LDR Capital Management LLC Sells 119,662 Shares of Brandywine Realty Trust (NYSE:BDN)

LDR Capital Management LLC lessened its holdings in Brandywine Realty Trust (NYSE:BDN - Free Report) by 19.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 501,965 shares of the real estate investment trust's stock after selling 119,662 shares during the period. Brandywine Realty Trust makes up 3.0% of LDR Capital Management LLC's portfolio, making the stock its 12th biggest position. LDR Capital Management LLC owned about 0.29% of Brandywine Realty Trust worth $2,731,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BDN. Vanguard Group Inc. boosted its holdings in Brandywine Realty Trust by 2.4% in the first quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust's stock valued at $135,747,000 after acquiring an additional 651,299 shares during the last quarter. Lighthouse Investment Partners LLC lifted its stake in Brandywine Realty Trust by 50.6% in the second quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust's stock valued at $2,867,000 after buying an additional 215,000 shares in the last quarter. Swedbank AB acquired a new position in Brandywine Realty Trust in the 1st quarter worth $637,000. Point72 Asset Management L.P. grew its holdings in shares of Brandywine Realty Trust by 7,435.2% during the second quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust's stock worth $9,351,000 after buying an additional 2,059,542 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Brandywine Realty Trust by 3.6% in the second 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 purchasing an additional 91,852 shares in the last quarter. Institutional investors own 87.27% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Evercore ISI raised 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 note on Monday, September 16th. StockNews.com raised Brandywine Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, July 25th.

Brandywine Realty Trust Trading Down 2.0 %

Shares of Brandywine Realty Trust stock traded down $0.13 during midday trading on Tuesday, reaching $6.27. The company had a trading volume of 2,157,649 shares, compared to its average volume of 1,856,203. The stock has a fifty day moving average price of $5.42 and a 200 day moving average price of $4.89. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.07 and a quick ratio of 2.07. Brandywine Realty Trust has a fifty-two week low of $3.62 and a fifty-two week high of $6.54. The firm has a market cap of $1.08 billion, a PE ratio of -5.20 and a beta of 1.33.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.05). Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The firm had revenue of $125.30 million during the quarter, compared to the consensus estimate of $119.47 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. Brandywine Realty Trust's revenue for the quarter was down .5% on a year-over-year basis. On average, equities analysts anticipate that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th 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 9.57%. The ex-dividend date of this dividend is Wednesday, October 9th. Brandywine Realty Trust's dividend payout ratio is currently -49.18%.

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.