Cerity Partners LLC Has $194,000 Holdings in Brandywine Realty Trust (NYSE:BDN)

Cerity Partners LLC trimmed its position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 60.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,514 shares of the real estate investment trust's stock after selling 65,719 shares during the quarter. Cerity Partners LLC's holdings in Brandywine Realty Trust were worth $194,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in BDN. Vanguard Group Inc. grew its position in Brandywine Realty Trust by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust's stock worth $159,620,000 after buying an additional 1,459,236 shares during the period. Invesco Ltd. increased its position in shares of Brandywine Realty Trust by 193.7% in the fourth 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 increased its position in shares of Brandywine Realty Trust by 91.2% in 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 in the last quarter. Northern Trust Corp grew its holdings in 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 valued at $14,010,000 after purchasing an additional 411,003 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Brandywine Realty Trust by 9.9% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,449,359 shares of the real estate investment trust's stock valued at $13,716,000 after purchasing an additional 221,039 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Price Performance

Shares of BDN stock traded up $0.02 during midday trading on Friday, reaching $4.02. 1,912,287 shares of the company were exchanged, compared to its average volume of 2,417,258. Brandywine Realty Trust has a 12 month low of $3.41 and a 12 month high of $6.54. The company has a market cap of $697.40 million, a P/E ratio of -2.14 and a beta of 1.42. The company's 50 day moving average price is $4.26 and its two-hundred day moving average price is $4.44. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.95 and a current ratio of 2.97.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). Brandywine Realty Trust had a negative net margin of 65.33% and a negative return on equity of 32.12%. The company had revenue of $114.20 million for the quarter, compared to analysts' expectations of $120.66 million. On average, sell-side analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, July 2nd were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.9%. The ex-dividend date was Wednesday, July 2nd. Brandywine Realty Trust's payout ratio is presently -31.91%.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.

Brandywine Realty Trust Company 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.