Geode Capital Management LLC Sells 47,258 Shares of Brandywine Realty Trust (NYSE:BDN)

Geode Capital Management LLC decreased its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,388,704 shares of the real estate investment trust’s stock after selling 47,258 shares during the period. Geode Capital Management LLC owned about 2.54% of Brandywine Realty Trust worth $23,879,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. State Street Corp boosted its holdings in Brandywine Realty Trust by 2.2% during the 3rd quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust’s stock worth $55,880,000 after acquiring an additional 218,444 shares during the last quarter. Lighthouse Investment Partners LLC lifted its position in shares of Brandywine Realty Trust by 50.6% during the second quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust’s stock valued at $2,867,000 after purchasing an additional 215,000 shares in the last quarter. Barclays PLC lifted its position in shares of Brandywine Realty Trust by 91.8% during the third quarter. Barclays PLC now owns 460,039 shares of the real estate investment trust’s stock valued at $2,502,000 after purchasing an additional 220,176 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Brandywine Realty Trust during the third quarter worth about $2,546,000. Finally, Point72 Asset Management L.P. grew its position in Brandywine Realty Trust by 7,435.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock worth $9,351,000 after purchasing an additional 2,059,542 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Price Performance

BDN opened at $5.51 on Friday. Brandywine Realty Trust has a fifty-two week low of $3.85 and a fifty-two week high of $6.54. The firm has a 50-day moving average of $5.51 and a 200 day moving average of $5.20. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market cap of $951.39 million, a P/E ratio of -3.06 and a beta of 1.35.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). The company had revenue of $117.96 million for the quarter, compared to the consensus estimate of $120.00 million. Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. The firm’s revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 earnings per share. On average, research analysts expect that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Wednesday, January 8th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.89%. The ex-dividend date of this dividend is Wednesday, January 8th. Brandywine Realty Trust’s dividend payout ratio is currently -33.33%.

Analyst Ratings Changes

Several equities analysts have commented on BDN shares. Evercore ISI lifted their target price on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday.

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.