Brandywine Realty Trust (NYSE:BDN) Shares Bought by Swedbank AB

Swedbank AB raised its stake in Brandywine Realty Trust (NYSE:BDN) by 26.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,131 shares of the real estate investment trust’s stock after purchasing an additional 27,194 shares during the period. Swedbank AB’s holdings in Brandywine Realty Trust were worth $697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Brandywine Realty Trust by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock worth $135,747,000 after acquiring an additional 651,299 shares in the last quarter. Lighthouse Investment Partners LLC raised its position in shares of Brandywine Realty Trust by 50.6% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust’s stock worth $2,867,000 after acquiring an additional 215,000 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Brandywine Realty Trust during the 3rd quarter worth about $2,546,000. Point72 Asset Management L.P. raised 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 worth $9,351,000 after acquiring an additional 2,059,542 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Brandywine Realty Trust by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust’s stock worth $11,847,000 after acquiring an additional 91,852 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Wall Street Analyst Weigh In

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

Brandywine Realty Trust Trading Up 1.1 %

NYSE:BDN opened at $5.77 on Thursday. The stock’s 50 day moving average price is $5.53 and its 200 day moving average price is $5.05. Brandywine Realty Trust has a 52-week low of $3.85 and a 52-week high of $6.54. The company has a market capitalization of $995.42 million, a PE ratio of -3.20 and a beta of 1.33. 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 announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $117.96 million during the quarter, compared to analysts’ expectations of $120.00 million. During the same quarter last year, the business posted $0.29 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, research analysts anticipate that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.60 annualized dividend and a dividend yield of 10.41%. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently -33.33%.

About Brandywine Realty Trust

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.