Employees Retirement System of Texas Takes Position in Brandywine Realty Trust (NYSE:BDN)

Employees Retirement System of Texas bought a new position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 400,000 shares of the real estate investment trust's stock, valued at approximately $2,240,000. Employees Retirement System of Texas owned approximately 0.23% of Brandywine Realty Trust at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BDN. Vanguard Group Inc. grew its stake in shares of Brandywine Realty Trust by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust's stock worth $159,620,000 after acquiring an additional 1,459,236 shares in the last quarter. 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 position in Brandywine Realty Trust in the fourth quarter valued at $16,617,000. Kawa Capital Management Inc bought a new stake in Brandywine Realty Trust during the 4th quarter worth about $14,713,000. Finally, Nordea Investment Management AB boosted its stake in shares of Brandywine Realty Trust by 5.9% during the 4th quarter. Nordea Investment Management AB now owns 1,270,156 shares of the real estate investment trust's stock worth $7,164,000 after buying an additional 70,985 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on BDN. StockNews.com downgraded Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research report on Thursday, February 6th. Evercore ISI dropped their price objective on Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating on the stock in a research note on Thursday, February 6th.

Brandywine Realty Trust Stock Performance

Shares of BDN stock traded up $0.09 on Friday, reaching $3.59. The stock had a trading volume of 3,886,518 shares, compared to its average volume of 1,944,458. Brandywine Realty Trust has a 12 month low of $3.41 and a 12 month high of $6.54. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $620.46 million, a price-to-earnings ratio of -3.14 and a beta of 1.32. The firm's 50-day moving average is $4.55 and its two-hundred day moving average is $5.18.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 EPS for the quarter, topping the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. On average, research analysts expect that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.60 annualized dividend and a yield of 16.74%. Brandywine Realty Trust's dividend payout ratio is currently -52.63%.

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.