Segall Bryant & Hamill LLC Takes Position in Brandywine Realty Trust (NYSE:BDN)

Segall Bryant & Hamill LLC bought a new stake in Brandywine Realty Trust (NYSE:BDN - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 355,994 shares of the real estate investment trust's stock, valued at approximately $1,937,000. Segall Bryant & Hamill LLC owned approximately 0.21% of Brandywine Realty Trust as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Brandywine Realty Trust by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust's stock valued at $135,747,000 after purchasing an additional 651,299 shares during the period. Lighthouse Investment Partners LLC increased its holdings in Brandywine Realty Trust by 50.6% during the second quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust's stock worth $2,867,000 after buying an additional 215,000 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in Brandywine Realty Trust in the third quarter worth about $2,546,000. Swedbank AB purchased a new position in Brandywine Realty Trust in the first quarter valued at about $637,000. Finally, Point72 Asset Management L.P. grew its position in shares of Brandywine Realty Trust by 7,435.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust's stock valued at $9,351,000 after acquiring an additional 2,059,542 shares during the period. Hedge funds and other institutional investors own 87.27% of the company's stock.

Analyst Ratings Changes

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

Brandywine Realty Trust Stock Performance

Brandywine Realty Trust stock traded up $0.01 during midday trading on Friday, reaching $5.55. The stock had a trading volume of 1,582,029 shares, compared to its average volume of 1,731,329. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $958.30 million, a PE ratio of -3.08 and a beta of 1.33. Brandywine Realty Trust has a 12 month low of $3.85 and a 12 month high of $6.54. The firm's 50-day moving average price is $5.52 and its 200 day moving average price is $5.04.

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

Brandywine Realty Trust Dividend Announcement

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 dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 10.81%. Brandywine Realty Trust's dividend payout ratio is currently -33.33%.

Brandywine Realty Trust Company 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.