Franklin Resources Inc. Has $358,000 Position in Brandywine Realty Trust (NYSE:BDN)

Franklin Resources Inc. lessened its stake in Brandywine Realty Trust (NYSE:BDN) by 64.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,950 shares of the real estate investment trust’s stock after selling 115,604 shares during the quarter. Franklin Resources Inc.’s holdings in Brandywine Realty Trust were worth $358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MML Investors Services LLC bought a new stake in Brandywine Realty Trust in the third quarter worth $112,000. Barclays PLC lifted its position in Brandywine Realty Trust by 91.8% in the third quarter. Barclays PLC now owns 460,039 shares of the real estate investment trust’s stock worth $2,502,000 after purchasing an additional 220,176 shares during the period. McIlrath & Eck LLC acquired a new stake in Brandywine Realty Trust during the third quarter valued at approximately $75,000. Sanctuary Advisors LLC bought a new stake in shares of Brandywine Realty Trust in the 3rd quarter worth about $137,000. Finally, Nordea Investment Management AB increased its holdings in Brandywine Realty Trust by 5.9% during the 4th quarter. Nordea Investment Management AB now owns 1,270,156 shares of the real estate investment trust’s stock valued at $7,164,000 after purchasing an additional 70,985 shares in the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Brandywine Realty Trust Price Performance

Shares of BDN opened at $3.79 on Friday. The company has a market cap of $655.07 million, a price-to-earnings ratio of -3.32 and a beta of 1.32. The company has a current ratio of 2.26, a quick ratio of 1.74 and a debt-to-equity ratio of 2.12. The company’s fifty day simple moving average is $4.43 and its 200 day simple moving average is $5.12. Brandywine Realty Trust has a 1-year low of $3.41 and a 1-year high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. On average, research analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were given a $0.15 dividend. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 15.85%. Brandywine Realty Trust’s payout ratio is -52.63%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Evercore ISI dropped their price objective on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. StockNews.com lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 6th.

About Brandywine Realty Trust

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.