Ameriprise Financial Inc. Reduces Stock Holdings in Brandywine Realty Trust (NYSE:BDN)

Ameriprise Financial Inc. lowered its stake in Brandywine Realty Trust (NYSE:BDN) by 1.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,873,724 shares of the real estate investment trust’s stock after selling 35,739 shares during the period. Ameriprise Financial Inc. owned 1.09% of Brandywine Realty Trust worth $10,493,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BDN. Vanguard Group Inc. lifted its position in Brandywine Realty Trust by 5.4% during the fourth 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 period. Franklin Resources Inc. increased its stake in shares of Brandywine Realty Trust by 222.4% in the 3rd quarter. Franklin Resources Inc. now owns 179,554 shares of the real estate investment trust’s stock worth $1,072,000 after acquiring an additional 123,856 shares in the last quarter. Barclays PLC lifted its position in Brandywine Realty Trust by 91.8% during the 3rd 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 during the period. Allspring Global Investments Holdings LLC boosted its stake in 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 worth $3,743,000 after acquiring an additional 200,067 shares in the last quarter. Finally, Yeomans Consulting Group Inc. purchased a new stake in Brandywine Realty Trust in the fourth quarter worth about $16,617,000. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Price Performance

BDN opened at $4.36 on Tuesday. The firm has a market cap of $754.07 million, a PE ratio of -3.82 and a beta of 1.39. The stock has a 50-day moving average price of $4.13 and a 200-day moving average price of $4.88. Brandywine Realty Trust has a 1 year low of $3.41 and a 1 year high of $6.54. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $114.43 million for the quarter, compared to the consensus estimate of $119.45 million. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. Sell-side analysts predict 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 announced a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 13.76%. The ex-dividend date was Thursday, April 3rd. Brandywine Realty Trust’s payout ratio is -50.00%.

Insider Transactions at Brandywine Realty Trust

In related news, CEO Gerard H. Sweeney acquired 61,576 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was purchased at an average cost of $4.07 per share, with a total value of $250,614.32. Following the completion of the acquisition, the chief executive officer now directly owns 2,949,092 shares of the company’s stock, valued at approximately $12,002,804.44. This trade represents a 2.13% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 1st. Evercore ISI cut their price target on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th.

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.