LSV Asset Management Sells 369,000 Shares of Brandywine Realty Trust (NYSE:BDN)

LSV Asset Management lowered its holdings in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 11.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,866,203 shares of the real estate investment trust's stock after selling 369,000 shares during the period. LSV Asset Management owned approximately 1.66% of Brandywine Realty Trust worth $16,051,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Kestra Investment Management LLC purchased a new stake in shares of Brandywine Realty Trust during the 4th quarter worth approximately $26,000. US Bancorp DE boosted its position 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 purchasing an additional 5,599 shares during the period. Headlands Technologies LLC increased 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 in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Brandywine Realty Trust by 360.5% in the fourth 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 period. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of Brandywine Realty Trust during the 3rd quarter valued at approximately $55,000. 87.27% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on BDN. Evercore ISI lowered their target price 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. StockNews.com downgraded Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, February 6th.

Brandywine Realty Trust Price Performance

Shares of BDN traded up $0.07 during mid-day trading on Friday, reaching $3.79. 3,019,048 shares of the stock traded hands, compared to its average volume of 1,956,528. The company has a current ratio of 2.26, a quick ratio of 1.74 and a debt-to-equity ratio of 2.12. Brandywine Realty Trust has a 1 year low of $3.41 and a 1 year high of $6.54. The company has a market cap of $655.07 million, a price-to-earnings ratio of -3.32 and a beta of 1.32. The firm has a fifty day moving average price of $4.45 and a 200 day moving average price of $5.13.

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 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%. As a group, equities research analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

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