Renaissance Technologies LLC Sells 311,436 Shares of Brandywine Realty Trust (NYSE:BDN)

Renaissance Technologies LLC decreased its position in Brandywine Realty Trust (NYSE:BDN - Free Report) by 88.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 42,600 shares of the real estate investment trust's stock after selling 311,436 shares during the quarter. Renaissance Technologies LLC's holdings in Brandywine Realty Trust were worth $239,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in 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 purchasing an additional 1,459,236 shares during the period. Yeomans Consulting Group Inc. acquired a new position in Brandywine Realty Trust in the 4th quarter valued at $16,617,000. Invesco Ltd. lifted its position in Brandywine Realty Trust by 193.7% during the 4th quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust's stock worth $15,748,000 after acquiring an additional 1,854,749 shares during the last quarter. Kawa Capital Management Inc bought a new stake in Brandywine Realty Trust during the fourth quarter valued at about $14,713,000. Finally, Nordea Investment Management AB grew its position in shares of 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 during the last quarter. Institutional investors own 87.27% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on BDN. StockNews.com lowered Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, May 1st. Evercore ISI reduced their price objective on Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating for the company in a research report on Thursday, February 6th.

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 stock was bought at an average price of $4.07 per share, for a total transaction of $250,614.32. Following the transaction, the chief executive officer now directly owns 2,949,092 shares in the company, valued at $12,002,804.44. This represents a 2.13 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 3.30% of the company's stock.

Brandywine Realty Trust Price Performance

Shares of NYSE:BDN traded down $0.07 during midday trading on Thursday, reaching $4.13. 1,771,978 shares of the company's stock were exchanged, compared to its average volume of 2,010,121. The firm has a market capitalization of $713.42 million, a PE ratio of -3.62 and a beta of 1.39. The company's 50 day simple moving average is $4.18 and its two-hundred day simple moving average is $4.94. Brandywine Realty Trust has a 12 month low of $3.41 and a 12 month high of $6.54. 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 (NYSE:BDN - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $114.43 million during the quarter, compared to analyst estimates of $119.45 million. Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. Equities research analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 3rd were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 14.55%. The ex-dividend date of this dividend was Thursday, April 3rd. Brandywine Realty Trust's dividend payout ratio is -50.00%.

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.