Brandywine Realty Trust (BDN) Set to Announce Quarterly Earnings on Wednesday

Brandywine Realty Trust (NYSE:BDN – Get Rating) will be issuing its quarterly earnings data after the market closes on Wednesday, February 1st. Analysts expect the company to announce earnings of $0.32 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Brandywine Realty Trust Trading Down 0.3 %

Shares of NYSE BDN opened at $6.23 on Wednesday. The company’s 50 day simple moving average is $6.36 and its 200 day simple moving average is $7.27. Brandywine Realty Trust has a fifty-two week low of $5.94 and a fifty-two week high of $14.55. The firm has a market capitalization of $1.07 billion, a P/E ratio of 36.65, a P/E/G ratio of 1.93 and a beta of 1.15. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.74 and a quick ratio of 1.74.

Brandywine Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 19th. Investors of record on Thursday, January 5th were issued a $0.19 dividend. The ex-dividend date was Wednesday, January 4th. This represents a $0.76 annualized dividend and a yield of 12.20%. Brandywine Realty Trust’s dividend payout ratio is currently 447.06%.

Institutional Investors Weigh In On Brandywine Realty Trust

Several large investors have recently bought and sold shares of the company. Teachers Retirement System of The State of Kentucky bought a new stake in Brandywine Realty Trust in the third quarter valued at approximately $379,000. Balyasny Asset Management LLC increased its position in shares of Brandywine Realty Trust by 4.8% during the third quarter. Balyasny Asset Management LLC now owns 2,517,732 shares of the real estate investment trust’s stock worth $16,995,000 after acquiring an additional 116,433 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Brandywine Realty Trust during the third quarter worth $104,000. BNP Paribas Arbitrage SNC increased its position in shares of Brandywine Realty Trust by 17.5% during the third quarter. BNP Paribas Arbitrage SNC now owns 105,320 shares of the real estate investment trust’s stock worth $711,000 after acquiring an additional 15,696 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its position in shares of Brandywine Realty Trust by 5.3% during the third quarter. Thrivent Financial for Lutherans now owns 177,354 shares of the real estate investment trust’s stock worth $1,197,000 after acquiring an additional 8,977 shares in the last quarter. Institutional investors own 90.84% of the company’s stock.

Wall Street Analyst Weigh In

BDN has been the topic of several analyst reports. Credit Suisse Group cut their price objective on shares of Brandywine Realty Trust to $7.00 in a report on Thursday, October 20th. Citigroup downgraded shares of Brandywine Realty Trust from a “neutral” rating to a “sell” rating and lowered their target price for the company from $6.50 to $5.00 in a research note on Wednesday, December 14th. Finally, StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, January 10th.

Brandywine Realty Trust Company Profile

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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, Austin and Washington, DC markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 175 properties and 24.7 million square feet as of December 31, 2020 which excludes assets held for sale.