Russell Investments Group Ltd. grew its stake in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 228.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 220,406 shares of the real estate investment trust's stock after acquiring an additional 153,252 shares during the period. Russell Investments Group Ltd. owned about 0.13% of Brandywine Realty Trust worth $1,234,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its position in Brandywine Realty Trust by 13.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,888 shares of the real estate investment trust's stock valued at $95,000 after buying an additional 2,064 shares in the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Brandywine Realty Trust by 13.1% during the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 18,914 shares of the real estate investment trust's stock valued at $106,000 after acquiring an additional 2,190 shares in the last quarter. Headlands Technologies LLC lifted its holdings in shares of Brandywine Realty Trust by 64.1% during the 4th quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust's stock valued at $35,000 after acquiring an additional 2,441 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in Brandywine Realty Trust during the 4th quarter worth $26,000. Finally, 17 Capital Partners LLC increased its holdings in Brandywine Realty Trust by 37.7% in the 4th quarter. 17 Capital Partners LLC now owns 18,240 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 4,991 shares in the last quarter. Hedge funds and other institutional investors own 87.27% of the company's stock.
Analysts Set New Price Targets
A number of research firms have weighed in on BDN. Evercore ISI decreased 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. StockNews.com upgraded shares of Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research note on Wednesday.
Read Our Latest Research Report on Brandywine Realty Trust
Brandywine Realty Trust Stock Up 1.4 %
Brandywine Realty Trust stock traded up $0.06 during midday trading on Friday, hitting $4.01. The stock had a trading volume of 624,079 shares, compared to its average volume of 1,968,250. The business has a fifty day moving average price of $4.35 and a 200 day moving average price of $5.07. Brandywine Realty Trust has a 12 month low of $3.41 and a 12 month high of $6.54. The stock has a market cap of $693.15 million, a P/E ratio of -3.51 and a beta of 1.32. 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 (NYSE:BDN - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The business had revenue of $114.43 million during the quarter, compared to the consensus estimate of $119.45 million. Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. Research analysts predict that Brandywine Realty Trust will post 0.66 EPS for the current year.
Brandywine Realty Trust Announces Dividend
The company also recently announced 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 dividend on an annualized basis and a yield of 14.98%. The ex-dividend date of this dividend was Thursday, April 3rd. Brandywine Realty Trust's payout ratio is -50.00%.
Brandywine Realty Trust Company Profile
(
Free Report)
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.
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