XTX Topco Ltd bought a new stake in Brandywine Realty Trust (NYSE:BDN - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 126,638 shares of the real estate investment trust's stock, valued at approximately $709,000. XTX Topco Ltd owned 0.07% of Brandywine Realty Trust as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BDN. Yeomans Consulting Group Inc. acquired a new position in Brandywine Realty Trust in the fourth quarter valued at $16,617,000. Kawa Capital Management Inc acquired a new position in Brandywine Realty Trust in the fourth quarter valued at $14,713,000. Invesco Ltd. boosted its stake in Brandywine Realty Trust by 193.7% in the fourth quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust's stock valued at $15,748,000 after acquiring an additional 1,854,749 shares in the last quarter. Vanguard Group Inc. boosted its stake in Brandywine Realty Trust by 5.4% in 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 acquiring an additional 1,459,236 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its stake in Brandywine Realty Trust by 2,688.7% in the fourth 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 acquiring an additional 1,097,955 shares in the last quarter. Hedge funds and other institutional investors own 87.27% of the company's stock.
Brandywine Realty Trust Stock Performance
Shares of BDN stock traded up $0.15 during midday trading on Wednesday, hitting $4.04. The company had a trading volume of 942,906 shares, compared to its average volume of 2,525,234. The company's 50 day simple moving average is $4.38 and its 200 day simple moving average is $5.09. Brandywine Realty Trust has a 52-week low of $3.41 and a 52-week high of $6.54. The stock has a market cap of $699.21 million, a price-to-earnings ratio of -3.54 and a beta of 1.32. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74.
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 analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $119.45 million. Research analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.
Brandywine Realty Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 3rd were paid a $0.15 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.85%. Brandywine Realty Trust's dividend payout ratio (DPR) is presently -52.63%.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on BDN. Evercore ISI lowered their target price on 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. StockNews.com downgraded Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th.
Get Our Latest Research Report on BDN
About Brandywine Realty Trust
(
Free Report)
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.
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