Point72 Asset Management L.P. Boosts Holdings in Brandywine Realty Trust (NYSE:BDN)

Point72 Asset Management L.P. raised its holdings in Brandywine Realty Trust (NYSE:BDN) by 7,435.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,087,242 shares of the real estate investment trust’s stock after purchasing an additional 2,059,542 shares during the period. Point72 Asset Management L.P. owned 1.21% of Brandywine Realty Trust worth $9,351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank purchased a new stake in Brandywine Realty Trust during the fourth quarter valued at about $6,610,000. Hsbc Holdings PLC increased its position in Brandywine Realty Trust by 125.9% during the 4th quarter. Hsbc Holdings PLC now owns 230,618 shares of the real estate investment trust’s stock worth $1,248,000 after purchasing an additional 128,529 shares in the last quarter. Caxton Associates LP raised its holdings in Brandywine Realty Trust by 56.6% in the fourth quarter. Caxton Associates LP now owns 355,122 shares of the real estate investment trust’s stock valued at $1,918,000 after buying an additional 128,388 shares during the period. Congress Asset Management Co. MA raised its holdings in Brandywine Realty Trust by 228.2% in the fourth quarter. Congress Asset Management Co. MA now owns 657,829 shares of the real estate investment trust’s stock valued at $3,552,000 after buying an additional 457,424 shares during the period. Finally, Quadrature Capital Ltd acquired a new position in Brandywine Realty Trust during the fourth quarter valued at approximately $272,000. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BDN has been the topic of several research reports. Evercore ISI raised their price objective on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

Brandywine Realty Trust Stock Up 2.1 %

BDN stock opened at $5.44 on Tuesday. The company has a market capitalization of $937.15 million, a P/E ratio of -4.46 and a beta of 1.33. The firm has a 50 day simple moving average of $5.11 and a 200-day simple moving average of $4.75. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73. Brandywine Realty Trust has a twelve month low of $3.62 and a twelve month high of $5.67.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.05). Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The firm had revenue of $125.30 million during the quarter, compared to the consensus estimate of $119.47 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was down .5% compared to the same quarter last year. On average, equities research analysts predict that Brandywine Realty Trust will post 0.93 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 11.03%. The ex-dividend date is Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio is presently -49.18%.

Brandywine Realty Trust Company 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.