Verition Fund Management LLC Sells 167,519 Shares of Brandywine Realty Trust (NYSE:BDN)

Verition Fund Management LLC lowered its position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 16.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 829,415 shares of the real estate investment trust's stock after selling 167,519 shares during the quarter. Verition Fund Management LLC owned about 0.48% of Brandywine Realty Trust worth $4,512,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its holdings in Brandywine Realty Trust by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 138,331 shares of the real estate investment trust's stock worth $664,000 after acquiring an additional 6,721 shares in the last quarter. Scharf Investments LLC increased its stake in Brandywine Realty Trust by 17.9% during the 2nd quarter. Scharf Investments LLC now owns 20,087 shares of the real estate investment trust's stock valued at $90,000 after purchasing an additional 3,049 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Brandywine Realty Trust by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 1,752,578 shares of the real estate investment trust's stock worth $7,852,000 after buying an additional 8,884 shares during the last quarter. LDR Capital Management LLC lifted its stake in shares of Brandywine Realty Trust by 15.1% in the second quarter. LDR Capital Management LLC now owns 621,627 shares of the real estate investment trust's stock worth $2,785,000 after buying an additional 81,600 shares in the last quarter. Finally, Verus Financial Partners Inc. lifted its stake in shares of Brandywine Realty Trust by 28.6% in the second quarter. Verus Financial Partners Inc. now owns 212,255 shares of the real estate investment trust's stock worth $951,000 after buying an additional 47,227 shares in the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Brandywine Realty Trust Stock Performance

Shares of BDN stock traded up $0.04 during trading hours on Wednesday, reaching $5.59. The company had a trading volume of 1,051,634 shares, compared to its average volume of 1,882,451. The firm has a market cap of $964.36 million, a PE ratio of -3.08 and a beta of 1.35. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.74 and a current ratio of 1.74. The business has a fifty day moving average price of $5.57 and a 200-day moving average price of $5.08. Brandywine Realty Trust has a one year low of $3.85 and a one year high of $6.54.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) 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 period in the prior year, the company posted $0.29 earnings per share. The firm's quarterly revenue was down 3.0% on a year-over-year basis. Sell-side analysts predict that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.74%. The ex-dividend date of this dividend was Wednesday, October 9th. Brandywine Realty Trust's payout ratio is -33.33%.

Wall Street Analysts Forecast Growth

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

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.