Principal Financial Group Inc. Acquires 22,530 Shares of Brandywine Realty Trust (NYSE:BDN)

Principal Financial Group Inc. raised its position in shares of Brandywine Realty Trust (NYSE:BDN) by 2.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 859,755 shares of the real estate investment trust’s stock after acquiring an additional 22,530 shares during the period. Principal Financial Group Inc. owned approximately 0.50% of Brandywine Realty Trust worth $3,835,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Headlands Technologies LLC boosted its stake 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. Breakthru Advisory Services LLC acquired a new position in shares of Brandywine Realty Trust during the fourth quarter valued at about $56,000. Sciencast Management LP acquired a new position in shares of Brandywine Realty Trust during the fourth quarter valued at about $57,000. Tidal Investments LLC acquired a new position in Brandywine Realty Trust in the 4th quarter worth approximately $60,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in Brandywine Realty Trust in the 1st quarter worth approximately $71,000. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Price Performance

BDN stock opened at $4.26 on Friday. The business has a 50 day moving average price of $4.29 and a 200 day moving average price of $4.52. The stock has a market cap of $735.90 million, a price-to-earnings ratio of -3.55 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 quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 2.22.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data 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 business had revenue of $114.43 million for the quarter, compared to analyst estimates of $119.45 million. Brandywine Realty Trust had a negative return on equity of 18.44% and a negative net margin of 40.97%. Equities 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 disclosed a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, July 2nd were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, July 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 14.10%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -50.00%.

Insiders Place Their Bets

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney bought 61,576 shares of the business’s stock in a transaction on Friday, May 2nd. The shares were purchased at an average price of $4.07 per share, with a total value of $250,614.32. Following 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 3.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered 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.