during 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.
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