New York State Teachers Retirement System Sells 7,889 Shares of Brandywine Realty Trust (NYSE:BDN)

New York State Teachers Retirement System lowered its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 14.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,655 shares of the real estate investment trust’s stock after selling 7,889 shares during the quarter. New York State Teachers Retirement System’s holdings in Brandywine Realty Trust were worth $208,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Brandywine Realty Trust by 5.4% during 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 in the last quarter. Invesco Ltd. lifted its position in Brandywine Realty Trust by 193.7% during the fourth quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust’s stock worth $15,748,000 after purchasing an additional 1,854,749 shares during the period. Millennium Management LLC grew its stake in Brandywine Realty Trust by 91.2% during the fourth quarter. Millennium Management LLC now owns 2,644,898 shares of the real estate investment trust’s stock worth $14,811,000 after buying an additional 1,261,752 shares in the last quarter. Kawa Capital Management Inc acquired a new stake in Brandywine Realty Trust during the fourth quarter worth about $14,713,000. Finally, Northern Trust Corp increased its holdings 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 valued at $14,010,000 after buying an additional 411,003 shares during the period. Institutional investors own 87.27% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Transactions 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 stock was purchased at an average cost of $4.07 per share, for a total transaction of $250,614.32. Following the completion of the transaction, the chief executive officer owned 2,949,092 shares of the company’s stock, valued at $12,002,804.44. This trade represents a 2.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 3.30% of the stock is currently owned by insiders.

Brandywine Realty Trust Stock Up 3.4%

NYSE BDN opened at $4.29 on Friday. The business has a fifty day moving average price of $4.27 and a two-hundred day moving average price of $4.57. The stock has a market capitalization of $741.96 million, a PE ratio of -3.57 and a beta of 1.42. Brandywine Realty Trust has a fifty-two week low of $3.41 and a fifty-two week 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.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Brandywine Realty Trust had a negative return on equity of 18.44% and a negative net margin of 40.97%. The business had revenue of $114.43 million for 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 17th. Investors of record on Wednesday, July 2nd will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, July 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 13.99%. Brandywine Realty Trust’s dividend payout ratio is currently -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.