Franklin Resources Inc. Buys 123,856 Shares of Brandywine Realty Trust (NYSE:BDN)

Franklin Resources Inc. raised its stake in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 222.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 179,554 shares of the real estate investment trust's stock after buying an additional 123,856 shares during the quarter. Franklin Resources Inc. owned about 0.10% of Brandywine Realty Trust worth $1,072,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its position in shares of Brandywine Realty Trust by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,752,578 shares of the real estate investment trust's stock valued at $7,852,000 after purchasing an additional 8,884 shares in the last quarter. Verus Financial Partners Inc. boosted its stake in Brandywine Realty Trust by 28.6% during the second quarter. Verus Financial Partners Inc. now owns 212,255 shares of the real estate investment trust's stock valued at $951,000 after buying an additional 47,227 shares during the period. Choreo LLC purchased a new position in Brandywine Realty Trust during the second quarter worth about $103,000. Texas Permanent School Fund Corp increased its stake in Brandywine Realty Trust by 28.8% in the 2nd quarter. Texas Permanent School Fund Corp now owns 194,011 shares of the real estate investment trust's stock worth $869,000 after acquiring an additional 43,393 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Brandywine Realty Trust by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust's stock valued at $11,847,000 after acquiring an additional 91,852 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BDN has been the subject of several recent analyst reports. StockNews.com raised Brandywine Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday. Evercore ISI lifted their target price on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the company an "in-line" rating in a research report on Monday, September 16th.

Brandywine Realty Trust Price Performance

BDN stock traded down $0.10 during mid-day trading on Friday, hitting $5.51. 959,327 shares of the stock were exchanged, compared to its average volume of 1,898,399. The business has a fifty day moving average price of $5.51 and a 200 day moving average price of $5.21. Brandywine Realty Trust has a 12 month low of $3.85 and a 12 month high of $6.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $951.39 million, a price-to-earnings ratio of -3.06 and a beta of 1.35.

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

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Wednesday, January 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.89%. The ex-dividend date of this dividend is Wednesday, January 8th. Brandywine Realty Trust's payout ratio is presently -33.33%.

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.