Allspring Global Investments Holdings LLC Has $4.24 Million Stock Holdings in Brandywine Realty Trust (NYSE:BDN)

Allspring Global Investments Holdings LLC increased its position in shares of Brandywine Realty Trust (NYSE:BDN) by 42.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 950,179 shares of the real estate investment trust’s stock after buying an additional 282,031 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.55% of Brandywine Realty Trust worth $4,238,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Brandywine Realty Trust by 5.4% in 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 acquiring 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 fourth quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust’s stock valued at $15,748,000 after acquiring an additional 1,854,749 shares during the last quarter. Millennium Management LLC raised its position in Brandywine Realty Trust by 91.2% in the 4th quarter. Millennium Management LLC now owns 2,644,898 shares of the real estate investment trust’s stock worth $14,811,000 after purchasing an additional 1,261,752 shares during the last quarter. Kawa Capital Management Inc bought a new position in Brandywine Realty Trust in the 4th quarter worth approximately $14,713,000. Finally, Northern Trust Corp raised its position in Brandywine Realty Trust by 19.7% in the 4th quarter. Northern Trust Corp now owns 2,501,798 shares of the real estate investment trust’s stock worth $14,010,000 after purchasing an additional 411,003 shares during the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Gerard H. Sweeney purchased 61,576 shares of the firm’s stock in a transaction dated Friday, May 2nd. The stock was bought at an average price of $4.07 per share, with a total value of $250,614.32. Following the acquisition, the chief executive officer directly owned 2,949,092 shares of the company’s stock, valued at approximately $12,002,804.44. This represents a 2.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

Brandywine Realty Trust Stock Performance

Shares of Brandywine Realty Trust stock opened at $4.11 on Monday. The firm has a fifty day moving average of $4.26 and a two-hundred day moving average of $4.59. The stock has a market capitalization of $710.82 million, a price-to-earnings ratio of -3.42 and a beta of 1.42. Brandywine Realty Trust has a 52 week low of $3.41 and a 52 week high of $6.54. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.95 and a current ratio of 1.95.

Brandywine Realty Trust (NYSE:BDN) last issued its 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 business 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 40.97% and a negative return on equity of 18.44%. As a group, equities research analysts predict that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders of record on Wednesday, July 2nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 14.60%. The ex-dividend date of this dividend is Wednesday, July 2nd. Brandywine Realty Trust’s dividend payout ratio (DPR) is -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.