Legal & General Group Plc Has $6.06 Million Holdings in Brandywine Realty Trust (NYSE:BDN)

Legal & General Group Plc reduced its position in Brandywine Realty Trust (NYSE:BDN - Free Report) by 8.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,082,924 shares of the real estate investment trust's stock after selling 103,091 shares during the period. Legal & General Group Plc owned 0.63% of Brandywine Realty Trust worth $6,064,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BDN. Invesco Ltd. raised its stake in shares of 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 buying an additional 1,854,749 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in Brandywine Realty Trust during the 4th quarter worth $2,240,000. Russell Investments Group Ltd. raised its position in shares of Brandywine Realty Trust by 228.2% during the 4th quarter. Russell Investments Group Ltd. now owns 220,406 shares of the real estate investment trust's stock valued at $1,234,000 after acquiring an additional 153,252 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in shares of Brandywine Realty Trust by 66.2% in the 4th quarter. Envestnet Asset Management Inc. now owns 170,718 shares of the real estate investment trust's stock valued at $956,000 after purchasing an additional 68,008 shares during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Brandywine Realty Trust by 23.2% in the 4th quarter. Wells Fargo & Company MN now owns 116,963 shares of the real estate investment trust's stock worth $655,000 after purchasing an additional 21,987 shares during the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

Brandywine Realty Trust Trading Up 1.4 %

BDN traded up $0.06 during mid-day trading on Friday, hitting $4.01. The stock had a trading volume of 624,079 shares, compared to its average volume of 1,968,250. The stock's fifty day simple moving average is $4.35 and its 200-day simple moving average is $5.07. The firm has a market capitalization of $693.15 million, a price-to-earnings ratio of -3.51 and a beta of 1.32. Brandywine Realty Trust has a 1-year low of $3.41 and a 1-year high of $6.54. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74.

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 analysts' consensus estimates of $0.15 by ($0.01). The firm had revenue of $114.43 million during the quarter, compared to the consensus estimate of $119.45 million. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. As a group, research analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 14.98%. The ex-dividend date of this dividend was Thursday, April 3rd. Brandywine Realty Trust's dividend payout ratio (DPR) is presently -50.00%.

Analysts Set New Price Targets

A number of research firms recently commented on BDN. StockNews.com upgraded Brandywine Realty Trust from a "sell" rating to a "hold" rating in a report on Wednesday. Evercore ISI lowered their price target on Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating for the company in a research note 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.