Brandywine Realty Trust (NYSE:BDN) Shares Purchased by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Brandywine Realty Trust (NYSE:BDN) by 10.6% in the 4th quarter, Holdings Channel reports. The firm owned 205,414 shares of the real estate investment trust’s stock after purchasing an additional 19,662 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Brandywine Realty Trust were worth $1,109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BDN. Mirae Asset Global Investments Co. Ltd. increased its holdings in Brandywine Realty Trust by 1,832.8% during the 3rd 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 acquiring an additional 1,408,138 shares in the last quarter. Moody Aldrich Partners LLC purchased a new position in Brandywine Realty Trust during the 3rd quarter valued at about $2,263,000. Charles Schwab Investment Management Inc. increased its holdings in Brandywine Realty Trust by 9.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,672,905 shares of the real estate investment trust’s stock valued at $21,215,000 after acquiring an additional 389,373 shares in the last quarter. Employees Retirement System of Texas purchased a new position in Brandywine Realty Trust during the 3rd quarter valued at about $908,000. Finally, Bramshill Investments LLC increased its holdings in Brandywine Realty Trust by 159.8% during the 3rd quarter. Bramshill Investments LLC now owns 280,655 shares of the real estate investment trust’s stock valued at $1,274,000 after acquiring an additional 172,632 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in 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 started coverage on shares of Brandywine Realty Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $5.50 target price for the company. Finally, Truist Financial lowered their price target on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. One 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, Brandywine Realty Trust currently has an average rating of “Hold” and a consensus price target of $5.63.

Brandywine Realty Trust Stock Performance

Shares of NYSE BDN opened at $4.41 on Friday. Brandywine Realty Trust has a 12 month low of $3.42 and a 12 month high of $5.67. The company has a 50-day simple moving average of $4.40 and a 200-day simple moving average of $4.53. The company has a market cap of $758.85 million, a PE ratio of -3.61 and a beta of 1.27. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.21 and a quick ratio of 2.15.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Thursday, April 18th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $122.83 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. On average, equities analysts anticipate that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were issued a $0.15 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $0.60 annualized dividend and a yield of 13.62%. Brandywine Realty Trust’s dividend payout ratio is presently -49.18%.

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.