Allianz Asset Management GmbH Acquires Shares of 100,348 Brandywine Realty Trust (NYSE:BDN)

Key Points

• Allianz Asset Management GmbH acquired 100,348 shares in Brandywine Realty Trust, valued at approximately $448,000, representing about 0.06% ownership of the company.
• Brandywine Realty Trust reported $0.15 earnings per share, missing the estimated $0.17, with a revenue of $114.20 million for the quarter.
• The company announced a quarterly dividend of $0.15 per share, translating to an annual yield of 15.7%, although it has a negative dividend payout ratio of -31.91%.

Allianz Asset Management GmbH acquired a new position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 100,348 shares of the real estate investment trust's stock, valued at approximately $448,000. Allianz Asset Management GmbH owned 0.06% of Brandywine Realty Trust as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its holdings in Brandywine Realty Trust by 13.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,888 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 2,064 shares in the last quarter. Headlands Technologies LLC increased its stake in Brandywine Realty Trust by 64.1% in 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 last quarter. BNP Paribas Financial Markets grew its position in Brandywine Realty Trust by 5.6% in the 4th quarter. BNP Paribas Financial Markets now owns 63,060 shares of the real estate investment trust's stock valued at $353,000 after acquiring an additional 3,347 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of Brandywine Realty Trust by 37.7% in the 4th quarter. Quantinno Capital Management LP now owns 15,770 shares of the real estate investment trust's stock worth $88,000 after buying an additional 4,318 shares during the period. Finally, Hsbc Holdings PLC lifted its stake in shares of Brandywine Realty Trust by 3.0% during the 4th quarter. Hsbc Holdings PLC now owns 164,624 shares of the real estate investment trust's stock worth $922,000 after purchasing an additional 4,734 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors.

Brandywine Realty Trust Price Performance

NYSE:BDN traded up $0.12 during trading hours on Wednesday, reaching $4.06. 1,576,128 shares of the company traded hands, compared to its average volume of 2,450,253. Brandywine Realty Trust has a 1-year low of $3.41 and a 1-year high of $6.54. The firm's 50-day moving average is $4.24 and its 200-day moving average is $4.40. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.97 and a quick ratio of 2.97. The stock has a market cap of $704.35 million, a P/E ratio of -2.16 and a beta of 1.43.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Brandywine Realty Trust had a negative net margin of 65.33% and a negative return on equity of 32.12%. The firm had revenue of $114.20 million during the quarter, compared to the consensus estimate of $120.66 million. Equities research analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, July 2nd were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, July 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 14.8%. Brandywine Realty Trust's dividend payout ratio (DPR) is -31.91%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th.

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.