New York State Common Retirement Fund Buys 257,171 Shares of Brandywine Realty Trust (NYSE:BDN)

New York State Common Retirement Fund increased its position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 22.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,395,962 shares of the real estate investment trust's stock after purchasing an additional 257,171 shares during the period. New York State Common Retirement Fund owned 0.81% of Brandywine Realty Trust worth $6,226,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Headlands Technologies LLC increased its stake in shares of Brandywine Realty Trust by 64.1% in the fourth quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 2,441 shares during the period. Breakthru Advisory Services LLC acquired a new stake in shares of Brandywine Realty Trust during the fourth quarter valued at about $56,000. Sciencast Management LP acquired a new position in shares of Brandywine Realty Trust in the fourth quarter valued at approximately $57,000. Tidal Investments LLC acquired a new position in Brandywine Realty Trust during the 4th quarter worth approximately $60,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Brandywine Realty Trust by 479.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,565 shares of the real estate investment trust's stock worth $87,000 after buying an additional 12,879 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st.

Brandywine Realty Trust Trading Up 2.0%

Shares of NYSE BDN traded up $0.09 during trading on Tuesday, reaching $4.25. The company had a trading volume of 1,446,457 shares, compared to its average volume of 2,165,131. The company's fifty day moving average price is $4.29 and its 200-day moving average price is $4.50. Brandywine Realty Trust has a 12 month low of $3.41 and a 12 month high of $6.54. The stock has a market cap of $734.17 million, a P/E ratio of -3.54 and a beta of 1.42. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 2.22.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The company 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 40.97% and a negative return on equity of 18.44%. As a group, research analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, July 2nd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 14.13%. The ex-dividend date was Wednesday, July 2nd. Brandywine Realty Trust's dividend payout ratio is -50.00%.

Insider Transactions at Brandywine Realty Trust

In related news, CEO Gerard H. Sweeney bought 61,576 shares of the stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $4.07 per share, with a total value of $250,614.32. Following the purchase, the chief executive officer owned 2,949,092 shares in the company, valued at approximately $12,002,804.44. The trade was a 2.13% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Corporate 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.