Federated Hermes Inc. Cuts Stock Position in Brandywine Realty Trust (NYSE:BDN)

Federated Hermes Inc. reduced its holdings in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 7.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,686,820 shares of the real estate investment trust's stock after selling 204,376 shares during the quarter. Federated Hermes Inc. owned about 1.56% of Brandywine Realty Trust worth $15,046,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BDN. O Shaughnessy Asset Management LLC boosted its holdings in Brandywine Realty Trust by 13.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,888 shares of the real estate investment trust's stock valued at $95,000 after acquiring an additional 2,064 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in shares of Brandywine Realty Trust by 13.1% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 18,914 shares of the real estate investment trust's stock valued at $106,000 after buying an additional 2,190 shares during the last quarter. Headlands Technologies LLC raised its stake in shares of Brandywine Realty Trust by 64.1% in the fourth quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust's stock worth $35,000 after purchasing an additional 2,441 shares during the last quarter. Quarry LP boosted its holdings in Brandywine Realty Trust by 752.5% in the third 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 last quarter. Finally, Kestra Investment Management LLC purchased a new position in Brandywine Realty Trust during the fourth quarter valued at $26,000. Institutional investors own 87.27% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com cut Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Evercore ISI cut their price target on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating on the stock in a report on Thursday, February 6th.

Brandywine Realty Trust Stock Performance

Shares of NYSE BDN traded up $0.06 during midday trading on Tuesday, reaching $3.73. 959,188 shares of the stock were exchanged, compared to its average volume of 1,942,428. The firm has a 50-day simple moving average of $4.52 and a two-hundred day simple moving average of $5.17. Brandywine Realty Trust has a twelve month low of $3.41 and a twelve month high of $6.54. The firm has a market cap of $644.69 million, a price-to-earnings ratio of -3.27 and a beta of 1.32. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 2.12.

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

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 16.11%. The ex-dividend date of this dividend is Thursday, April 3rd. 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.