Brandywine Realty Trust (NYSE:BDN) Shares Bought by State Street Corp

State Street Corp grew its holdings in Brandywine Realty Trust (NYSE:BDN) by 2.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,272,055 shares of the real estate investment trust’s stock after buying an additional 218,444 shares during the quarter. State Street Corp owned 5.95% of Brandywine Realty Trust worth $55,880,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP raised its position in Brandywine Realty Trust by 752.5% during the third quarter. Quarry LP now owns 4,595 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 4,056 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Brandywine Realty Trust during the 2nd quarter worth about $27,000. Paloma Partners Management Co purchased a new position in Brandywine Realty Trust in the 3rd quarter valued at about $55,000. Sei Investments Co. acquired a new stake in Brandywine Realty Trust in the 2nd quarter worth about $48,000. Finally, Wolverine Asset Management LLC purchased a new stake in Brandywine Realty Trust during the 3rd quarter worth approximately $62,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Down 7.2 %

Brandywine Realty Trust stock opened at $5.42 on Thursday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a 50 day moving average price of $5.59 and a 200 day moving average price of $5.16. Brandywine Realty Trust has a fifty-two week low of $3.85 and a fifty-two week high of $6.54. The company has a market capitalization of $935.85 million, a PE ratio of -3.01 and a beta of 1.35.

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 the consensus estimate of $0.24 by ($1.20). The business 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%. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. Research analysts expect that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Wednesday, January 8th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.07%. Brandywine Realty Trust’s payout ratio is currently -33.33%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI raised their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research report on Monday, September 16th.

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.