Sequoia Financial Advisors LLC Cuts Stock Holdings in Brandywine Realty Trust (NYSE:BDN)

Sequoia Financial Advisors LLC cut its position in shares of Brandywine Realty Trust (NYSE:BDN) by 60.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 25,755 shares of the real estate investment trust’s stock after selling 38,797 shares during the period. Sequoia Financial Advisors LLC’s holdings in Brandywine Realty Trust were worth $139,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC raised its position in shares of Brandywine Realty Trust by 86.0% in the third quarter. Tower Research Capital LLC TRC now owns 7,092 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 3,279 shares during the period. State of Wyoming increased its stake in shares of Brandywine Realty Trust by 49.2% in the 2nd quarter. State of Wyoming now owns 7,031 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 2,320 shares in the last quarter. Sage Rhino Capital LLC acquired a new position in Brandywine Realty Trust in the 3rd quarter worth about $46,000. Sei Investments Co. purchased a new position in Brandywine Realty Trust during the first quarter worth approximately $49,000. Finally, Point72 Middle East FZE purchased a new position in Brandywine Realty Trust during the fourth quarter worth approximately $51,000. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Up 3.3 %

Shares of BDN opened at $4.38 on Monday. The stock has a 50 day moving average price of $4.36 and a 200 day moving average price of $4.52. Brandywine Realty Trust has a one year low of $3.42 and a one year high of $5.67. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.15 and a current ratio of 2.21. The stock has a market capitalization of $754.55 million, a price-to-earnings ratio of -3.59 and a beta of 1.27.

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

Brandywine Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.60 annualized dividend and a yield of 13.70%. Brandywine Realty Trust’s dividend payout ratio is presently -49.18%.

Analyst Upgrades and Downgrades

BDN has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on Brandywine Realty Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $5.50 target price for the company. StockNews.com downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Finally, Truist Financial dropped their target price on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.63.

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.