GAMMA Investing LLC Sells 3,414 Shares of Brandywine Realty Trust (NYSE:BDN)

GAMMA Investing LLC trimmed its position in shares of Brandywine Realty Trust (NYSE:BDN) by 31.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,291 shares of the real estate investment trust’s stock after selling 3,414 shares during the period. GAMMA Investing LLC’s holdings in Brandywine Realty Trust were worth $35,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. CWM LLC raised its position in shares of Brandywine Realty Trust by 12.0% during the 1st quarter. CWM LLC now owns 22,129 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 2,365 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Brandywine Realty Trust by 1.6% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 193,300 shares of the real estate investment trust’s stock valued at $1,044,000 after purchasing an additional 3,000 shares during the period. SG Americas Securities LLC raised its position in shares of Brandywine Realty Trust by 3.0% during the 4th quarter. SG Americas Securities LLC now owns 113,149 shares of the real estate investment trust’s stock valued at $611,000 after purchasing an additional 3,263 shares during the period. First Trust Direct Indexing L.P. raised its position in shares of Brandywine Realty Trust by 27.8% during the 4th quarter. First Trust Direct Indexing L.P. now owns 17,545 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 3,819 shares during the period. Finally, Sheets Smith Wealth Management raised its position in shares of Brandywine Realty Trust by 13.7% during the 4th quarter. Sheets Smith Wealth Management now owns 32,041 shares of the real estate investment trust’s stock valued at $173,000 after purchasing an additional 3,862 shares during the period. 87.27% of the stock is currently owned by institutional investors.

Brandywine Realty Trust Stock Performance

Shares of NYSE BDN opened at $4.44 on Wednesday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market cap of $764.02 million, a P/E ratio of -3.64 and a beta of 1.29. The firm’s fifty day moving average is $4.60 and its two-hundred day moving average is $4.68. Brandywine Realty Trust has a 52-week low of $3.62 and a 52-week high of $5.67.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $122.83 million. Brandywine Realty Trust had a negative net margin of 40.61% and a negative return on equity of 14.62%. The business’s revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. As a group, analysts anticipate that Brandywine Realty Trust will post 0.93 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 13.53%. Brandywine Realty Trust’s dividend payout ratio is currently -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.