Renaissance Technologies LLC Cuts Position in Brandywine Realty Trust (NYSE:BDN)

Renaissance Technologies LLC lowered its holdings in Brandywine Realty Trust (NYSE:BDN) by 51.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,998 shares of the real estate investment trust’s stock after selling 100,800 shares during the period. Renaissance Technologies LLC owned approximately 0.06% of Brandywine Realty Trust worth $430,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BDN. Bayesian Capital Management LP acquired a new position in Brandywine Realty Trust during the 1st quarter worth approximately $56,000. EntryPoint Capital LLC grew its holdings in Brandywine Realty Trust by 811.8% during the 1st quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 12,437 shares in the last quarter. NorthRock Partners LLC purchased a new stake in Brandywine Realty Trust during the 1st quarter worth $79,000. Scharf Investments LLC lifted its holdings in Brandywine Realty Trust by 18.8% in the 1st quarter. Scharf Investments LLC now owns 17,038 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 2,700 shares in the last quarter. Finally, EMC Capital Management boosted its position in Brandywine Realty Trust by 26.9% in the 1st quarter. EMC Capital Management now owns 20,845 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 4,419 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. Evercore ISI upped their price target on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a report on Monday, September 16th.

Brandywine Realty Trust Price Performance

BDN opened at $5.64 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.73. The company’s 50-day moving average price is $5.22 and its 200 day moving average price is $4.81. Brandywine Realty Trust has a fifty-two week low of $3.62 and a fifty-two week high of $5.86. The firm has a market cap of $971.61 million, a price-to-earnings ratio of -4.62 and a beta of 1.33.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The firm had revenue of $125.30 million for the quarter, compared to the consensus estimate of $119.47 million. During the same quarter in the prior year, the company posted $0.29 EPS. The firm’s revenue was down .5% on a year-over-year basis. As a group, sell-side analysts expect that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 10.64%. Brandywine Realty Trust’s dividend payout ratio (DPR) is -49.18%.

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.