Allspring Global Investments Holdings LLC Raises Position in Brandywine Realty Trust (NYSE:BDN)

Allspring Global Investments Holdings LLC lifted its position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 42.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 950,179 shares of the real estate investment trust's stock after acquiring an additional 282,031 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.55% of Brandywine Realty Trust worth $4,238,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 worth $159,620,000 after acquiring an additional 1,459,236 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Brandywine Realty Trust by 193.7% during the 4th quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust's stock worth $15,748,000 after acquiring an additional 1,854,749 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Brandywine Realty Trust by 91.2% during the 4th quarter. Millennium Management LLC now owns 2,644,898 shares of the real estate investment trust's stock worth $14,811,000 after acquiring an additional 1,261,752 shares in the last quarter. Kawa Capital Management Inc purchased a new stake in shares of Brandywine Realty Trust during the 4th quarter worth approximately $14,713,000. Finally, Northern Trust Corp boosted its stake in shares of Brandywine Realty Trust by 19.7% during the 4th quarter. Northern Trust Corp now owns 2,501,798 shares of the real estate investment trust's stock worth $14,010,000 after acquiring an additional 411,003 shares in the last quarter. Hedge funds and other institutional investors own 87.27% of the company's stock.

Insider Transactions at Brandywine Realty Trust

In related news, CEO Gerard H. Sweeney bought 61,576 shares of Brandywine Realty Trust stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of $4.07 per share, with a total value of $250,614.32. Following the purchase, the chief executive officer owned 2,949,092 shares in the company, valued at $12,002,804.44. This represents a 2.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.30% of the company's stock.

Brandywine Realty Trust Price Performance

BDN stock traded up $0.14 on Thursday, reaching $4.29. The company had a trading volume of 2,864,939 shares, compared to its average volume of 2,163,235. Brandywine Realty Trust has a 1 year low of $3.41 and a 1 year high of $6.54. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.95 and a current ratio of 1.95. The company's fifty day moving average is $4.26 and its 200 day moving average is $4.57. The company has a market cap of $741.96 million, a P/E ratio of -3.57 and a beta of 1.42.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Brandywine Realty Trust had a negative net margin of 40.97% and a negative return on equity of 18.44%. The company had revenue of $114.43 million during the quarter, compared to analysts' expectations of $119.45 million. On average, research analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, July 2nd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 13.99%. The ex-dividend date is Wednesday, July 2nd. Brandywine Realty Trust's payout ratio is currently -50.00%.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research note 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.