Charles Schwab Investment Management Inc. Sells 708,641 Shares of Brandywine Realty Trust (NYSE:BDN)

Charles Schwab Investment Management Inc. cut its position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 17.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,419,033 shares of the real estate investment trust's stock after selling 708,641 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.98% of Brandywine Realty Trust worth $19,147,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in Brandywine Realty Trust by 2.2% during the third quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust's stock worth $55,880,000 after purchasing an additional 218,444 shares during the last quarter. Yeomans Consulting Group Inc. bought a new stake in Brandywine Realty Trust in the fourth quarter worth about $16,617,000. Nordea Investment Management AB raised its position in Brandywine Realty Trust by 5.9% in the fourth quarter. Nordea Investment Management AB now owns 1,270,156 shares of the real estate investment trust's stock worth $7,164,000 after acquiring an additional 70,985 shares during the period. New York State Common Retirement Fund raised its position 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 worth $6,377,000 after acquiring an additional 1,097,955 shares during the period. Finally, Systematic Financial Management LP raised its position in Brandywine Realty Trust by 36.4% in 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 acquiring an additional 254,825 shares during the period. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

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Brandywine Realty Trust Stock Performance

Shares of NYSE BDN traded down $0.14 during midday trading on Friday, hitting $4.49. The company's stock had a trading volume of 4,797,116 shares, compared to its average volume of 1,834,085. The stock has a fifty day moving average price of $4.96 and a 200 day moving average price of $5.31. Brandywine Realty Trust has a one year low of $4.17 and a one year high of $6.54. The company has a current ratio of 2.26, a quick ratio of 1.74 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $776.22 million, a price-to-earnings ratio of -3.93 and a beta of 1.35.

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 the consensus estimate 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%. On average, research analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 13.38%. The ex-dividend date of this dividend is Thursday, April 3rd. Brandywine Realty Trust's dividend payout ratio (DPR) is currently -52.63%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on BDN. StockNews.com lowered shares of Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Evercore ISI lowered their price objective on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th.

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.