Congress Asset Management Co. Purchases 236,613 Shares of Brandywine Realty Trust (NYSE:BDN)

Congress Asset Management Co. boosted its position in Brandywine Realty Trust (NYSE:BDN - Free Report) by 36.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 887,606 shares of the real estate investment trust's stock after purchasing an additional 236,613 shares during the period. Congress Asset Management Co. owned about 0.51% of Brandywine Realty Trust worth $4,971,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Quarry LP lifted its position in Brandywine Realty Trust by 752.5% during the third quarter. Quarry LP now owns 4,595 shares of the real estate investment trust's stock worth $25,000 after acquiring an additional 4,056 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Brandywine Realty Trust during the third quarter worth approximately $55,000. Coldstream Capital Management Inc. acquired a new stake in Brandywine Realty Trust during the third quarter worth approximately $55,000. Wolverine Asset Management LLC acquired a new stake in Brandywine Realty Trust during the third quarter worth approximately $62,000. Finally, KBC Group NV lifted its position in Brandywine Realty Trust by 70.5% during the third quarter. KBC Group NV now owns 12,166 shares of the real estate investment trust's stock worth $66,000 after acquiring an additional 5,029 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BDN has been the subject of several research reports. StockNews.com downgraded shares of Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Evercore ISI dropped their price target on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating for the company in a research report on Thursday, February 6th.

Brandywine Realty Trust Price Performance

Shares of NYSE BDN traded down $0.12 during midday trading on Friday, reaching $4.85. The company's stock had a trading volume of 1,907,427 shares, compared to its average volume of 2,447,448. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26. Brandywine Realty Trust has a fifty-two week low of $4.02 and a fifty-two week high of $6.54. The business's 50 day moving average price is $5.28 and its two-hundred day moving average price is $5.36. The company has a market cap of $836.57 million, a P/E ratio of -4.25 and a beta of 1.34.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates 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, analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 12.38%. Brandywine Realty Trust's dividend payout ratio (DPR) is -52.63%.

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.