CastleKnight Management LP Sells 98,400 Shares of Brandywine Realty Trust (NYSE:BDN)

CastleKnight Management LP reduced its position in Brandywine Realty Trust (NYSE:BDN - Free Report) by 33.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 193,100 shares of the real estate investment trust's stock after selling 98,400 shares during the period. CastleKnight Management LP owned 0.11% of Brandywine Realty Trust worth $1,081,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BDN. Kestra Investment Management LLC purchased a new stake in Brandywine Realty Trust during the 4th quarter worth about $26,000. US Bancorp DE boosted its position in shares of Brandywine Realty Trust by 11,198.0% in the fourth quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 5,599 shares during the period. Headlands Technologies LLC increased its holdings in Brandywine Realty Trust by 64.1% during the 4th quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 2,441 shares during the period. Smartleaf Asset Management LLC lifted its stake in Brandywine Realty Trust by 360.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 8,248 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 6,457 shares in the last quarter. Finally, Sciencast Management LP purchased a new stake in Brandywine Realty Trust in the 4th quarter worth approximately $57,000. Institutional investors own 87.27% of the company's stock.

Brandywine Realty Trust Price Performance

Shares of Brandywine Realty Trust stock traded down $0.07 during trading on Thursday, hitting $4.13. 1,771,978 shares of the stock traded hands, compared to its average volume of 2,010,121. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 2.12. Brandywine Realty Trust has a 52 week low of $3.41 and a 52 week high of $6.54. The firm's fifty day moving average is $4.18 and its 200-day moving average is $4.94. The stock has a market cap of $713.42 million, a price-to-earnings ratio of -3.62 and a beta of 1.39.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates 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 business had revenue of $114.43 million during the quarter, compared to the consensus estimate of $119.45 million. Research analysts expect that Brandywine Realty Trust will post 0.66 EPS 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. Stockholders of record on Thursday, April 3rd were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.55%. The ex-dividend date was Thursday, April 3rd. Brandywine Realty Trust's payout ratio is -50.00%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on BDN shares. Evercore ISI dropped their price objective 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. StockNews.com downgraded Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st.

Insider Activity at Brandywine Realty Trust

In other news, CEO Gerard H. Sweeney purchased 61,576 shares of Brandywine Realty Trust stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average cost of $4.07 per share, with a total value of $250,614.32. Following the completion of the purchase, the chief executive officer now directly owns 2,949,092 shares in the company, 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 document filed with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is owned by corporate insiders.

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.