Rhumbline Advisers Has $2.43 Million Stock Position in Brandywine Realty Trust (NYSE:BDN)

Rhumbline Advisers cut its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 4.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 545,627 shares of the real estate investment trust’s stock after selling 25,266 shares during the period. Rhumbline Advisers owned 0.32% of Brandywine Realty Trust worth $2,433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BDN. O Shaughnessy Asset Management LLC increased its stake in Brandywine Realty Trust by 13.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 16,888 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 2,064 shares during the last quarter. Pine Valley Investments Ltd Liability Co boosted its position in Brandywine Realty Trust by 13.1% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 18,914 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 2,190 shares during the last quarter. Headlands Technologies LLC raised its holdings in shares of Brandywine Realty Trust by 64.1% during the fourth quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust’s stock valued at $35,000 after purchasing an additional 2,441 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Brandywine Realty Trust by 5.6% during the fourth quarter. BNP Paribas Financial Markets now owns 63,060 shares of the real estate investment trust’s stock valued at $353,000 after purchasing an additional 3,347 shares during the period. Finally, Quantinno Capital Management LP boosted its stake in Brandywine Realty Trust by 37.7% during the 4th quarter. Quantinno Capital Management LP now owns 15,770 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 4,318 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, May 1st.

Brandywine Realty Trust Stock Up 0.1%

BDN opened at $4.49 on Tuesday. The company has a 50 day moving average of $4.12 and a 200 day moving average of $4.72. The company has a market cap of $777.07 million, a PE ratio of -3.94 and a beta of 1.44. 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.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $114.43 million during 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%. On average, sell-side analysts expect that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently announced 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. This represents a $0.60 dividend on an annualized basis and a yield of 13.35%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brandywine Realty Trust’s payout ratio is presently -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.