Brandywine Realty Trust (NYSE:BDN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 4.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 811,939 shares of the real estate investment trust’s stock after selling 37,564 shares during the quarter. Principal Financial Group Inc. owned about 0.47% of Brandywine Realty Trust worth $4,417,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its position in shares of Brandywine Realty Trust by 222.4% during the third quarter. Franklin Resources Inc. now owns 179,554 shares of the real estate investment trust’s stock valued at $1,072,000 after acquiring an additional 123,856 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Brandywine Realty Trust during the 3rd quarter worth approximately $137,000. McIlrath & Eck LLC purchased a new position in shares of Brandywine Realty Trust during the 3rd quarter worth approximately $75,000. Coldstream Capital Management Inc. acquired a new stake in Brandywine Realty Trust in the 3rd quarter valued at approximately $55,000. Finally, Barclays PLC raised its position in Brandywine Realty Trust by 91.8% in the third quarter. Barclays PLC now owns 460,039 shares of the real estate investment trust’s stock valued at $2,502,000 after purchasing an additional 220,176 shares during the period. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

Shares of BDN stock opened at $5.63 on Friday. The firm has a 50 day moving average of $5.48 and a two-hundred day moving average of $5.23. The stock has a market capitalization of $972.11 million, a PE ratio of -3.13 and a beta of 1.35. 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 52 week low of $3.85 and a 52 week high of $6.54.

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

Brandywine Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Wednesday, January 8th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.66%. Brandywine Realty Trust’s payout ratio is -33.33%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 28th. 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 report on Monday, September 16th.

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.