KBC Group NV Grows Stock Position in Brandywine Realty Trust (NYSE:BDN)

KBC Group NV boosted its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 70.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,166 shares of the real estate investment trust’s stock after purchasing an additional 5,029 shares during the quarter. KBC Group NV’s holdings in Brandywine Realty Trust were worth $66,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Point72 DIFC Ltd purchased a new position in Brandywine Realty Trust in the second quarter valued at $27,000. Sei Investments Co. purchased a new position in shares of Brandywine Realty Trust in the 2nd quarter valued at about $48,000. Wolverine Asset Management LLC acquired a new stake in shares of Brandywine Realty Trust during the 3rd quarter worth about $62,000. Bayesian Capital Management LP acquired a new stake in shares of Brandywine Realty Trust during the 1st quarter worth about $56,000. Finally, EverSource Wealth Advisors LLC lifted its stake in Brandywine Realty Trust by 381.7% during the second quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 9,753 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Up 0.2 %

BDN opened at $5.55 on Friday. The stock has a market capitalization of $958.30 million, a P/E ratio of -3.08 and a beta of 1.33. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.74 and a current ratio of 1.74. Brandywine Realty Trust has a one year low of $3.85 and a one year high of $6.54. The business’s 50-day simple moving average is $5.52 and its 200-day simple moving average is $5.04.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). The firm had revenue of $117.96 million during the quarter, compared to analysts’ expectations of $120.00 million. Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. Brandywine Realty Trust’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 EPS. Analysts anticipate that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a yield of 10.81%. Brandywine Realty Trust’s dividend payout ratio is presently -33.33%.

Wall Street Analyst Weigh In

Separately, Evercore ISI raised 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 report on Monday, September 16th.

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.