Franklin Resources Inc. Has $1.07 Million Stock Holdings in Brandywine Realty Trust (NYSE:BDN)

Franklin Resources Inc. raised its stake in Brandywine Realty Trust (NYSE:BDN) by 222.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 179,554 shares of the real estate investment trust’s stock after purchasing an additional 123,856 shares during the period. Franklin Resources Inc. owned 0.10% of Brandywine Realty Trust worth $1,072,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its stake in Brandywine Realty Trust by 6.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,613 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 2,404 shares during the period. CWM LLC raised its position in shares of Brandywine Realty Trust by 10.8% during the third quarter. CWM LLC now owns 26,063 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 2,540 shares during the period. First Trust Direct Indexing L.P. raised its position in shares of Brandywine Realty Trust by 7.2% during the third quarter. First Trust Direct Indexing L.P. now owns 38,358 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 2,585 shares during the period. Presima Securities ULC lifted its holdings in shares of Brandywine Realty Trust by 1.1% in the 3rd quarter. Presima Securities ULC now owns 245,167 shares of the real estate investment trust’s stock worth $1,334,000 after purchasing an additional 2,700 shares in the last quarter. Finally, Van ECK Associates Corp increased its stake in Brandywine Realty Trust by 10.0% during the 3rd quarter. Van ECK Associates Corp now owns 32,987 shares of the real estate investment trust’s stock valued at $179,000 after purchasing an additional 2,986 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

Shares of BDN stock opened at $5.51 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74. The firm has a 50-day moving average of $5.51 and a 200-day moving average of $5.21. Brandywine Realty Trust has a one year low of $3.85 and a one year 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.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results 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 firm had revenue of $117.96 million for the quarter, compared to the consensus estimate of $120.00 million. Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. Brandywine Realty Trust’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.29 EPS. Equities research 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 disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Wednesday, January 8th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a yield of 10.89%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -33.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BDN shares. Evercore ISI lifted their price objective on shares of 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 upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday.

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.