Wealth Enhancement Advisory Services LLC Increases Stake in Brandywine Realty Trust (NYSE:BDN)

Wealth Enhancement Advisory Services LLC increased its position in shares of Brandywine Realty Trust (NYSE:BDN) by 39.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,064 shares of the real estate investment trust’s stock after buying an additional 9,142 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Brandywine Realty Trust were worth $180,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in shares of Brandywine Realty Trust during the fourth quarter valued at $26,000. US Bancorp DE grew its stake in Brandywine Realty Trust by 11,198.0% in the fourth quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 5,599 shares during the last quarter. Headlands Technologies LLC grew its stake in Brandywine Realty Trust by 64.1% in 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 last quarter. Smartleaf Asset Management LLC grew its stake in Brandywine Realty Trust by 360.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 8,248 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 6,457 shares during the last quarter. Finally, Breakthru Advisory Services LLC purchased a new position in Brandywine Realty Trust in the fourth quarter valued at about $56,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Gerard H. Sweeney bought 61,576 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average price 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 $12,002,804.44. This trade represents a 2.13% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Analyst Upgrades and Downgrades

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

Brandywine Realty Trust Price Performance

BDN opened at $4.42 on Wednesday. The business’s 50-day moving average is $4.13 and its two-hundred day moving average is $4.72. 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 2.22, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market capitalization of $763.75 million, a PE ratio of -3.68 and a beta of 1.44.

Brandywine Realty Trust (NYSE:BDN) last posted 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 40.97% and a negative return on equity of 18.44%. The company had revenue of $114.43 million during the quarter, compared to analysts’ expectations of $119.45 million. Research analysts anticipate 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. Shareholders of record on Wednesday, July 2nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 13.59%. The ex-dividend date is Wednesday, July 2nd. Brandywine Realty Trust’s dividend payout ratio is presently -50.00%.

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.