Algert Global LLC Sells 190,640 Shares of Brandywine Realty Trust (NYSE:BDN)

Algert Global LLC lowered its holdings in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 29.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 464,239 shares of the real estate investment trust's stock after selling 190,640 shares during the period. Algert Global LLC owned approximately 0.27% of Brandywine Realty Trust worth $2,525,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. ProShare Advisors LLC lifted its stake in shares of Brandywine Realty Trust by 7.4% in the first quarter. ProShare Advisors LLC now owns 34,360 shares of the real estate investment trust's stock worth $165,000 after buying an additional 2,360 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Brandywine Realty Trust by 6.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,613 shares of the real estate investment trust's stock valued at $191,000 after purchasing an additional 2,404 shares during the last quarter. CWM LLC raised its holdings in shares of Brandywine Realty Trust by 10.8% during the third quarter. CWM LLC now owns 26,063 shares of the real estate investment trust's stock valued at $142,000 after purchasing an additional 2,540 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Brandywine Realty Trust by 7.2% during the third quarter. First Trust Direct Indexing L.P. now owns 38,358 shares of the real estate investment trust's stock valued at $209,000 after purchasing an additional 2,585 shares during the last quarter. Finally, Presima Securities ULC raised its holdings in shares of Brandywine Realty Trust by 1.1% during the third quarter. Presima Securities ULC now owns 245,167 shares of the real estate investment trust's stock valued at $1,334,000 after purchasing an additional 2,700 shares during the last quarter. Institutional investors own 87.27% of the company's stock.

Analyst Ratings Changes

Separately, Evercore ISI boosted their price objective on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the company an "in-line" rating in a report on Monday, September 16th.

Brandywine Realty Trust Stock Down 1.0 %

Shares of BDN stock opened at $5.70 on Wednesday. Brandywine Realty Trust has a 12 month low of $3.85 and a 12 month high of $6.54. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.05. The company has a 50 day simple moving average of $5.52 and a two-hundred day simple moving average of $5.05.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing analysts' consensus estimates of $0.24 by ($1.20). Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. The business had revenue of $117.96 million for the quarter, compared to analysts' expectations of $120.00 million. During the same period in the prior year, the company posted $0.29 earnings per share. The firm's quarterly revenue was down 3.0% on a year-over-year basis. On average, analysts expect that Brandywine Realty Trust will post 0.92 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a yield of 10.53%. Brandywine Realty Trust's dividend payout ratio is currently -33.33%.

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.