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

Renaissance Technologies LLC reduced its position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 88.0% in the fourth 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 SEC filing.

Several other hedge funds also recently modified their holdings of BDN. Yeomans Consulting Group Inc. acquired a new position in Brandywine Realty Trust in the fourth quarter worth approximately $16,617,000. Kawa Capital Management Inc acquired a new position in shares of Brandywine Realty Trust in the 4th quarter worth $14,713,000. Invesco Ltd. raised its position in shares of Brandywine Realty Trust by 193.7% during the fourth quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust's stock worth $15,748,000 after purchasing an additional 1,854,749 shares during the period. Vanguard Group Inc. lifted 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 valued at $159,620,000 after purchasing an additional 1,459,236 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of 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 valued at $6,377,000 after purchasing an additional 1,097,955 shares during the period. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Stock Up 1.9%

NYSE:BDN traded up $0.08 during trading hours on Friday, hitting $4.20. 1,388,961 shares of the stock traded hands, compared to its average volume of 2,017,874. The firm has a 50 day moving average price of $4.17 and a 200 day moving average price of $4.92. The firm has a market cap of $726.39 million, a price-to-earnings ratio of -3.68 and a beta of 1.39. Brandywine Realty Trust has a fifty-two week low of $3.41 and a fifty-two week high of $6.54. 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 (NYSE:BDN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. The business had revenue of $114.43 million for the quarter, compared to analyst estimates of $119.45 million. Equities research analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 3rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 14.29%. The ex-dividend date was Thursday, April 3rd. Brandywine Realty Trust's dividend payout ratio is currently -50.00%.

Insider Activity at Brandywine Realty Trust

In related news, CEO Gerard H. Sweeney purchased 61,576 shares of the stock in a transaction dated Friday, May 2nd. The shares were acquired at an average cost of $4.07 per share, for a total transaction of $250,614.32. Following the acquisition, the chief executive officer now directly owns 2,949,092 shares in the company, valued at approximately $12,002,804.44. The trade was a 2.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have commented on BDN shares. StockNews.com lowered shares of Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. Evercore ISI cut their price target on shares of 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.

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.