Versor Investments LP Buys New Position in Brandywine Realty Trust (NYSE:BDN)

Versor Investments LP purchased a new position in shares of Brandywine Realty Trust (NYSE:BDN) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 35,200 shares of the real estate investment trust’s stock, valued at approximately $191,000.

Other hedge funds have also recently bought and sold shares of the company. Texas Permanent School Fund Corp lifted its stake in shares of Brandywine Realty Trust by 2.0% during the 1st quarter. Texas Permanent School Fund Corp now owns 150,618 shares of the real estate investment trust’s stock worth $723,000 after purchasing an additional 2,962 shares during the period. ProShare Advisors LLC boosted its stake in Brandywine Realty Trust by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 34,360 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 2,360 shares during the last quarter. Vanguard Group Inc. grew its holdings in 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 valued at $135,747,000 after buying an additional 651,299 shares during the period. UniSuper Management Pty Ltd increased its stake in shares of Brandywine Realty Trust by 165.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 126,941 shares of the real estate investment trust’s stock valued at $609,000 after acquiring an additional 79,041 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in Brandywine Realty Trust by 3.8% during the first quarter. CANADA LIFE ASSURANCE Co now owns 469,975 shares of the real estate investment trust’s stock worth $2,248,000 after purchasing an additional 17,007 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Trading Down 0.4 %

NYSE:BDN opened at $5.20 on Friday. The business’s 50-day moving average is $5.49 and its two-hundred day moving average is $5.01. The firm has a market capitalization of $897.88 million, a PE ratio of -2.89 and a beta of 1.33. Brandywine Realty Trust has a 12 month low of $3.85 and a 12 month high of $6.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.20). The company had revenue of $117.96 million for the quarter, compared to analysts’ expectations of $120.00 million. Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. Research analysts predict that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 11.54%. The ex-dividend date was Wednesday, October 9th. Brandywine Realty Trust’s payout ratio is -33.33%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Evercore ISI lifted their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a report on Monday, September 16th. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

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.