Y Intercept Hong Kong Ltd Acquires Shares of 118,690 Brandywine Realty Trust (NYSE:BDN)

Y Intercept Hong Kong Ltd purchased a new position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 118,690 shares of the real estate investment trust's stock, valued at approximately $646,000. Y Intercept Hong Kong Ltd owned 0.07% of Brandywine Realty Trust as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in BDN. Quarry LP boosted its holdings in Brandywine Realty Trust by 752.5% in the third quarter. Quarry LP now owns 4,595 shares of the real estate investment trust's stock valued at $25,000 after purchasing an additional 4,056 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of Brandywine Realty Trust in the second quarter valued at approximately $27,000. Sei Investments Co. acquired a new position in Brandywine Realty Trust in the second quarter valued at $48,000. EverSource Wealth Advisors LLC increased its position in Brandywine Realty Trust by 381.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust's stock valued at $55,000 after acquiring an additional 9,753 shares during the period. Finally, Paloma Partners Management Co purchased a new stake in shares of Brandywine Realty Trust during the third quarter worth approximately $55,000. Institutional investors and hedge funds own 87.27% of the company's stock.

Brandywine Realty Trust Price Performance

NYSE:BDN traded up $0.10 during mid-day trading on Friday, hitting $5.72. 1,631,456 shares of the company's stock traded hands, compared to its average volume of 1,876,699. Brandywine Realty Trust has a 1 year low of $3.85 and a 1 year high of $6.54. 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 firm's 50 day simple moving average is $5.59 and its 200 day simple moving average is $5.14. The company has a market cap of $987.65 million, a PE ratio of -3.18 and a beta of 1.35.

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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($1.20). The firm had revenue of $117.96 million for the quarter, compared to analyst estimates of $120.00 million. Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. The firm's revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. Sell-side analysts expect that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Wednesday, January 8th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.60 annualized dividend and a dividend yield of 10.49%. Brandywine Realty Trust's dividend payout ratio is presently -33.33%.

Analyst Ratings Changes

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

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.