JPMorgan Chase & Co. Sells 1,528,029 Shares of Brandywine Realty Trust (NYSE:BDN)

JPMorgan Chase & Co. trimmed its holdings in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 39.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,315,234 shares of the real estate investment trust's stock after selling 1,528,029 shares during the quarter. JPMorgan Chase & Co. owned about 1.34% of Brandywine Realty Trust worth $12,965,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of BDN. Kestra Investment Management LLC bought a new position in shares of Brandywine Realty Trust in the fourth quarter worth $26,000. US Bancorp DE grew its stake in Brandywine Realty Trust by 11,198.0% during the fourth quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust's stock worth $32,000 after buying an additional 5,599 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings 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 buying an additional 6,457 shares during the period. Coldstream Capital Management Inc. acquired a new position in shares of Brandywine Realty Trust in the 3rd quarter valued at approximately $55,000. Finally, Sciencast Management LP acquired a new position in Brandywine Realty Trust during the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 87.27% of the company's stock.

Brandywine Realty Trust Price Performance

BDN stock traded up $0.07 during trading on Friday, reaching $3.79. 3,019,048 shares of the company were exchanged, compared to its average volume of 1,955,270. The company has a market capitalization of $655.07 million, a price-to-earnings ratio of -3.32 and a beta of 1.32. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74. The company has a 50-day moving average of $4.43 and a two-hundred day moving average of $5.12. Brandywine Realty Trust has a twelve month low of $3.41 and a twelve month high of $6.54.

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

Brandywine Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 15.85%. The ex-dividend date of this dividend was Thursday, April 3rd. Brandywine Realty Trust's dividend payout ratio (DPR) is currently -52.63%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BDN. StockNews.com lowered Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th. Evercore ISI decreased their target price on Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating on the stock in a research report on Thursday, February 6th.

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.