ClearAlpha Technologies LP Buys Shares of 93,813 Brandywine Realty Trust (NYSE:BDN)

ClearAlpha Technologies LP purchased a new position in shares of Brandywine Realty Trust (NYSE:BDN) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 93,813 shares of the real estate investment trust’s stock, valued at approximately $510,000.

Other institutional investors also recently modified their holdings of the company. Paloma Partners Management Co bought a new stake in Brandywine Realty Trust during the third quarter valued at $55,000. Point72 Asia Singapore Pte. Ltd. grew its stake in Brandywine Realty Trust by 84.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 29,280 shares of the real estate investment trust’s stock worth $159,000 after purchasing an additional 13,370 shares during the period. Walleye Capital LLC bought a new stake in Brandywine Realty Trust in the third quarter worth approximately $98,000. Daiwa Securities Group Inc. increased its holdings in Brandywine Realty Trust by 5.5% in the third quarter. Daiwa Securities Group Inc. now owns 57,633 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 3,021 shares in the last quarter. Finally, Swedbank AB lifted its stake in Brandywine Realty Trust by 26.9% in the third quarter. Swedbank AB now owns 128,131 shares of the real estate investment trust’s stock valued at $697,000 after buying an additional 27,194 shares during the period. 87.27% of the stock is owned by institutional investors.

Brandywine Realty Trust Stock Down 2.9 %

Shares of NYSE BDN opened at $5.60 on Monday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74. Brandywine Realty Trust has a 1 year low of $3.85 and a 1 year high of $6.54. The stock has a market capitalization of $966.93 million, a P/E ratio of -3.11 and a beta of 1.33. The company has a 50-day moving average price of $5.55 and a 200-day moving average price of $5.07.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data 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). The company had revenue of $117.96 million for the quarter, compared to the consensus estimate 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 business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 earnings per share. On average, equities research analysts forecast that Brandywine Realty Trust will post 0.92 EPS 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. Investors 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 10.71%. The ex-dividend date was Wednesday, October 9th. Brandywine Realty Trust’s payout ratio is currently -33.33%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI raised 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 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.