Systematic Financial Management LP Cuts Stock Holdings in Brandywine Realty Trust (NYSE:BDN)

Systematic Financial Management LP decreased its stake in Brandywine Realty Trust (NYSE:BDN - Free Report) by 53.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 447,781 shares of the real estate investment trust's stock after selling 506,544 shares during the quarter. Systematic Financial Management LP owned approximately 0.26% of Brandywine Realty Trust worth $2,508,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake 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 valued at $159,620,000 after acquiring an additional 1,459,236 shares in the last quarter. Yeomans Consulting Group Inc. purchased a new stake in shares of Brandywine Realty Trust in the fourth quarter worth about $16,617,000. Invesco Ltd. boosted its stake in Brandywine Realty Trust by 193.7% during the fourth quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust's stock valued at $15,748,000 after buying an additional 1,854,749 shares during the last quarter. Millennium Management LLC grew its holdings in Brandywine Realty Trust by 91.2% during the 4th quarter. Millennium Management LLC now owns 2,644,898 shares of the real estate investment trust's stock valued at $14,811,000 after buying an additional 1,261,752 shares in the last quarter. Finally, Kawa Capital Management Inc bought a new stake in Brandywine Realty Trust in the 4th quarter worth approximately $14,713,000. 87.27% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Brandywine Realty Trust

In other news, CEO Gerard H. Sweeney purchased 61,576 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were bought at an average cost of $4.07 per share, for a total transaction of $250,614.32. Following the acquisition, the chief executive officer now owns 2,949,092 shares of the company's stock, valued at approximately $12,002,804.44. This trade represents a 2.13% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.30% of the company's stock.

Brandywine Realty Trust Trading Down 1.6%

BDN traded down $0.07 on Friday, hitting $4.09. The company had a trading volume of 564,973 shares, compared to its average volume of 2,036,717. The business's fifty day simple moving average is $4.11 and its 200 day simple moving average is $4.86. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 2.12. 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 $706.50 million, a PE ratio of -3.57 and a beta of 1.39.

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). 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 during the quarter, compared to analysts' expectations of $119.45 million. Equities research analysts expect that Brandywine Realty Trust will post 0.66 EPS for the current 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 paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 14.69%. The ex-dividend date is Wednesday, July 2nd. Brandywine Realty Trust's dividend payout ratio is currently -50.00%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Evercore ISI lowered their target price on 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. Wall Street Zen downgraded shares of Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st.

About Brandywine Realty Trust

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.