Brandywine Realty Trust (NYSE:BDN) Holdings Lifted by Wells Fargo & Company MN

Wells Fargo & Company MN boosted its holdings in Brandywine Realty Trust (NYSE:BDN) by 23.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 116,963 shares of the real estate investment trust’s stock after acquiring an additional 21,987 shares during the quarter. Wells Fargo & Company MN owned about 0.07% of Brandywine Realty Trust worth $655,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of Brandywine Realty Trust by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust’s stock worth $159,620,000 after acquiring an additional 1,459,236 shares in the last quarter. Yeomans Consulting Group Inc. acquired a new position in shares of Brandywine Realty Trust in the 4th quarter valued at $16,617,000. Kawa Capital Management Inc purchased a new position in Brandywine Realty Trust in the 4th quarter worth about $14,713,000. Nordea Investment Management AB raised 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 worth $7,164,000 after buying an additional 70,985 shares during the period. Finally, New York State Common Retirement Fund lifted its stake in Brandywine Realty Trust by 2,688.7% during the fourth quarter. New York State Common Retirement Fund now owns 1,138,791 shares of the real estate investment trust’s stock valued at $6,377,000 after buying an additional 1,097,955 shares in the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

Brandywine Realty Trust Stock Performance

BDN stock opened at $4.07 on Friday. The firm has a 50 day moving average of $4.26 and a two-hundred day moving average of $5.01. Brandywine Realty Trust has a 12 month low of $3.41 and a 12 month high of $6.54. The company has a market capitalization of $704.27 million, a price-to-earnings ratio of -3.57 and a beta of 1.32. 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 issued its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. The business had revenue of $114.43 million during the quarter, compared to the consensus estimate of $119.45 million. As a group, equities analysts anticipate that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.74%. The ex-dividend date of this dividend was Thursday, April 3rd. Brandywine Realty Trust’s dividend payout ratio is -50.00%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on BDN shares. Evercore ISI lowered their price target 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.

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.