Geode Capital Management LLC Has $24.13 Million Stock Position in Brandywine Realty Trust (NYSE:BDN)

Geode Capital Management LLC lessened its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,307,804 shares of the real estate investment trust’s stock after selling 80,900 shares during the period. Geode Capital Management LLC owned 2.49% of Brandywine Realty Trust worth $24,130,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Kestra Investment Management LLC bought a new stake in Brandywine Realty Trust in the fourth quarter valued at approximately $26,000. US Bancorp DE grew its holdings in Brandywine Realty Trust by 11,198.0% in the fourth quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 5,599 shares during the period. Smartleaf Asset Management LLC increased its position in Brandywine Realty Trust by 360.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 8,248 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 6,457 shares in the last quarter. Sciencast Management LP acquired a new position in shares of Brandywine Realty Trust during the fourth quarter worth approximately $57,000. Finally, Apollon Wealth Management LLC acquired a new position in Brandywine Realty Trust during the fourth quarter worth $68,000. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Trading Up 1.7 %

Shares of BDN stock opened at $3.79 on Friday. Brandywine Realty Trust has a 52-week low of $3.41 and a 52-week high of $6.54. The company has a 50-day simple moving average of $4.43 and a two-hundred day simple moving average of $5.12. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26. The company has a market capitalization of $655.07 million, a price-to-earnings ratio of -3.32 and a beta of 1.32.

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

Brandywine Realty Trust Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BDN shares. Evercore ISI dropped their target price on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. StockNews.com cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note 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.