State Street Corp Has $55.88 Million Stock Position in Brandywine Realty Trust (NYSE:BDN)

State Street Corp grew its holdings in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 2.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,272,055 shares of the real estate investment trust's stock after purchasing an additional 218,444 shares during the quarter. State Street Corp owned about 5.95% of Brandywine Realty Trust worth $55,880,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of BDN. Lighthouse Investment Partners LLC grew its holdings in Brandywine Realty Trust by 50.6% during the second quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust's stock valued at $2,867,000 after purchasing an additional 215,000 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Brandywine Realty Trust during the 3rd quarter worth $2,546,000. Point72 Asset Management L.P. grew its stake in Brandywine Realty Trust by 7,435.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust's stock valued at $9,351,000 after buying an additional 2,059,542 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Brandywine Realty Trust by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust's stock worth $11,847,000 after acquiring an additional 91,852 shares during the period. Finally, Intech Investment Management LLC lifted its position in Brandywine Realty Trust by 34.5% during the 3rd quarter. Intech Investment Management LLC now owns 87,664 shares of the real estate investment trust's stock worth $477,000 after acquiring an additional 22,463 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company's stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI lifted their price objective on Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an "in-line" rating in a research note on Monday, September 16th.

Brandywine Realty Trust Stock Performance

Brandywine Realty Trust stock traded down $0.08 during mid-day trading on Thursday, reaching $5.34. The company had a trading volume of 1,843,095 shares, compared to its average volume of 1,880,873. 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 firm has a market cap of $922.04 million, a price-to-earnings ratio of -2.97 and a beta of 1.35. The company has a 50 day moving average of $5.58 and a 200-day moving average of $5.16. Brandywine Realty Trust has a 52 week low of $3.85 and a 52 week high of $6.54.

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

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Wednesday, January 8th will be given a $0.15 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 annualized dividend and a yield of 11.24%. Brandywine Realty Trust's dividend payout ratio (DPR) is currently -33.33%.

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.