Brandywine Realty Trust (NYSE:BDN) Shares Sold by Two Sigma Investments LP

Two Sigma Investments LP decreased its stake in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 30.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 764,907 shares of the real estate investment trust's stock after selling 342,413 shares during the quarter. Two Sigma Investments LP owned about 0.44% of Brandywine Realty Trust worth $4,283,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BDN. Kestra Investment Management LLC purchased a new position in Brandywine Realty Trust during the fourth quarter worth approximately $26,000. US Bancorp DE lifted its position 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 worth $32,000 after buying an additional 5,599 shares in the last quarter. Headlands Technologies LLC lifted its position in Brandywine Realty Trust by 64.1% during the fourth quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust's stock worth $35,000 after buying an additional 2,441 shares in the last quarter. Smartleaf Asset Management LLC lifted its position in Brandywine Realty Trust by 360.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 8,248 shares of the real estate investment trust's stock worth $45,000 after buying an additional 6,457 shares in the last quarter. Finally, Sciencast Management LP purchased a new position in Brandywine Realty Trust during the fourth quarter worth approximately $57,000. Hedge funds and other institutional investors own 87.27% of the company's stock.

Insider Activity

In other news, CEO Gerard H. Sweeney acquired 61,576 shares of the company's stock in a transaction dated 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 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 document filed with the SEC, which is available at this link. Insiders own 3.30% of the company's stock.

Brandywine Realty Trust Trading Up 0.5%

NYSE:BDN traded up $0.02 on Friday, reaching $4.22. The company's stock had a trading volume of 3,197,874 shares, compared to its average volume of 2,058,321. Brandywine Realty Trust has a 12-month low of $3.41 and a 12-month high of $6.54. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 2.12. The firm has a market cap of $729.85 million, a price-to-earnings ratio of -3.70 and a beta of 1.39. The stock has a 50 day moving average price of $4.07 and a 200 day moving average price of $4.81.

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 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. The business had revenue of $114.43 million during the quarter, compared to analysts' expectations of $119.45 million. 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. Stockholders of record on Wednesday, July 2nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.22%. Brandywine Realty Trust's payout ratio is presently -50.00%.

Analyst Ratings Changes

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

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.