Brandywine Realty Trust (NYSE:BDN) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in Brandywine Realty Trust (NYSE:BDN - Free Report) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,178,304 shares of the real estate investment trust's stock after selling 342,556 shares during the period. Bank of New York Mellon Corp owned 0.68% of Brandywine Realty Trust worth $6,599,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in BDN. Yeomans Consulting Group Inc. acquired a new position in shares of Brandywine Realty Trust in the 4th quarter valued at $16,617,000. New York State Common Retirement Fund increased 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 purchasing an additional 1,097,955 shares during the period. Brookfield Corp ON purchased a new stake in shares of Brandywine Realty Trust in the third quarter valued at about $2,314,000. Segall Bryant & Hamill LLC acquired a new stake in shares of Brandywine Realty Trust during the third quarter worth about $1,937,000. Finally, Systematic Financial Management LP grew its holdings in shares of Brandywine Realty Trust by 36.4% during the third quarter. Systematic Financial Management LP now owns 954,325 shares of the real estate investment trust's stock worth $5,192,000 after buying an additional 254,825 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company's stock.

Brandywine Realty Trust Stock Performance

Shares of Brandywine Realty Trust stock traded down $0.01 on Thursday, reaching $4.63. 955,104 shares of the stock were exchanged, compared to its average volume of 1,843,264. Brandywine Realty Trust has a 1-year low of $4.17 and a 1-year high of $6.54. The business has a fifty day moving average price of $4.98 and a two-hundred day moving average price of $5.32. The firm has a market capitalization of $800.45 million, a PE ratio of -4.07 and a beta of 1.35. The company has a current ratio of 2.26, a quick ratio of 1.74 and a debt-to-equity ratio of 2.12.

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Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be given a $0.15 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 12.97%. Brandywine Realty Trust's dividend payout ratio is presently -52.63%.

Wall Street Analysts Forecast Growth

Several analysts have commented on BDN shares. StockNews.com downgraded Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Evercore ISI decreased their price target 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 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.