Greenland Capital Management LP Makes New Investment in Brandywine Realty Trust (NYSE:BDN)

Greenland Capital Management LP purchased a new position in Brandywine Realty Trust (NYSE:BDN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 72,821 shares of the real estate investment trust's stock, valued at approximately $408,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quarry LP grew its position in Brandywine Realty Trust by 752.5% during the third quarter. Quarry LP now owns 4,595 shares of the real estate investment trust's stock worth $25,000 after buying an additional 4,056 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Brandywine Realty Trust during the fourth quarter valued at about $26,000. US Bancorp DE increased its stake in Brandywine Realty Trust by 11,198.0% in the 4th quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 5,599 shares during the period. Headlands Technologies LLC raised its holdings in Brandywine Realty Trust by 64.1% during the 4th quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 2,441 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of 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 purchasing an additional 6,457 shares during the period. Hedge funds and other institutional investors own 87.27% of the company's stock.

Brandywine Realty Trust Stock Up 1.4 %

Shares of BDN traded up $0.05 on Monday, reaching $3.64. The stock had a trading volume of 807,289 shares, compared to its average volume of 2,505,297. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26. Brandywine Realty Trust has a 12-month low of $3.41 and a 12-month high of $6.54. The firm has a market capitalization of $629.98 million, a price-to-earnings ratio of -3.19 and a beta of 1.32. The company has a 50-day simple moving average of $4.55 and a 200-day simple moving average of $5.18.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. Sell-side analysts predict that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 16.48%. Brandywine Realty Trust's payout ratio is -52.63%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BDN shares. StockNews.com cut shares of Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Evercore ISI cut their target price on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th.

Brandywine Realty Trust Company 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.