Cerity Partners LLC Lowers Holdings in Brandywine Realty Trust (NYSE:BDN)

Cerity Partners LLC decreased its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 60.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,514 shares of the real estate investment trust’s stock after selling 65,719 shares during the quarter. Cerity Partners LLC’s holdings in Brandywine Realty Trust were worth $194,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Headlands Technologies LLC raised its stake in 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 buying an additional 2,441 shares during the last quarter. Breakthru Advisory Services LLC bought a new stake in shares of Brandywine Realty Trust during the fourth quarter valued at approximately $56,000. Tidal Investments LLC bought a new stake in shares of Brandywine Realty Trust during the fourth quarter valued at approximately $60,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Brandywine Realty Trust during the first quarter valued at approximately $71,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Brandywine Realty Trust by 479.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,565 shares of the real estate investment trust’s stock valued at $87,000 after acquiring an additional 12,879 shares in the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday.

Brandywine Realty Trust Price Performance

Shares of BDN opened at $4.02 on Tuesday. The company has a market capitalization of $695.26 million, a P/E ratio of -2.14 and a beta of 1.42. The company has a quick ratio of 1.95, a current ratio of 2.97 and a debt-to-equity ratio of 2.61. The firm has a 50 day moving average of $4.27 and a 200 day moving average of $4.45. Brandywine Realty Trust has a twelve month low of $3.41 and a twelve month high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). Brandywine Realty Trust had a negative net margin of 65.33% and a negative return on equity of 32.12%. The firm had revenue of $114.20 million for the quarter, compared to the consensus estimate of $120.66 million. As a group, 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 business also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, July 2nd were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 14.93%. The ex-dividend date of this dividend was Wednesday, July 2nd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -31.91%.

Insider Buying and Selling

In other news, CEO Gerard H. Sweeney acquired 61,576 shares of Brandywine Realty Trust stock in a transaction that occurred on Friday, May 2nd. The stock was bought at an average price 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 in the company, valued at $12,002,804.44. The trade was a 2.13% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.

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.