Bank of America Corp DE Has $2.90 Million Stake in Brandywine Realty Trust (NYSE:BDN)

Bank of America Corp DE boosted its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 43.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 517,265 shares of the real estate investment trust’s stock after purchasing an additional 156,877 shares during the period. Bank of America Corp DE owned 0.30% of Brandywine Realty Trust worth $2,897,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BDN. Vanguard Group Inc. boosted its position in shares of 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 worth $159,620,000 after purchasing an additional 1,459,236 shares during the last quarter. Invesco Ltd. raised its stake in shares of Brandywine Realty Trust by 193.7% in the 4th quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust’s stock valued at $15,748,000 after purchasing an additional 1,854,749 shares during the period. Kawa Capital Management Inc acquired a new stake in shares of Brandywine Realty Trust in the 4th quarter valued at about $14,713,000. Northern Trust Corp increased its position in shares of Brandywine Realty Trust by 19.7% in the fourth quarter. Northern Trust Corp now owns 2,501,798 shares of the real estate investment trust’s stock valued at $14,010,000 after acquiring an additional 411,003 shares during the last quarter. Finally, Penn Capital Management Company LLC acquired a new stake in shares of Brandywine Realty Trust in the fourth quarter valued at about $13,300,000. 87.27% of the stock is owned by institutional investors and hedge funds.

Brandywine Realty Trust Stock Up 0.5%

NYSE BDN opened at $4.22 on Friday. The business has a fifty day moving average price of $4.07 and a two-hundred day moving average price of $4.81. 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 has a fifty-two week low of $3.41 and a fifty-two week high of $6.54. The stock has a market capitalization of $729.85 million, a PE ratio of -3.70 and a beta of 1.39.

Brandywine Realty Trust (NYSE:BDN) last posted 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). Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. The company had revenue of $114.43 million during the quarter, compared to analyst estimates of $119.45 million. Equities analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, July 2nd will be given a $0.15 dividend. The ex-dividend date is Wednesday, July 2nd. This represents a $0.60 annualized dividend and a yield of 14.22%. Brandywine Realty Trust’s payout ratio is -50.00%.

Insider Activity at Brandywine Realty Trust

In other news, CEO Gerard H. Sweeney bought 61,576 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were purchased at an average price of $4.07 per share, with a total value of $250,614.32. Following the transaction, the chief executive officer now directly owns 2,949,092 shares in the company, valued at $12,002,804.44. This represents a 2.13% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BDN shares. Wall Street Zen downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 1st. Evercore ISI reduced their price objective on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a report on Thursday, February 6th.

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.