Beach Investment Counsel Inc. PA bought a new position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 370,263 shares of the real estate investment trust's stock, valued at approximately $1,651,000. Beach Investment Counsel Inc. PA owned 0.21% of Brandywine Realty Trust at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in the business. Kawa Capital Management Inc acquired a new stake in shares of Brandywine Realty Trust during the 4th quarter worth approximately $14,713,000. Penn Capital Management Company LLC acquired a new stake in Brandywine Realty Trust in the fourth quarter valued at about $13,300,000. Invesco Ltd. raised its stake in shares of Brandywine Realty Trust by 193.7% during the fourth quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust's stock valued at $15,748,000 after acquiring an additional 1,854,749 shares during the last quarter. Vanguard Group Inc. increased its holdings 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 valued at $159,620,000 after purchasing an additional 1,459,236 shares during the period. Finally, Millennium Management LLC raised its position 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 worth $14,811,000 after acquiring an additional 1,261,752 shares during the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.
Brandywine Realty Trust Trading Down 1.0%
Shares of BDN stock traded down $0.05 during mid-day trading on Wednesday, hitting $4.52. The company's stock had a trading volume of 1,838,697 shares, compared to its average volume of 2,368,770. The company has a market cap of $780.87 million, a PE ratio of -3.96 and a beta of 1.44. 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 company's fifty day simple moving average is $4.06 and its 200-day simple moving average is $4.76. Brandywine Realty Trust has a 52 week low of $3.41 and a 52 week high of $6.54.
Brandywine Realty Trust (NYSE:BDN - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $114.43 million during the quarter, compared to analyst estimates of $119.45 million. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. As a group, equities research analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.
Brandywine Realty Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, July 2nd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 13.29%. The ex-dividend date is Wednesday, July 2nd. Brandywine Realty Trust's dividend payout ratio (DPR) is currently -50.00%.
Insider Activity
In other news, CEO Gerard H. Sweeney bought 61,576 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average cost of $4.07 per share, with a total value of $250,614.32. Following the transaction, the chief executive officer now directly owns 2,949,092 shares of the company's stock, valued at approximately $12,002,804.44. This represents a 2.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 3.30% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen cut Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, May 1st.
Get 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.
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