20,573 Shares in Brandywine Realty Trust (NYSE:BDN) Purchased by MML Investors Services LLC

MML Investors Services LLC purchased a new stake in Brandywine Realty Trust (NYSE:BDN) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 20,573 shares of the real estate investment trust’s stock, valued at approximately $112,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BDN. State Street Corp raised its stake in shares of Brandywine Realty Trust by 2.2% in the third quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust’s stock valued at $55,880,000 after acquiring an additional 218,444 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Brandywine Realty Trust by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust’s stock valued at $11,847,000 after purchasing an additional 91,852 shares in the last quarter. Point72 Asset Management L.P. raised its position in Brandywine Realty Trust by 7,435.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock valued at $9,351,000 after purchasing an additional 2,059,542 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Brandywine Realty Trust by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 1,752,578 shares of the real estate investment trust’s stock worth $7,852,000 after purchasing an additional 8,884 shares in the last quarter. Finally, Systematic Financial Management LP boosted its stake in Brandywine Realty Trust by 36.4% in the third quarter. Systematic Financial Management LP now owns 954,325 shares of the real estate investment trust’s stock worth $5,192,000 after purchasing an additional 254,825 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Evercore ISI lifted their price target on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a report on Monday, September 16th. StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday.

Brandywine Realty Trust Trading Down 1.8 %

BDN stock opened at $5.51 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.05. Brandywine Realty Trust has a twelve month low of $3.85 and a twelve month high of $6.54. The company has a market cap of $951.39 million, a P/E ratio of -3.06 and a beta of 1.35. The business has a fifty day moving average of $5.51 and a 200-day moving average of $5.20.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data 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). Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. The firm had revenue of $117.96 million for the quarter, compared to the consensus estimate of $120.00 million. During the same period in the prior year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. As a group, equities research analysts expect that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Wednesday, January 8th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 10.89%. The ex-dividend date is Wednesday, January 8th. Brandywine Realty Trust’s dividend payout ratio is presently -33.33%.

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.