Brandywine Realty Trust (NYSE:BDN) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Brandywine Realty Trust (NYSE:BDN) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.04 and traded as high as $3.23. Brandywine Realty Trust shares last traded at $3.1050, with a volume of 1,235,199 shares changing hands.

Analyst Ratings Changes

A number of analysts recently commented on the company. Wall Street Zen upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, July 15th. 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.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $3.50.

Brandywine Realty Trust Stock Performance

The stock has a market cap of $542.07 million, a price-to-earnings ratio of -3.79 and a beta of 1.29. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.67 and a quick ratio of 1.67. The stock’s 50-day moving average is $3.13 and its 200-day moving average is $3.04.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.18) earnings per share for the quarter, meeting the consensus estimate of ($0.18). Brandywine Realty Trust had a negative return on equity of 18.52% and a negative net margin of 28.62%.The company had revenue of $128.92 million during the quarter, compared to the consensus estimate of $113.04 million. During the same period in the previous year, the firm posted ($0.51) EPS. Analysts anticipate that Brandywine Realty Trust will post 0.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Brandywine Realty Trust

A number of large investors have recently added to or reduced their stakes in the company. Corient Private Wealth LP increased its stake in Brandywine Realty Trust by 141.8% during the 2nd quarter. Corient Private Wealth LP now owns 58,546 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 34,334 shares during the period. California State Teachers Retirement System lifted its holdings in Brandywine Realty Trust by 206.7% in the 2nd quarter. California State Teachers Retirement System now owns 515,461 shares of the real estate investment trust’s stock worth $1,634,000 after buying an additional 347,389 shares in the last quarter. Kintra Wealth LLC boosted its position in Brandywine Realty Trust by 56.6% in the 2nd quarter. Kintra Wealth LLC now owns 18,739 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 6,774 shares during the last quarter. HB Wealth Management LLC boosted its position in Brandywine Realty Trust by 47.2% in the 2nd quarter. HB Wealth Management LLC now owns 17,837 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 5,716 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Brandywine Realty Trust during the second quarter valued at about $648,000. 87.27% of the stock is owned by institutional investors and hedge funds.

Brandywine Realty Trust Company Profile

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.