Point72 DIFC Ltd Purchases New Shares in Brandywine Realty Trust (NYSE:BDN)

Point72 DIFC Ltd purchased a new stake in Brandywine Realty Trust (NYSE:BDN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 6,078 shares of the real estate investment trust’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BDN. Norges Bank acquired a new position in shares of Brandywine Realty Trust in the 4th quarter valued at $6,610,000. Nomura Asset Management Co. Ltd. grew its stake in Brandywine Realty Trust by 1.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 193,300 shares of the real estate investment trust’s stock valued at $1,044,000 after acquiring an additional 3,000 shares in the last quarter. Hsbc Holdings PLC increased its holdings in shares of Brandywine Realty Trust by 125.9% in the 4th quarter. Hsbc Holdings PLC now owns 230,618 shares of the real estate investment trust’s stock valued at $1,248,000 after purchasing an additional 128,529 shares during the period. Caxton Associates LP lifted its position in shares of Brandywine Realty Trust by 56.6% in the fourth quarter. Caxton Associates LP now owns 355,122 shares of the real estate investment trust’s stock worth $1,918,000 after purchasing an additional 128,388 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its holdings in shares of Brandywine Realty Trust by 228.2% during the fourth quarter. Congress Asset Management Co. MA now owns 657,829 shares of the real estate investment trust’s stock worth $3,552,000 after purchasing an additional 457,424 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Price Performance

Shares of BDN opened at $5.33 on Monday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $918.20 million, a PE ratio of -4.37 and a beta of 1.33. Brandywine Realty Trust has a twelve month low of $3.62 and a twelve month high of $5.67. The firm’s 50 day moving average price is $5.09 and its 200 day moving average price is $4.74.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The business had revenue of $125.30 million during the quarter, compared to the consensus estimate of $119.47 million. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts expect that Brandywine Realty Trust will post 0.93 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 11.26%. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently -49.18%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BDN shares. StockNews.com upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. Evercore ISI increased their price objective on Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a report on Monday, September 16th.

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.