Franklin Resources Inc. reduced its position in Brandywine Realty Trust (NYSE:BDN - Free Report) by 64.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,950 shares of the real estate investment trust's stock after selling 115,604 shares during the period. Franklin Resources Inc.'s holdings in Brandywine Realty Trust were worth $358,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Yeomans Consulting Group Inc. purchased a new position in Brandywine Realty Trust in the 4th quarter valued at about $16,617,000. Kawa Capital Management Inc acquired a new stake in Brandywine Realty Trust in the fourth quarter valued at $14,713,000. Vanguard Group Inc. raised its position in shares of Brandywine Realty Trust by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust's stock worth $159,620,000 after acquiring an additional 1,459,236 shares in the last quarter. New York State Common Retirement Fund raised its position in shares of Brandywine Realty Trust by 2,688.7% during the 4th quarter. New York State Common Retirement Fund now owns 1,138,791 shares of the real estate investment trust's stock worth $6,377,000 after acquiring an additional 1,097,955 shares in the last quarter. Finally, Congress Asset Management Co. grew its stake in Brandywine Realty Trust by 36.3% during the 4th quarter. Congress Asset Management Co. now owns 887,606 shares of the real estate investment trust's stock worth $4,971,000 after buying an additional 236,613 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Evercore ISI dropped their price objective 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. StockNews.com upgraded Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research report on Wednesday.
Read Our Latest Research Report on Brandywine Realty Trust
Brandywine Realty Trust Trading Down 0.6 %
BDN traded down $0.03 during midday trading on Thursday, hitting $3.95. The company's stock had a trading volume of 242,094 shares, compared to its average volume of 1,965,114. The firm has a 50-day moving average price of $4.37 and a two-hundred day moving average price of $5.08. The company has a current ratio of 2.26, a quick ratio of 1.74 and a debt-to-equity ratio of 2.12. Brandywine Realty Trust has a 52-week low of $3.41 and a 52-week high of $6.54. The firm has a market cap of $682.77 million, a P/E ratio of -3.46 and a beta of 1.32.
Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its quarterly 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 business had revenue of $114.43 million for the quarter, compared to analyst estimates 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, research analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current year.
Brandywine Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were paid a dividend of $0.15 per share. The ex-dividend date was Thursday, April 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 15.21%. Brandywine Realty Trust's dividend payout ratio is currently -52.63%.
About Brandywine Realty Trust
(
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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