Envestnet Asset Management Inc. Grows Position in Brandywine Realty Trust (NYSE:BDN)

Envestnet Asset Management Inc. boosted its position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 66.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,718 shares of the real estate investment trust's stock after acquiring an additional 68,008 shares during the period. Envestnet Asset Management Inc. owned 0.10% of Brandywine Realty Trust worth $956,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of BDN. Vanguard Group Inc. boosted its position in shares of Brandywine Realty Trust by 5.4% during 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 last quarter. Yeomans Consulting Group Inc. bought a new stake in Brandywine Realty Trust during the fourth quarter valued at approximately $16,617,000. Kawa Capital Management Inc purchased a new position in Brandywine Realty Trust in the 4th quarter worth approximately $14,713,000. Nordea Investment Management AB increased its holdings in shares of Brandywine Realty Trust by 5.9% in the 4th quarter. Nordea Investment Management AB now owns 1,270,156 shares of the real estate investment trust's stock worth $7,164,000 after buying an additional 70,985 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in shares of Brandywine Realty Trust by 2,688.7% in the 4th quarter. New York State Common Retirement Fund now owns 1,138,791 shares of the real estate investment trust's stock worth $6,377,000 after buying an additional 1,097,955 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company's stock.

Analyst Upgrades and Downgrades

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

Shares of BDN stock traded up $0.03 during trading hours on Wednesday, hitting $4.19. 1,978,181 shares of the company's stock were exchanged, compared to its average volume of 2,006,147. Brandywine Realty Trust has a 12-month low of $3.41 and a 12-month high of $6.54. The company has a market capitalization of $724.66 million, a PE ratio of -3.68 and a beta of 1.39. The business's 50 day simple moving average is $4.20 and its 200-day simple moving average is $4.95. The company has a current ratio of 2.26, a quick ratio of 1.74 and a debt-to-equity ratio of 2.12.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its quarterly 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). The business had revenue of $114.43 million for the quarter, compared to analysts' expectations of $119.45 million. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. On average, equities research analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 14.32%. Brandywine Realty Trust's dividend payout ratio (DPR) is currently -50.00%.

Insider Buying and Selling at Brandywine Realty Trust

In other news, CEO Gerard H. Sweeney acquired 61,576 shares of the stock in a transaction dated Friday, May 2nd. The stock was purchased 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 owns 2,949,092 shares in the company, valued at approximately $12,002,804.44. The trade was a 2.13 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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.