Legal & General Group Plc reduced its position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 8.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,082,924 shares of the real estate investment trust's stock after selling 103,091 shares during the period. Legal & General Group Plc owned approximately 0.63% of Brandywine Realty Trust worth $6,064,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC grew its position in Brandywine Realty Trust by 13.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,888 shares of the real estate investment trust's stock worth $95,000 after buying an additional 2,064 shares during the period. Pine Valley Investments Ltd Liability Co boosted its stake in shares of Brandywine Realty Trust by 13.1% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 18,914 shares of the real estate investment trust's stock worth $106,000 after acquiring an additional 2,190 shares in the last quarter. Headlands Technologies LLC grew its holdings in shares of Brandywine Realty Trust by 64.1% in the 4th quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust's stock worth $35,000 after acquiring an additional 2,441 shares during the period. Kestra Investment Management LLC purchased a new position in Brandywine Realty Trust in the 4th quarter valued at approximately $26,000. Finally, 17 Capital Partners LLC raised its holdings in Brandywine Realty Trust by 37.7% during the fourth quarter. 17 Capital Partners LLC now owns 18,240 shares of the real estate investment trust's stock worth $102,000 after purchasing an additional 4,991 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company's stock.
Analyst Ratings Changes
BDN has been the subject of several research reports. Evercore ISI cut their price target on Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating for the company in a research note on Thursday, February 6th. StockNews.com downgraded shares of Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, February 6th.
Check Out Our Latest Stock Analysis on Brandywine Realty Trust
Brandywine Realty Trust Price Performance
Brandywine Realty Trust stock traded up $0.09 during mid-day trading on Wednesday, hitting $3.98. 2,902,334 shares of the company were exchanged, compared to its average volume of 1,971,479. Brandywine Realty Trust has a 12-month low of $3.41 and a 12-month high of $6.54. The company has a market capitalization of $688.30 million, a P/E ratio of -3.49 and a beta of 1.32. The business's 50 day simple moving average is $4.38 and its two-hundred day simple moving average is $5.09. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74.
Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. The company had revenue of $114.43 million for the quarter, compared to analysts' expectations of $119.45 million. Analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.
Brandywine Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Thursday, April 3rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 15.09%. The ex-dividend date of this dividend was Thursday, April 3rd. Brandywine Realty Trust's payout ratio is -52.63%.
Brandywine Realty Trust Profile
(
Free Report)
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.
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