Employees Retirement System of Texas Acquires New Shares in Brandywine Realty Trust (NYSE:BDN)

Employees Retirement System of Texas purchased a new stake in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 400,000 shares of the real estate investment trust's stock, valued at approximately $2,240,000. Employees Retirement System of Texas owned about 0.23% of Brandywine Realty Trust at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Kestra Investment Management LLC purchased a new position in Brandywine Realty Trust in the 4th quarter worth approximately $26,000. US Bancorp DE raised its holdings 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 valued at $32,000 after buying an additional 5,599 shares during the last quarter. Headlands Technologies LLC boosted its position 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 buying an additional 2,441 shares during the period. Smartleaf Asset Management LLC grew its holdings in Brandywine Realty Trust by 360.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 8,248 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 6,457 shares during the last quarter. Finally, Breakthru Advisory Services LLC purchased a new position in shares of Brandywine Realty Trust in the fourth quarter valued at about $56,000. 87.27% of the stock is owned by hedge funds and other institutional investors.

Brandywine Realty Trust Trading Up 0.5%

BDN stock traded up $0.02 on Friday, reaching $4.22. The company's stock had a trading volume of 3,197,874 shares, compared to its average volume of 2,058,321. The firm has a market cap of $729.85 million, a PE ratio of -3.70 and a beta of 1.39. The business has a fifty day simple moving average of $4.07 and a two-hundred day simple moving average of $4.81. Brandywine Realty Trust has a 12-month low of $3.41 and a 12-month high of $6.54. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its earnings results 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 business had revenue of $114.43 million for 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%. As a group, research analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

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 issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $0.60 annualized dividend and a dividend yield of 14.22%. Brandywine Realty Trust's payout ratio is -50.00%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on BDN shares. Evercore ISI dropped their target price on shares of 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. Wall Street Zen lowered Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st.

Insider Activity

In related news, CEO Gerard H. Sweeney purchased 61,576 shares of the stock in a transaction dated Friday, May 2nd. The stock was purchased at an average price 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 in the company, valued at $12,002,804.44. This trade represents a 2.13% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.30% of the company's stock.

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.