Daiwa Securities Group Inc. Raises Position in Brandywine Realty Trust (NYSE:BDN)

Daiwa Securities Group Inc. lifted its stake in Brandywine Realty Trust (NYSE:BDN) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,633 shares of the real estate investment trust’s stock after purchasing an additional 3,021 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Brandywine Realty Trust were worth $314,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in Brandywine Realty Trust in the 2nd quarter worth about $27,000. Sei Investments Co. bought a new position in shares of Brandywine Realty Trust during the second quarter valued at approximately $48,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 valued at $55,000 after buying an additional 9,753 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Brandywine Realty Trust in the third quarter worth approximately $62,000. Finally, KBC Group NV lifted its stake in shares of Brandywine Realty Trust by 70.5% during the 3rd quarter. KBC Group NV now owns 12,166 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 5,029 shares during the last quarter. Institutional investors own 87.27% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Evercore ISI upped their price target 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.

Brandywine Realty Trust Stock Performance

BDN stock opened at $5.60 on Monday. The firm has a 50-day simple moving average of $5.55 and a two-hundred day simple moving average of $5.07. 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 firm has a market cap of $966.93 million, a price-to-earnings ratio of -3.11 and a beta of 1.33.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($1.20). The business had revenue of $117.96 million for the quarter, compared to analysts’ expectations of $120.00 million. Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 earnings per share. On average, equities analysts forecast that Brandywine Realty Trust will post 0.92 EPS for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 10.71%. The ex-dividend date was Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio is presently -33.33%.

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.