100,348 Shares in Brandywine Realty Trust (NYSE:BDN) Acquired by Allianz Asset Management GmbH

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 bought a new position in Brandywine Realty Trust (NYSE:BDN - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 100,348 shares of the real estate investment trust's stock, valued at approximately $448,000. Allianz Asset Management GmbH owned about 0.06% of Brandywine Realty Trust as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Penn Capital Management Company LLC purchased a new position in Brandywine Realty Trust in the 4th quarter worth about $13,300,000. Invesco Ltd. lifted its position 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 worth $15,748,000 after buying an additional 1,854,749 shares during the last quarter. Vanguard Group Inc. increased its stake in Brandywine Realty Trust by 5.4% in 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 purchasing an additional 1,459,236 shares during the period. Millennium Management LLC increased its stake in shares of Brandywine Realty Trust by 91.2% during the fourth quarter. Millennium Management LLC now owns 2,644,898 shares of the real estate investment trust's stock valued at $14,811,000 after buying an additional 1,261,752 shares during the period. Finally, Lighthouse Investment Partners LLC purchased a new position in Brandywine Realty Trust in the fourth quarter valued at about $6,848,000. Institutional investors own 87.27% of the company's stock.

Brandywine Realty Trust Trading Down 4.3%

Shares of NYSE:BDN traded down $0.17 during midday trading on Friday, reaching $3.83. The company's stock had a trading volume of 5,849,066 shares, compared to its average volume of 2,784,158. The firm has a market cap of $665.27 million, a price-to-earnings ratio of -2.04 and a beta of 1.43. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 2.61. Brandywine Realty Trust has a 1 year low of $3.41 and a 1 year high of $6.54. The business has a 50 day moving average price of $4.25 and a 200 day moving average price of $4.42.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.02). Brandywine Realty Trust had a negative return on equity of 32.12% and a negative net margin of 65.33%. The business had revenue of $114.20 million during the quarter, compared to analyst estimates of $120.66 million. Research analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, July 2nd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 15.7%. The ex-dividend date of this dividend was Wednesday, July 2nd. Brandywine Realty Trust's dividend payout ratio (DPR) is currently -31.91%.

Wall Street Analyst Weigh In

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.