Cambridge Investment Research Advisors Inc. Increases Stock Position in Brandywine Realty Trust (NYSE:BDN)

Cambridge Investment Research Advisors Inc. raised its position in shares of Brandywine Realty Trust (NYSE:BDN) by 89.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,714 shares of the real estate investment trust’s stock after buying an additional 11,684 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Brandywine Realty Trust were worth $110,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in 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 valued at $159,620,000 after buying an additional 1,459,236 shares during the period. Lighthouse Investment Partners LLC purchased a new stake in Brandywine Realty Trust during the 4th quarter valued at $6,848,000. Nuveen Asset Management LLC boosted its position in Brandywine Realty Trust by 39.0% during the 4th quarter. Nuveen Asset Management LLC now owns 673,737 shares of the real estate investment trust’s stock valued at $3,773,000 after buying an additional 189,143 shares during the period. Tidal Investments LLC purchased a new stake in Brandywine Realty Trust during the 4th quarter valued at $60,000. Finally, Breakthru Advisory Services LLC purchased a new stake in Brandywine Realty Trust during the 4th quarter valued at $56,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Insider Activity

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney acquired 61,576 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were acquired at an average price of $4.07 per share, with a total value of $250,614.32. Following the completion of the purchase, the chief executive officer directly owned 2,949,092 shares of the company’s stock, valued at approximately $12,002,804.44. The trade was a 2.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.30% of the stock is currently owned by insiders.

Brandywine Realty Trust Price Performance

BDN stock opened at $4.36 on Tuesday. 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 has a 1 year low of $3.41 and a 1 year high of $6.54. The firm has a 50-day moving average of $4.27 and a 200 day moving average of $4.54. The company has a market cap of $753.20 million, a P/E ratio of -3.63 and a beta of 1.42.

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 for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $114.43 million for the quarter, compared to analysts’ expectations of $119.45 million. Brandywine Realty Trust had a negative return on equity of 18.44% and a negative net margin of 40.97%. On average, sell-side analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 17th. Stockholders 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 dividend yield of 13.78%. The ex-dividend date is Wednesday, July 2nd. Brandywine Realty Trust’s dividend payout ratio is presently -50.00%.

Wall Street Analyst Weigh In

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 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.