Point72 Asset Management L.P. Sells 1,014,142 Shares of Brandywine Realty Trust (NYSE:BDN)

Point72 Asset Management L.P. cut its holdings in Brandywine Realty Trust (NYSE:BDN - Free Report) by 48.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,073,100 shares of the real estate investment trust's stock after selling 1,014,142 shares during the quarter. Point72 Asset Management L.P. owned 0.62% of Brandywine Realty Trust worth $5,838,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Point72 DIFC Ltd bought a new stake in shares of Brandywine Realty Trust in the 2nd quarter worth about $27,000. Sei Investments Co. bought a new stake in Brandywine Realty Trust during the second quarter worth approximately $48,000. EverSource Wealth Advisors LLC raised its position in Brandywine Realty Trust by 381.7% during the second quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust's stock valued at $55,000 after purchasing an additional 9,753 shares during the period. Paloma Partners Management Co bought a new stake in shares of Brandywine Realty Trust in the 3rd quarter valued at approximately $55,000. Finally, Wolverine Asset Management LLC purchased a new position in shares of Brandywine Realty Trust in the 3rd quarter worth approximately $62,000. Hedge funds and other institutional investors own 87.27% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI increased their price target on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an "in-line" rating in a report on Monday, September 16th.

Brandywine Realty Trust Stock Up 2.7 %

Brandywine Realty Trust stock traded up $0.15 during midday trading on Monday, reaching $5.77. The stock had a trading volume of 1,109,576 shares, compared to its average volume of 1,879,127. Brandywine Realty Trust has a 52-week low of $3.85 and a 52-week high of $6.54. The company has a fifty day moving average of $5.58 and a 200 day moving average of $5.10. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.74 and a current ratio of 1.74.

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

Brandywine Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 10.40%. Brandywine Realty Trust's dividend payout ratio (DPR) is currently -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.