Geode Capital Management LLC Sells 80,900 Shares of Brandywine Realty Trust (NYSE:BDN)

Geode Capital Management LLC trimmed its stake in Brandywine Realty Trust (NYSE:BDN - Free Report) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,307,804 shares of the real estate investment trust's stock after selling 80,900 shares during the quarter. Geode Capital Management LLC owned 2.49% of Brandywine Realty Trust worth $24,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Brandywine Realty Trust by 5.4% in 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 buying an additional 1,459,236 shares in the last quarter. Yeomans Consulting Group Inc. purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter worth $16,617,000. Kawa Capital Management Inc acquired a new stake in Brandywine Realty Trust during the fourth quarter valued at $14,713,000. Nordea Investment Management AB grew its stake in Brandywine Realty Trust by 5.9% in the fourth quarter. Nordea Investment Management AB now owns 1,270,156 shares of the real estate investment trust's stock valued at $7,164,000 after purchasing an additional 70,985 shares in the last quarter. Finally, New York State Common Retirement Fund increased its position in Brandywine Realty Trust by 2,688.7% in 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 purchasing an additional 1,097,955 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BDN. Evercore ISI cut their price objective on shares of 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. StockNews.com raised shares of Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research note on Wednesday.

Brandywine Realty Trust Stock Performance

Shares of Brandywine Realty Trust stock traded down $0.03 on Thursday, reaching $3.95. The stock had a trading volume of 311,304 shares, compared to its average volume of 1,965,358. Brandywine Realty Trust has a fifty-two week low of $3.41 and a fifty-two week high of $6.54. The business's 50-day moving average price is $4.37 and its two-hundred day moving average price is $5.08. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26. The stock has a market cap of $682.77 million, a P/E ratio of -3.47 and a beta of 1.32.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last released its quarterly 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). The firm had revenue of $114.43 million for the quarter, compared to the consensus estimate 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, sell-side analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 15.21%. The ex-dividend date was Thursday, April 3rd. Brandywine Realty Trust's dividend payout ratio is currently -52.63%.

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.