International Assets Investment Management LLC Purchases Shares of 29,052 Brandywine Realty Trust (NYSE:BDN)

International Assets Investment Management LLC purchased a new stake in Brandywine Realty Trust (NYSE:BDN) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 29,052 shares of the real estate investment trust’s stock, valued at approximately $1,570,000.

A number of other institutional investors have also recently bought and sold shares of BDN. Norges Bank bought a new position in Brandywine Realty Trust in the fourth quarter valued at approximately $11,302,000. Millennium Management LLC lifted its stake in Brandywine Realty Trust by 438.5% in the second quarter. Millennium Management LLC now owns 1,992,114 shares of the real estate investment trust’s stock valued at $19,204,000 after buying an additional 1,622,170 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Brandywine Realty Trust by 1,832.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,484,966 shares of the real estate investment trust’s stock valued at $6,742,000 after buying an additional 1,408,138 shares in the last quarter. State Street Corp raised its holdings in shares of Brandywine Realty Trust by 10.6% in the first quarter. State Street Corp now owns 13,023,191 shares of the real estate investment trust’s stock valued at $184,148,000 after purchasing an additional 1,250,086 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of Brandywine Realty Trust by 243.1% in the fourth quarter. AQR Capital Management LLC now owns 1,683,438 shares of the real estate investment trust’s stock valued at $10,353,000 after purchasing an additional 1,192,736 shares during the last quarter. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

NYSE BDN opened at $4.38 on Friday. The company has a current ratio of 2.21, a quick ratio of 2.15 and a debt-to-equity ratio of 1.69. The firm’s fifty day moving average price is $4.36 and its two-hundred day moving average price is $4.52. Brandywine Realty Trust has a 1 year low of $3.42 and a 1 year high of $5.67. The firm has a market capitalization of $754.54 million, a P/E ratio of -3.59 and a beta of 1.27.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Thursday, April 18th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.34). Brandywine Realty Trust had a negative return on equity of 14.62% and a negative net margin of 40.61%. The firm had revenue of $126.50 million for the quarter, compared to the consensus estimate of $122.83 million. During the same period last year, the company posted $0.29 earnings per share. The business’s revenue was down 2.1% compared to the same quarter last year. As a group, research analysts anticipate that Brandywine Realty Trust will post 0.93 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 13.70%. The ex-dividend date was Wednesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently -49.18%.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BDN. StockNews.com downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft began coverage on shares of Brandywine Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $5.50 price objective on the stock. Finally, Truist Financial lowered their price objective on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.63.

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.