LDR Capital Management LLC Sells 261,447 Shares of Brandywine Realty Trust (NYSE:BDN)

LDR Capital Management LLC trimmed its position in Brandywine Realty Trust (NYSE:BDN) by 52.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 240,518 shares of the real estate investment trust’s stock after selling 261,447 shares during the period. Brandywine Realty Trust comprises 1.8% of LDR Capital Management LLC’s investment portfolio, making the stock its 25th biggest position. LDR Capital Management LLC’s holdings in Brandywine Realty Trust were worth $1,347,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Quarry LP lifted its stake in shares of Brandywine Realty Trust by 752.5% during the 3rd quarter. Quarry LP now owns 4,595 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 4,056 shares in the last quarter. Kestra Investment Management LLC bought a new position in shares of Brandywine Realty Trust during the 4th quarter valued at $26,000. Paloma Partners Management Co bought a new position in shares of Brandywine Realty Trust during the 3rd quarter valued at $55,000. Coldstream Capital Management Inc. bought a new stake in Brandywine Realty Trust in the 3rd quarter worth $55,000. Finally, Wolverine Asset Management LLC bought a new stake in Brandywine Realty Trust in the 3rd quarter worth $62,000. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BDN has been the subject of a number of recent research reports. StockNews.com cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Evercore ISI decreased their price objective on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a report on Thursday, February 6th.

Brandywine Realty Trust Trading Down 2.3 %

Shares of NYSE:BDN opened at $4.85 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26. The firm has a fifty day moving average price of $5.28 and a 200 day moving average price of $5.36. Brandywine Realty Trust has a fifty-two week low of $4.02 and a fifty-two week high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. On average, equities analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.38%. The ex-dividend date of this dividend is Thursday, April 3rd. Brandywine Realty Trust’s dividend payout ratio is currently -52.63%.

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.