Envestnet Asset Management Inc. Purchases 68,008 Shares of Brandywine Realty Trust (NYSE:BDN)

Envestnet Asset Management Inc. lifted its position in shares of Brandywine Realty Trust (NYSE:BDN) by 66.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 170,718 shares of the real estate investment trust’s stock after purchasing an additional 68,008 shares during the period. Envestnet Asset Management Inc. owned 0.10% of Brandywine Realty Trust worth $956,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Brandywine Realty Trust by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust’s stock valued at $159,620,000 after buying an additional 1,459,236 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Brandywine Realty Trust by 222.4% in the third quarter. Franklin Resources Inc. now owns 179,554 shares of the real estate investment trust’s stock valued at $1,072,000 after acquiring an additional 123,856 shares in the last quarter. Barclays PLC grew its holdings in shares of 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 valued at $2,502,000 after acquiring an additional 220,176 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Brandywine Realty Trust by 42.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 668,148 shares of the real estate investment trust’s stock valued at $3,743,000 after acquiring an additional 200,067 shares during the last quarter. Finally, Yeomans Consulting Group Inc. bought a new stake in Brandywine Realty Trust during the fourth quarter worth $16,617,000. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BDN shares. Evercore ISI decreased their target price on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a research report on Thursday, February 6th. StockNews.com lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday.

Brandywine Realty Trust Price Performance

Brandywine Realty Trust stock opened at $4.07 on Friday. Brandywine Realty Trust has a 12 month low of $3.41 and a 12 month high of $6.54. 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 business’s 50 day simple moving average is $4.26 and its 200 day simple moving average is $5.01. The company has a market cap of $704.27 million, a price-to-earnings ratio of -3.57 and a beta of 1.32.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. The firm had revenue of $114.43 million during the quarter, compared to the consensus estimate of $119.45 million. Sell-side analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were given a $0.15 dividend. This represents a $0.60 annualized dividend 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 (DPR) is currently -50.00%.

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.