Brandywine Realty Trust (NYSE:BDN) Position Reduced by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in Brandywine Realty Trust (NYSE:BDN - Free Report) by 13.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,127,674 shares of the real estate investment trust's stock after selling 638,222 shares during the period. Charles Schwab Investment Management Inc. owned approximately 2.39% of Brandywine Realty Trust worth $22,455,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BDN. Point72 DIFC Ltd purchased a new stake in Brandywine Realty Trust during the 2nd quarter worth $27,000. Sei Investments Co. bought a new stake in shares of Brandywine Realty Trust in the 2nd quarter worth about $48,000. EverSource Wealth Advisors LLC lifted its position in shares of Brandywine Realty Trust by 381.7% during the second quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust's stock worth $55,000 after purchasing an additional 9,753 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in Brandywine Realty Trust in the third quarter worth about $62,000. Finally, KBC Group NV increased its holdings in Brandywine Realty Trust by 70.5% in the third quarter. KBC Group NV now owns 12,166 shares of the real estate investment trust's stock valued at $66,000 after buying an additional 5,029 shares during the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Brandywine Realty Trust Stock Performance

Shares of NYSE:BDN traded up $0.03 during trading on Friday, hitting $5.62. 1,569,909 shares of the company traded hands, compared to its average volume of 1,880,571. 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 business's fifty day moving average is $5.58 and its 200-day moving average is $5.09. The stock has a market capitalization of $970.38 million, a price-to-earnings ratio of -3.11 and a beta of 1.35. Brandywine Realty Trust has a one year low of $3.85 and a one year high of $6.54.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last issued its quarterly earnings data 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). The company had revenue of $117.96 million for the quarter, compared to the consensus estimate of $120.00 million. Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. Brandywine Realty Trust's quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 earnings per share. As a group, equities analysts predict that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 10.68%. The ex-dividend date was Wednesday, October 9th. 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.