Arrowstreet Capital Limited Partnership Sells 432,409 Shares of Brandywine Realty Trust (NYSE:BDN)

Arrowstreet Capital Limited Partnership trimmed its stake in Brandywine Realty Trust (NYSE:BDN - Free Report) by 15.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,438,385 shares of the real estate investment trust's stock after selling 432,409 shares during the quarter. Arrowstreet Capital Limited Partnership owned approximately 1.41% of Brandywine Realty Trust worth $13,655,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Kawa Capital Management Inc acquired a new stake in shares of Brandywine Realty Trust in the 4th quarter valued at approximately $14,713,000. Nomura Asset Management Co. Ltd. lifted its stake in Brandywine Realty Trust by 4.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 225,800 shares of the real estate investment trust's stock valued at $1,264,000 after acquiring an additional 10,000 shares during the last quarter. EntryPoint Capital LLC bought a new position in shares of Brandywine Realty Trust in the 4th quarter valued at about $214,000. Vanguard Group Inc. increased its stake in shares of Brandywine Realty Trust by 5.4% during the 4th 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 last quarter. Finally, LPL Financial LLC lifted its stake in Brandywine Realty Trust by 28.5% in the 4th quarter. LPL Financial LLC now owns 58,683 shares of the real estate investment trust's stock valued at $329,000 after purchasing an additional 13,031 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company's stock.

Analysts Set New Price Targets

BDN has been the subject of several research reports. StockNews.com downgraded Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Evercore ISI dropped their price objective on 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 Price Performance

Shares of BDN stock traded up $0.10 on Wednesday, hitting $3.76. 6,040,424 shares of the company's stock were exchanged, compared to its average volume of 1,933,118. Brandywine Realty Trust has a 12 month low of $3.42 and a 12 month high of $6.54. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74. The company has a 50 day moving average of $4.62 and a 200 day moving average of $5.20. The stock has a market cap of $650.23 million, a P/E ratio of -3.30 and a beta of 1.32.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. On average, equities research analysts predict that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 15.97%. The ex-dividend date is Thursday, April 3rd. Brandywine Realty Trust's payout ratio is currently -52.63%.

About Brandywine Realty Trust

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.