Thrivent Financial for Lutherans Reduces Stock Position in Brandywine Realty Trust (NYSE:BDN)

Thrivent Financial for Lutherans decreased its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 5.4% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 135,282 shares of the real estate investment trust’s stock after selling 7,728 shares during the quarter. Thrivent Financial for Lutherans owned about 0.08% of Brandywine Realty Trust worth $736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BDN. Metis Global Partners LLC grew its holdings in shares of Brandywine Realty Trust by 38.8% in the third quarter. Metis Global Partners LLC now owns 18,775 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 5,251 shares in the last quarter. KBC Group NV boosted its position in shares of Brandywine Realty Trust by 70.5% in the 3rd quarter. KBC Group NV now owns 12,166 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 5,029 shares during the period. GSA Capital Partners LLP grew its position in shares of Brandywine Realty Trust by 23.7% during the third quarter. GSA Capital Partners LLP now owns 107,924 shares of the real estate investment trust’s stock worth $587,000 after acquiring an additional 20,657 shares during the last quarter. Versor Investments LP purchased a new position in Brandywine Realty Trust during the 3rd quarter worth $191,000. Finally, Wolverine Asset Management LLC purchased a new stake in Brandywine Realty Trust during the 3rd quarter valued at approximately $62,000. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Down 1.8 %

BDN opened at $5.54 on Wednesday. Brandywine Realty Trust has a one year low of $3.85 and a one year high of $6.54. The business’s fifty day moving average is $5.56 and its two-hundred day moving average is $5.08. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.05.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). The company 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 company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. As a group, equities analysts forecast that Brandywine Realty Trust will post 0.92 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.83%. The ex-dividend date was Wednesday, October 9th. Brandywine Realty Trust’s payout ratio is -33.33%.

Analysts Set New Price Targets

Separately, Evercore ISI boosted 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 research note on Monday, September 16th.

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.