Systematic Financial Management LP Buys 254,825 Shares of Brandywine Realty Trust (NYSE:BDN)

Systematic Financial Management LP raised its position in Brandywine Realty Trust (NYSE:BDN) by 36.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 954,325 shares of the real estate investment trust’s stock after buying an additional 254,825 shares during the period. Systematic Financial Management LP owned 0.55% of Brandywine Realty Trust worth $5,192,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of BDN. Vanguard Personalized Indexing Management LLC boosted its holdings in Brandywine Realty Trust by 6.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,613 shares of the real estate investment trust’s stock valued at $191,000 after acquiring an additional 2,404 shares during the last quarter. CWM LLC increased its stake in Brandywine Realty Trust by 10.8% during the 3rd quarter. CWM LLC now owns 26,063 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 2,540 shares in the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of Brandywine Realty Trust by 7.2% during the third quarter. First Trust Direct Indexing L.P. now owns 38,358 shares of the real estate investment trust’s stock worth $209,000 after acquiring an additional 2,585 shares during the period. Presima Securities ULC lifted its holdings in shares of Brandywine Realty Trust by 1.1% in the third quarter. Presima Securities ULC now owns 245,167 shares of the real estate investment trust’s stock valued at $1,334,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Brandywine Realty Trust by 10.0% during the 3rd quarter. Van ECK Associates Corp now owns 32,987 shares of the real estate investment trust’s stock worth $179,000 after acquiring an additional 2,986 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Evercore ISI lifted their target price 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 Price Performance

Shares of NYSE BDN opened at $5.60 on Friday. Brandywine Realty Trust has a 12-month low of $3.85 and a 12-month high of $6.54. The firm has a market cap of $966.07 million, a PE ratio of -3.11 and a beta of 1.35. The company’s fifty day simple moving average is $5.57 and its 200 day simple moving average is $5.09. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.05.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($1.20). The firm had revenue of $117.96 million during 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 was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.29 EPS. As a group, sell-side analysts forecast 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 $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.72%. The ex-dividend date of this dividend was Wednesday, October 9th. 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.