Brandywine Realty Trust (NYSE:BDN) Shares Acquired by Northern Trust Corp

Northern Trust Corp raised its holdings in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 19.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,501,798 shares of the real estate investment trust's stock after purchasing an additional 411,003 shares during the period. Northern Trust Corp owned 1.45% of Brandywine Realty Trust worth $14,010,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Yeomans Consulting Group Inc. acquired a new position in shares of Brandywine Realty Trust in the 4th quarter valued at $16,617,000. Kawa Capital Management Inc acquired a new position in shares of Brandywine Realty Trust in the 4th quarter valued at $14,713,000. Penn Capital Management Company LLC acquired a new position in shares of Brandywine Realty Trust in the 4th quarter valued at $13,300,000. Invesco Ltd. increased its position in shares of Brandywine Realty Trust by 193.7% in the 4th quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust's stock valued at $15,748,000 after acquiring an additional 1,854,749 shares during the period. Finally, Vanguard Group Inc. increased its position in shares of 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 valued at $159,620,000 after acquiring an additional 1,459,236 shares during the period. 87.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BDN has been the topic of several research reports. StockNews.com downgraded Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Evercore ISI cut their target price on 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 Price Performance

NYSE:BDN opened at $4.32 on Friday. Brandywine Realty Trust has a one year low of $3.41 and a one year high of $6.54. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26. The firm has a market cap of $747.15 million, a price-to-earnings ratio of -3.79 and a beta of 1.39. The firm's fifty day moving average is $4.14 and its two-hundred day moving average is $4.89.

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

Brandywine Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 13.89%. The ex-dividend date of this dividend was Thursday, April 3rd. Brandywine Realty Trust's payout ratio is presently -50.00%.

Insider Activity

In related news, CEO Gerard H. Sweeney bought 61,576 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average price of $4.07 per share, for a total transaction of $250,614.32. Following the acquisition, the chief executive officer now owns 2,949,092 shares of the company's stock, valued at approximately $12,002,804.44. This trade represents a 2.13% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.30% of the company's stock.

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.

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