Penn Capital Management Company LLC Makes New Investment in Brandywine Realty Trust (NYSE:BDN)

Penn Capital Management Company LLC bought a new stake in Brandywine Realty Trust (NYSE:BDN - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,374,943 shares of the real estate investment trust's stock, valued at approximately $13,300,000. Brandywine Realty Trust accounts for 1.3% of Penn Capital Management Company LLC's investment portfolio, making the stock its 26th biggest holding. Penn Capital Management Company LLC owned approximately 1.38% of Brandywine Realty Trust as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Yeomans Consulting Group Inc. bought a new stake in shares of Brandywine Realty Trust during the 4th quarter valued at $16,617,000. Kawa Capital Management Inc purchased a new position in Brandywine Realty Trust during the 4th quarter valued at about $14,713,000. Invesco Ltd. boosted its stake in Brandywine Realty Trust by 193.7% during the fourth quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust's stock worth $15,748,000 after acquiring an additional 1,854,749 shares in the last quarter. Vanguard Group Inc. grew its holdings in Brandywine Realty Trust by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust's stock worth $159,620,000 after purchasing an additional 1,459,236 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Brandywine Realty Trust by 2,688.7% during the fourth quarter. New York State Common Retirement Fund now owns 1,138,791 shares of the real estate investment trust's stock valued at $6,377,000 after purchasing an additional 1,097,955 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BDN has been the topic of several recent research reports. StockNews.com upgraded Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research note on Wednesday, April 23rd. Evercore ISI reduced their price target on Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating for the company in a report on Thursday, February 6th.

Brandywine Realty Trust Stock Down 0.9 %

BDN traded down $0.04 during trading on Tuesday, hitting $4.02. 971,931 shares of the company's stock traded hands, compared to its average volume of 1,974,215. Brandywine Realty Trust has a 12-month low of $3.41 and a 12-month high of $6.54. The company's 50 day simple moving average is $4.31 and its two-hundred day simple moving average is $5.04. The company has a current ratio of 2.26, a quick ratio of 1.74 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $694.75 million, a price-to-earnings ratio of -3.53 and a beta of 1.32.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $114.43 million during the quarter, compared to the consensus estimate of $119.45 million. Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. Analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 14.94%. The ex-dividend date was Thursday, April 3rd. Brandywine Realty Trust's dividend payout ratio (DPR) is presently -50.00%.

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.