Brandywine Realty Trust (NYSE:BDN) Stock Position Lifted by Nuveen Asset Management LLC

Nuveen Asset Management LLC boosted its holdings in Brandywine Realty Trust (NYSE:BDN - Free Report) by 39.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 673,737 shares of the real estate investment trust's stock after acquiring an additional 189,143 shares during the quarter. Nuveen Asset Management LLC owned 0.39% of Brandywine Realty Trust worth $3,773,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in shares of 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 valued at $159,620,000 after acquiring an additional 1,459,236 shares during the period. Lighthouse Investment Partners LLC bought a new position in Brandywine Realty Trust during the 4th quarter valued at $6,848,000. Barclays PLC increased its position in shares of Brandywine Realty Trust by 91.8% during the 3rd quarter. Barclays PLC now owns 460,039 shares of the real estate investment trust's stock valued at $2,502,000 after purchasing an additional 220,176 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Brandywine Realty Trust by 42.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 668,148 shares of the real estate investment trust's stock valued at $3,743,000 after purchasing an additional 200,067 shares during the period. Finally, Amundi lifted its holdings in shares of Brandywine Realty Trust by 44.1% in the fourth quarter. Amundi now owns 172,578 shares of the real estate investment trust's stock valued at $889,000 after buying an additional 52,785 shares during the period. Institutional investors own 87.27% of the company's stock.

Insider Transactions at Brandywine Realty Trust

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney purchased 61,576 shares of the stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $4.07 per share, for a total transaction of $250,614.32. Following the completion of the acquisition, the chief executive officer now owns 2,949,092 shares of the company's stock, valued at $12,002,804.44. This represents a 2.13% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BDN. Evercore ISI lowered their target price on Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th. Wall Street Zen lowered shares of Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st.

Brandywine Realty Trust Price Performance

Shares of NYSE BDN traded up $0.17 during trading on Tuesday, hitting $4.35. The company had a trading volume of 1,988,233 shares, compared to its average volume of 2,051,196. Brandywine Realty Trust has a 52 week low of $3.41 and a 52 week high of $6.54. The business's 50-day moving average is $4.06 and its 200 day moving average is $4.80. The company has a market cap of $751.47 million, a P/E ratio of -3.81 and a beta of 1.39. 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 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. The company had revenue of $114.43 million for the quarter, compared to analyst estimates of $119.45 million. Equities research analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company 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 13.81%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brandywine Realty Trust's dividend payout ratio (DPR) is currently -50.00%.

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.