Brandywine Realty Trust (NYSE:BDN) Shares Bought by Bank of America Corp DE

Bank of America Corp DE increased its holdings in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 43.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 517,265 shares of the real estate investment trust's stock after buying an additional 156,877 shares during the quarter. Bank of America Corp DE owned 0.30% of Brandywine Realty Trust worth $2,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Kestra Investment Management LLC purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter worth about $26,000. US Bancorp DE grew its position in Brandywine Realty Trust by 11,198.0% during the 4th quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 5,599 shares during the last quarter. Headlands Technologies LLC increased its stake in Brandywine Realty Trust by 64.1% during the 4th quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust's stock valued at $35,000 after purchasing an additional 2,441 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Brandywine Realty Trust by 360.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 8,248 shares of the real estate investment trust's stock worth $45,000 after buying an additional 6,457 shares during the last quarter. Finally, Sciencast Management LP purchased a new position in shares of Brandywine Realty Trust in the fourth quarter worth $57,000. 87.27% of the stock is owned by institutional investors and hedge funds.

Brandywine Realty Trust Stock Performance

Shares of NYSE:BDN traded up $0.01 during midday trading on Wednesday, reaching $4.35. The company's stock had a trading volume of 1,519,233 shares, compared to its average volume of 2,056,748. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 2.12. The stock has a fifty day moving average of $4.05 and a 200 day moving average of $4.79. Brandywine Realty Trust has a twelve month low of $3.41 and a twelve month high of $6.54. The firm has a market capitalization of $752.34 million, a PE ratio of -3.82 and a beta of 1.44.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its quarterly earnings results 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 return on equity of 16.40% and a negative net margin of 38.46%. The company had revenue of $114.43 million for the quarter, compared to analyst estimates of $119.45 million. On average, equities analysts expect that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, July 2nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 13.79%. Brandywine Realty Trust's payout ratio is -50.00%.

Insider Activity at Brandywine Realty Trust

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney purchased 61,576 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were 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. This represents a 2.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 3.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore ISI cut their target price 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. Wall Street Zen downgraded 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.