Two Sigma Advisers LP lowered its holdings in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 512,100 shares of the real estate investment trust's stock after selling 69,600 shares during the quarter. Two Sigma Advisers LP owned approximately 0.30% of Brandywine Realty Trust worth $2,868,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in Brandywine Realty Trust during the 4th quarter valued at approximately $26,000. US Bancorp DE grew its stake in Brandywine Realty Trust by 11,198.0% during the fourth quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust's stock valued at $32,000 after acquiring an additional 5,599 shares in the last quarter. Headlands Technologies LLC increased its holdings in Brandywine Realty Trust by 64.1% in the 4th quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 2,441 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake 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 purchasing an additional 6,457 shares in the last quarter. Finally, Sciencast Management LP bought a new position in shares of Brandywine Realty Trust during the 4th quarter valued at about $57,000. Institutional investors own 87.27% of the company's stock.
Brandywine Realty Trust Price Performance
Shares of NYSE BDN traded up $0.02 during mid-day trading on Friday, hitting $4.22. 3,197,874 shares of the company's stock traded hands, compared to its average volume of 2,053,542. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74. Brandywine Realty Trust has a 1 year low of $3.41 and a 1 year high of $6.54. The company's 50-day moving average is $4.07 and its two-hundred day moving average is $4.81. The company has a market capitalization of $729.85 million, a P/E ratio of -3.70 and a beta of 1.39.
Brandywine Realty Trust (NYSE:BDN - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $114.43 million for the quarter, compared to analysts' expectations of $119.45 million. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. On average, equities analysts anticipate that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.
Brandywine Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Shareholders of record on Wednesday, July 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 14.22%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brandywine Realty Trust's dividend payout ratio (DPR) is -50.00%.
Analyst Ratings Changes
BDN has been the topic of several research reports. Evercore ISI reduced 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 downgraded Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st.
Read Our Latest Analysis on BDN
Insider Activity
In other Brandywine Realty Trust news, CEO Gerard H. Sweeney purchased 61,576 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average cost of $4.07 per share, with a total value of $250,614.32. Following the purchase, the chief executive officer now owns 2,949,092 shares of the company's stock, valued at approximately $12,002,804.44. The trade was a 2.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.30% of the company's stock.
Brandywine Realty Trust Company Profile
(
Free Report)
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.
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