SG Americas Securities LLC Grows Position in Brandywine Realty Trust (NYSE:BDN)

SG Americas Securities LLC boosted its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 210.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,458 shares of the real estate investment trust’s stock after purchasing an additional 26,730 shares during the period. SG Americas Securities LLC’s holdings in Brandywine Realty Trust were worth $215,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Brandywine Realty Trust by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock worth $135,747,000 after purchasing an additional 651,299 shares during the last quarter. Lighthouse Investment Partners LLC increased its stake in shares of Brandywine Realty Trust by 50.6% in the second quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust’s stock worth $2,867,000 after acquiring an additional 215,000 shares during the period. Swedbank AB acquired a new stake in shares of Brandywine Realty Trust in the first quarter worth $637,000. Point72 Asset Management L.P. increased its stake in shares of Brandywine Realty Trust by 7,435.2% in the second quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock worth $9,351,000 after acquiring an additional 2,059,542 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Brandywine Realty Trust by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust’s stock worth $11,847,000 after acquiring an additional 91,852 shares during the period. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Brandywine Realty Trust Stock Down 2.0 %

BDN stock opened at $6.27 on Wednesday. The firm has a market cap of $1.08 billion, a PE ratio of -5.14 and a beta of 1.33. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07. The firm’s fifty day moving average is $5.42 and its 200 day moving average is $4.89. Brandywine Realty Trust has a one year low of $3.62 and a one year high of $6.54.

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). The firm had revenue of $125.30 million for the quarter, compared to analyst estimates of $119.47 million. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. On average, research analysts forecast that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 9.57%. 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.