Congress Asset Management Co. MA Acquires 457,424 Shares of Brandywine Realty Trust (NYSE:BDN)

Congress Asset Management Co. MA raised its holdings in Brandywine Realty Trust (NYSE:BDN) by 228.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 657,829 shares of the real estate investment trust’s stock after purchasing an additional 457,424 shares during the period. Congress Asset Management Co. MA owned approximately 0.38% of Brandywine Realty Trust worth $3,552,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in shares of Brandywine Realty Trust by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,213,563 shares of the real estate investment trust’s stock worth $28,153,000 after acquiring an additional 540,658 shares during the period. Federated Hermes Inc. lifted its holdings in shares of Brandywine Realty Trust by 1.6% during the 4th quarter. Federated Hermes Inc. now owns 3,017,941 shares of the real estate investment trust’s stock worth $16,297,000 after acquiring an additional 48,959 shares during the period. Norges Bank bought a new stake in shares of Brandywine Realty Trust during the 4th quarter worth approximately $6,610,000. Algert Global LLC increased its position in Brandywine Realty Trust by 21.8% during the 3rd quarter. Algert Global LLC now owns 921,443 shares of the real estate investment trust’s stock worth $4,183,000 after purchasing an additional 165,090 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in Brandywine Realty Trust by 16.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 577,946 shares of the real estate investment trust’s stock worth $3,121,000 after purchasing an additional 81,249 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Price Performance

BDN stock opened at $4.52 on Tuesday. The company has a 50 day simple moving average of $4.58 and a 200 day simple moving average of $4.69. The stock has a market cap of $778.66 million, a price-to-earnings ratio of -3.70 and a beta of 1.29. Brandywine Realty Trust has a 1 year low of $3.62 and a 1 year high of $5.67. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.21 and a quick ratio of 2.21.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.34). The company had revenue of $126.50 million for the quarter, compared to analyst estimates of $122.83 million. Brandywine Realty Trust had a negative return on equity of 14.62% and a negative net margin of 40.61%. Brandywine Realty Trust’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. Research analysts anticipate that Brandywine Realty Trust will post 0.93 EPS for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 13.27%. The ex-dividend date is Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio is -49.18%.

About Brandywine Realty Trust

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.