Brandywine Realty Trust (NYSE:BDN) Shares Sold by Legal & General Group Plc

Legal & General Group Plc trimmed its holdings in Brandywine Realty Trust (NYSE:BDN) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,082,924 shares of the real estate investment trust’s stock after selling 103,091 shares during the quarter. Legal & General Group Plc owned 0.63% of Brandywine Realty Trust worth $6,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in shares of Brandywine Realty Trust in the 4th quarter valued at $26,000. US Bancorp DE boosted its stake in shares of Brandywine Realty Trust by 11,198.0% during the 4th quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 5,599 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of Brandywine Realty Trust by 64.1% during the 4th quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 2,441 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of 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 acquiring an additional 6,457 shares in the last quarter. Finally, Sciencast Management LP bought a new stake in Brandywine Realty Trust during the fourth quarter worth approximately $57,000. Institutional investors own 87.27% of the company’s stock.

Wall Street Analyst Weigh In

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

Brandywine Realty Trust Trading Up 1.7 %

Shares of Brandywine Realty Trust stock opened at $3.79 on Monday. Brandywine Realty Trust has a 12-month low of $3.41 and a 12-month high of $6.54. The stock has a market capitalization of $655.07 million, a P/E ratio of -3.32 and a beta of 1.32. The company has a 50-day simple moving average of $4.43 and a 200 day simple moving average of $5.11. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 2.12.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping 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%. Research analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

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

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.