Lighthouse Investment Partners LLC Buys New Shares in Brandywine Realty Trust (NYSE:BDN)

Lighthouse Investment Partners LLC purchased a new stake in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,222,868 shares of the real estate investment trust's stock, valued at approximately $6,848,000. Lighthouse Investment Partners LLC owned 0.71% of Brandywine Realty Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Brandywine Realty Trust by 5.4% during the fourth 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. Yeomans Consulting Group Inc. purchased a new stake in shares of Brandywine Realty Trust during the 4th quarter worth about $16,617,000. Invesco Ltd. grew its stake in shares of Brandywine Realty Trust by 193.7% in the 4th quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust's stock valued at $15,748,000 after buying an additional 1,854,749 shares in the last quarter. Kawa Capital Management Inc acquired a new position in Brandywine Realty Trust in the fourth quarter worth approximately $14,713,000. Finally, Northern Trust Corp raised its position in Brandywine Realty Trust by 19.7% during the fourth quarter. Northern Trust Corp now owns 2,501,798 shares of the real estate investment trust's stock valued at $14,010,000 after acquiring an additional 411,003 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company's stock.

Analyst Ratings Changes

BDN has been the subject of several recent research reports. StockNews.com downgraded shares of Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research report on Thursday, May 1st. Evercore ISI decreased their price objective on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating for the company in a report on Thursday, February 6th.

Brandywine Realty Trust Stock Up 0.3%

Shares of NYSE BDN traded up $0.02 during mid-day trading on Friday, reaching $4.33. 1,228,494 shares of the company traded hands, compared to its average volume of 2,024,291. The company's fifty day moving average is $4.14 and its two-hundred day moving average is $4.89. 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 fifty-two week low of $3.41 and a fifty-two week high of $6.54. The stock has a market cap of $748.01 million, a PE ratio of -3.79 and a beta of 1.39.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its 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). Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. The company had revenue of $114.43 million for the quarter, compared to the consensus estimate of $119.45 million. On average, analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 3rd were issued a $0.15 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.60 annualized dividend and a yield of 13.87%. Brandywine Realty Trust's dividend payout ratio (DPR) is presently -50.00%.

Insider Buying and Selling

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney purchased 61,576 shares of the stock in a transaction dated Friday, May 2nd. The shares were bought at an average cost of $4.07 per share, with a total value of $250,614.32. Following the completion of the transaction, the chief executive officer now owns 2,949,092 shares in the company, valued at $12,002,804.44. This trade represents a 2.13% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.30% of the company's stock.

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.