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

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

A number of other institutional investors and hedge funds have also made changes to their positions in BDN. Vanguard Group Inc. grew its position in Brandywine Realty Trust by 5.4% during 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 buying an additional 1,459,236 shares during the period. Yeomans Consulting Group Inc. acquired a new stake in Brandywine Realty Trust in the fourth quarter valued at approximately $16,617,000. Invesco Ltd. boosted its holdings in Brandywine Realty Trust by 193.7% in the fourth quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust's stock valued at $15,748,000 after purchasing an additional 1,854,749 shares during the last quarter. Kawa Capital Management Inc acquired a new stake in shares of Brandywine Realty Trust in the 4th quarter valued at about $14,713,000. Finally, Northern Trust Corp boosted its holdings in Brandywine Realty Trust by 19.7% in the fourth quarter. Northern Trust Corp now owns 2,501,798 shares of the real estate investment trust's stock worth $14,010,000 after purchasing an additional 411,003 shares during the period. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Trading Up 1.9 %

Brandywine Realty Trust stock traded up $0.08 during midday trading on Friday, reaching $4.20. The stock had a trading volume of 1,388,961 shares, compared to its average volume of 2,017,874. Brandywine Realty Trust has a twelve month low of $3.41 and a twelve month 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. The firm has a market cap of $726.39 million, a price-to-earnings ratio of -3.68 and a beta of 1.39. The firm's fifty day simple moving average is $4.17 and its two-hundred day simple moving average is $4.92.

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 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. The company had revenue of $114.43 million during the quarter, compared to analyst estimates of $119.45 million. Equities analysts anticipate that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.60 annualized dividend and a yield of 14.29%. Brandywine Realty Trust's dividend payout ratio (DPR) is currently -50.00%.

Insider Buying and Selling

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney acquired 61,576 shares of Brandywine Realty Trust stock in a transaction dated Friday, May 2nd. The stock was bought at an average cost of $4.07 per share, with a total value of $250,614.32. Following the completion of the transaction, the chief executive officer now owns 2,949,092 shares of the company's stock, valued at $12,002,804.44. The trade was a 2.13 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BDN shares. Evercore ISI dropped their price objective on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. StockNews.com downgraded shares of Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, May 1st.

About Brandywine Realty Trust

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.