Employees Retirement System of Texas Buys Shares of 400,000 Brandywine Realty Trust (NYSE:BDN)

Employees Retirement System of Texas bought a new position in Brandywine Realty Trust (NYSE:BDN) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 400,000 shares of the real estate investment trust’s stock, valued at approximately $2,240,000. Employees Retirement System of Texas owned 0.23% of Brandywine Realty Trust as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in Brandywine Realty Trust by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust’s stock worth $159,620,000 after buying an additional 1,459,236 shares in the last quarter. State Street Corp grew its stake in Brandywine Realty Trust by 2.2% in 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 in the last quarter. Yeomans Consulting Group Inc. acquired a new position in Brandywine Realty Trust in the 4th quarter worth about $16,617,000. Kawa Capital Management Inc purchased a new stake in shares of Brandywine Realty Trust during the 4th quarter worth about $14,713,000. Finally, Nordea Investment Management AB lifted its holdings in shares of Brandywine Realty Trust by 5.9% during the 4th quarter. Nordea Investment Management AB now owns 1,270,156 shares of the real estate investment trust’s stock valued at $7,164,000 after buying an additional 70,985 shares during the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

Brandywine Realty Trust Stock Down 3.4 %

Shares of Brandywine Realty Trust stock opened at $3.87 on Tuesday. Brandywine Realty Trust has a 12-month low of $3.72 and a 12-month high of $6.54. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 2.12. The stock has a 50 day moving average price of $4.76 and a two-hundred day moving average price of $5.25. The stock has a market capitalization of $668.92 million, a P/E ratio of -3.39 and a beta of 1.32.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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%. Equities analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.60 annualized dividend and a yield of 15.52%. Brandywine Realty Trust’s payout ratio is -52.63%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on BDN shares. StockNews.com lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Evercore ISI lowered their target price on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th.

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.