Brandywine Realty Trust (NYSE:BDN) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. lessened its stake in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 24.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,421 shares of the real estate investment trust's stock after selling 81,050 shares during the quarter. Prudential Financial Inc. owned approximately 0.14% of Brandywine Realty Trust worth $1,374,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Brandywine Realty Trust by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust's stock worth $159,620,000 after purchasing an additional 1,459,236 shares in the last quarter. State Street Corp grew its holdings in Brandywine Realty Trust by 2.2% in the 3rd quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust's stock valued at $55,880,000 after buying an additional 218,444 shares during the period. Yeomans Consulting Group Inc. purchased a new stake in Brandywine Realty Trust in the 4th quarter valued at about $16,617,000. Nordea Investment Management AB grew its holdings in Brandywine Realty Trust by 5.9% in the 4th quarter. Nordea Investment Management AB now owns 1,270,156 shares of the real estate investment trust's stock valued at $7,164,000 after buying an additional 70,985 shares during the period. Finally, New York State Common Retirement Fund grew its holdings in Brandywine Realty Trust by 2,688.7% in the 4th quarter. New York State Common Retirement Fund now owns 1,138,791 shares of the real estate investment trust's stock valued at $6,377,000 after buying an additional 1,097,955 shares during the period. Hedge funds and other institutional investors own 87.27% of the company's stock.

Brandywine Realty Trust Trading Down 7.1 %

BDN traded down $0.27 during midday trading on Thursday, hitting $3.51. The company's stock had a trading volume of 492,420 shares, compared to its average volume of 1,928,023. 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 52-week low of $3.42 and a 52-week high of $6.54. The firm has a market cap of $607.48 million, a P/E ratio of -3.08 and a beta of 1.32. The firm has a 50-day moving average price of $4.62 and a two-hundred day moving average price of $5.20.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last released its quarterly earnings results 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%. On average, research analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 17.09%. The ex-dividend date of this dividend is Thursday, April 3rd. Brandywine Realty Trust's dividend payout ratio (DPR) is presently -52.63%.

Analyst Upgrades and Downgrades

Several research firms have commented on BDN. StockNews.com cut Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, February 6th. Evercore ISI lowered 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 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.