Brandywine Realty Trust (NYSE:BDN) Shares Sold by Globeflex Capital L P

Globeflex Capital L P cut its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 21.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 123,352 shares of the real estate investment trust’s stock after selling 34,173 shares during the period. Globeflex Capital L P owned about 0.07% of Brandywine Realty Trust worth $691,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. State Street Corp lifted its position in Brandywine Realty Trust by 2.2% during the third quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust’s stock valued at $55,880,000 after purchasing an additional 218,444 shares during the period. Yeomans Consulting Group Inc. acquired a new position in shares of Brandywine Realty Trust in the fourth quarter worth about $16,617,000. Nordea Investment Management AB raised its position in shares of Brandywine Realty Trust by 5.9% in the fourth quarter. Nordea Investment Management AB now owns 1,270,156 shares of the real estate investment trust’s stock worth $7,164,000 after acquiring an additional 70,985 shares during the period. New York State Common Retirement Fund raised its position in shares of Brandywine Realty Trust by 2,688.7% in the fourth quarter. New York State Common Retirement Fund now owns 1,138,791 shares of the real estate investment trust’s stock worth $6,377,000 after acquiring an additional 1,097,955 shares during the period. Finally, Systematic Financial Management LP raised its position in shares of Brandywine Realty Trust by 36.4% in the third quarter. Systematic Financial Management LP now owns 954,325 shares of the real estate investment trust’s stock worth $5,192,000 after acquiring an additional 254,825 shares during the period. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Stock Performance

NYSE:BDN opened at $4.54 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74. The firm has a market capitalization of $784.88 million, a price-to-earnings ratio of -3.98 and a beta of 1.35. The company’s 50-day moving average is $5.02 and its two-hundred day moving average is $5.33. Brandywine Realty Trust has a 1-year low of $4.17 and a 1-year high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. Analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 13.23%. Brandywine Realty Trust’s dividend payout ratio is currently -52.63%.

Analysts Set New Price Targets

A number of research analysts have weighed in on BDN shares. Evercore ISI decreased their price objective on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th. StockNews.com cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th.

Brandywine Realty Trust 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.