JPMorgan Chase & Co. Decreases Stake in Brandywine Realty Trust (NYSE:BDN)

JPMorgan Chase & Co. trimmed its holdings in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 32.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,843,263 shares of the real estate investment trust's stock after selling 1,862,058 shares during the quarter. JPMorgan Chase & Co. owned 2.23% of Brandywine Realty Trust worth $20,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP increased its holdings in Brandywine Realty Trust by 752.5% during the 3rd quarter. Quarry LP now owns 4,595 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 4,056 shares during the period. Point72 DIFC Ltd bought a new position in shares of Brandywine Realty Trust during the 2nd quarter worth $27,000. Sei Investments Co. purchased a new position in shares of Brandywine Realty Trust during the second quarter valued at $48,000. EverSource Wealth Advisors LLC raised its holdings in shares of Brandywine Realty Trust by 381.7% in the second quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 9,753 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in Brandywine Realty Trust in the third quarter worth about $55,000. 87.27% of the stock is currently owned by institutional investors.

Brandywine Realty Trust Stock Down 4.3 %

Shares of NYSE:BDN traded down $0.23 during trading on Thursday, reaching $5.16. The stock had a trading volume of 2,859,674 shares, compared to its average volume of 2,620,574. The firm's 50-day simple moving average is $5.50 and its 200 day simple moving average is $5.26. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.05. Brandywine Realty Trust has a one year low of $3.85 and a one year high of $6.54. The company has a market capitalization of $890.96 million, a P/E ratio of -2.87 and a beta of 1.34.

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

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Wednesday, January 8th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 11.63%. The ex-dividend date is Wednesday, January 8th. Brandywine Realty Trust's dividend payout ratio is presently -33.33%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. StockNews.com raised shares of Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, December 28th. Evercore ISI upped their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an "in-line" rating in a report on Monday, September 16th.

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.