Intech Investment Management LLC Acquires 138,094 Shares of Brandywine Realty Trust (NYSE:BDN)

Intech Investment Management LLC grew its stake in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 157.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 225,758 shares of the real estate investment trust's stock after purchasing an additional 138,094 shares during the quarter. Intech Investment Management LLC owned about 0.13% of Brandywine Realty Trust worth $1,264,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP increased its holdings 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 buying an additional 4,056 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of Brandywine Realty Trust during the 4th quarter worth about $26,000. US Bancorp DE raised its holdings in shares of Brandywine Realty Trust by 11,198.0% in the 4th quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 5,599 shares during the period. Smartleaf Asset Management LLC lifted its stake in Brandywine Realty Trust by 360.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 8,248 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 6,457 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in Brandywine Realty Trust during the third quarter worth about $55,000. Institutional investors own 87.27% of the company's stock.

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Brandywine Realty Trust Stock Performance

Shares of BDN stock traded up $0.04 during midday trading on Wednesday, hitting $4.55. 1,199,185 shares of the company were exchanged, compared to its average volume of 1,831,532. The firm has a market capitalization of $786.61 million, a P/E ratio of -3.99 and a beta of 1.35. 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 52 week low of $4.17 and a 52 week high of $6.54. The firm's 50 day moving average price is $4.94 and its two-hundred day moving average price is $5.30.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last issued its quarterly earnings data 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, equities research analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 13.20%. The ex-dividend date is Thursday, April 3rd. Brandywine Realty Trust's dividend payout ratio is currently -52.63%.

Analyst Ratings Changes

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

Brandywine Realty Trust Company 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.