Millennium Management LLC Purchases 1,261,752 Shares of Brandywine Realty Trust (NYSE:BDN)

Millennium Management LLC lifted its position in Brandywine Realty Trust (NYSE:BDN - Free Report) by 91.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,644,898 shares of the real estate investment trust's stock after buying an additional 1,261,752 shares during the period. Millennium Management LLC owned approximately 1.53% of Brandywine Realty Trust worth $14,811,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Brandywine Realty Trust by 5.4% in 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 last quarter. Lighthouse Investment Partners LLC purchased a new position in shares of Brandywine Realty Trust in the 4th quarter valued at about $6,848,000. Barclays PLC raised its position in 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 acquiring an additional 220,176 shares during the period. Allspring Global Investments Holdings LLC raised its position in 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 acquiring an additional 200,067 shares during the period. Finally, Yeomans Consulting Group Inc. acquired a new position in Brandywine Realty Trust during the fourth quarter worth $16,617,000. 87.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney bought 61,576 shares of the business'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 completion of the purchase, the chief executive officer now directly owns 2,949,092 shares in the company, valued at approximately $12,002,804.44. This trade represents a 2.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.30% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wall Street Zen cut shares of Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Evercore ISI decreased their price target on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating for the company in a research report on Thursday, February 6th.

Brandywine Realty Trust Price Performance

Brandywine Realty Trust stock traded down $0.06 during mid-day trading on Wednesday, reaching $4.18. The company had a trading volume of 262,478 shares, compared to its average volume of 2,040,505. Brandywine Realty Trust has a 1 year low of $3.41 and a 1 year high of $6.54. 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 company has a market capitalization of $722.07 million, a P/E ratio of -3.67 and a beta of 1.39. The stock's 50-day simple moving average is $4.08 and its 200-day simple moving average is $4.83.

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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The firm had revenue of $114.43 million for the quarter, compared to analyst estimates of $119.45 million. Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. On average, equities analysts predict that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The business 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 $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 14.37%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brandywine Realty Trust's payout ratio is currently -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.