Beach Investment Counsel Inc. PA bought a new position in Brandywine Realty Trust (NYSE:BDN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 370,263 shares of the real estate investment trust's stock, valued at approximately $1,651,000. Beach Investment Counsel Inc. PA owned about 0.21% of Brandywine Realty Trust as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the company. Barclays PLC increased its holdings in shares of Brandywine Realty Trust by 91.8% during the third quarter. Barclays PLC now owns 460,039 shares of the real estate investment trust's stock worth $2,502,000 after buying an additional 220,176 shares in the last quarter. abrdn plc increased its holdings in Brandywine Realty Trust by 40.0% during the 4th quarter. abrdn plc now owns 49,004 shares of the real estate investment trust's stock valued at $276,000 after purchasing an additional 14,002 shares in the last quarter. Apollon Wealth Management LLC bought a new position in Brandywine Realty Trust in the 4th quarter valued at $68,000. 17 Capital Partners LLC boosted its stake in Brandywine Realty Trust by 37.7% in the fourth quarter. 17 Capital Partners LLC now owns 18,240 shares of the real estate investment trust's stock worth $102,000 after purchasing an additional 4,991 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Brandywine Realty Trust by 42.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 668,148 shares of the real estate investment trust's stock worth $3,743,000 after purchasing an additional 200,067 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company's stock.
Brandywine Realty Trust Price Performance
BDN opened at $4.48 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74. The stock has a market capitalization of $774.82 million, a P/E ratio of -3.93 and a beta of 1.44. The company's 50 day simple moving average is $4.05 and its 200-day simple moving average is $4.78. Brandywine Realty Trust has a one year low of $3.41 and a one 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 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The firm had revenue of $114.43 million during the quarter, compared to the consensus estimate of $119.45 million. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. Sell-side analysts anticipate 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 will be paid on Thursday, July 17th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.15 per share. 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 13.39%. Brandywine Realty Trust's payout ratio is presently -50.00%.
Insider Activity
In other Brandywine Realty Trust news, CEO Gerard H. Sweeney bought 61,576 shares of the company's stock in a transaction on Friday, May 2nd. The stock was bought at an average price of $4.07 per share, for a total transaction of $250,614.32. Following the transaction, the chief executive officer now owns 2,949,092 shares of the company's stock, valued at approximately $12,002,804.44. The trade was a 2.13% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.30% of the company's stock.
Analyst Ratings Changes
Separately, Wall Street Zen cut Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, May 1st.
Read Our Latest Stock Analysis on BDN
About Brandywine Realty Trust
(
Free Report)
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.
Further Reading
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