Bank of America Corp DE Boosts Stake in Brandywine Realty Trust (NYSE:BDN)

Bank of America Corp DE raised its position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 43.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 about 0.30% of Brandywine Realty Trust worth $2,897,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in 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 period. Barclays PLC raised its holdings in Brandywine Realty Trust by 91.8% in the third quarter. Barclays PLC now owns 460,039 shares of the real estate investment trust's stock worth $2,502,000 after purchasing an additional 220,176 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Brandywine Realty Trust by 42.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 668,148 shares of the real estate investment trust's stock valued at $3,743,000 after buying an additional 200,067 shares during the last quarter. Amundi boosted its position in Brandywine Realty Trust by 44.1% in the fourth quarter. Amundi now owns 172,578 shares of the real estate investment trust's stock valued at $889,000 after buying an additional 52,785 shares during the last quarter. Finally, Kawa Capital Management Inc purchased a new stake in Brandywine Realty Trust in the fourth quarter valued at approximately $14,713,000. Hedge funds and other institutional investors own 87.27% of the company's stock.

Insiders Place Their Bets

In related news, CEO Gerard H. Sweeney bought 61,576 shares of the stock in a transaction on Friday, May 2nd. The shares were bought at an average cost of $4.07 per share, for a total transaction of $250,614.32. Following the purchase, the chief executive officer now owns 2,949,092 shares of the company's stock, valued at $12,002,804.44. This trade represents a 2.13% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BDN has been the subject of a number of analyst reports. Wall Street Zen downgraded Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Evercore ISI lowered their price target on Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating for the company in a report on Thursday, February 6th.

Brandywine Realty Trust Stock Down 1.4%

Shares of BDN traded down $0.06 during midday trading on Monday, hitting $4.17. The company had a trading volume of 1,529,941 shares, compared to its average volume of 2,051,444. The company's 50-day simple moving average is $4.07 and its 200-day simple moving average is $4.81. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26. The firm has a market capitalization of $721.21 million, a P/E ratio of -3.66 and a beta of 1.39. Brandywine Realty Trust has a 1 year low of $3.41 and a 1 year high of $6.54.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its quarterly earnings data 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). Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. The company had revenue of $114.43 million during the quarter, compared to analysts' expectations of $119.45 million. As a group, sell-side analysts expect that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, July 2nd will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 14.39%. The ex-dividend date is Wednesday, July 2nd. Brandywine Realty Trust's dividend payout ratio (DPR) is presently -50.00%.

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.