Daiwa Securities Group Inc. Trims Stock Holdings in Brandywine Realty Trust (NYSE:BDN)

Daiwa Securities Group Inc. lessened its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,523 shares of the real estate investment trust’s stock after selling 2,573 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Brandywine Realty Trust were worth $278,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of BDN. Mirae Asset Global Investments Co. Ltd. raised its position 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 worth $6,742,000 after acquiring an additional 1,408,138 shares in the last quarter. Moody Aldrich Partners LLC acquired a new stake in shares of Brandywine Realty Trust during the third quarter valued at $2,263,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Brandywine Realty Trust by 9.1% during the third 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 during the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Brandywine Realty Trust during the third quarter valued at $908,000. Finally, Bramshill Investments LLC boosted its stake in shares of Brandywine Realty Trust by 159.8% during the third 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 during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the company. Truist Financial decreased their price objective on Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Brandywine Realty Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $5.50 price objective on the stock. Finally, StockNews.com lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $5.63.

Brandywine Realty Trust Stock Up 1.7 %

Shares of NYSE:BDN opened at $4.48 on Friday. The stock’s 50-day moving average price is $4.40 and its two-hundred day moving average price is $4.53. The company has a current ratio of 2.21, a quick ratio of 2.15 and a debt-to-equity ratio of 1.69. Brandywine Realty Trust has a 12-month low of $3.42 and a 12-month high of $5.67. The firm has a market cap of $770.91 million, a price-to-earnings ratio of -3.67 and a beta of 1.27.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly 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). Brandywine Realty Trust had a negative return on equity of 14.62% and a negative net margin of 40.61%. The business had revenue of $126.50 million during the quarter, compared to analyst estimates of $122.83 million. During the same period in the previous year, the business posted $0.29 earnings per share. The firm’s quarterly revenue was down 2.1% on a year-over-year basis. On average, research analysts forecast that Brandywine Realty Trust will post 0.93 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 13.41%. Brandywine Realty Trust’s dividend payout ratio (DPR) is -49.18%.

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.