Brandywine Realty Trust (NYSE:BDN) Stake Cut by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 32.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,843,263 shares of the real estate investment trust’s stock after selling 1,862,058 shares during the period. JPMorgan Chase & Co. owned about 2.23% of Brandywine Realty Trust worth $20,907,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BDN. Bank of New York Mellon Corp grew its position in shares of Brandywine Realty Trust by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,752,578 shares of the real estate investment trust’s stock valued at $7,852,000 after buying an additional 8,884 shares during the last quarter. Choreo LLC acquired a new position in Brandywine Realty Trust in the second quarter valued at approximately $103,000. Texas Permanent School Fund Corp grew its holdings in shares of Brandywine Realty Trust by 28.8% during the second quarter. Texas Permanent School Fund Corp now owns 194,011 shares of the real estate investment trust’s stock valued at $869,000 after purchasing an additional 43,393 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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 worth $11,847,000 after purchasing an additional 91,852 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Brandywine Realty Trust by 6.0% in 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 purchasing an additional 2,404 shares during the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

Brandywine Realty Trust Trading Down 4.3 %

Shares of NYSE:BDN opened at $5.16 on Thursday. The company has a 50 day moving average of $5.50 and a 200-day moving average of $5.26. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.05. The firm has a market cap of $890.96 million, a P/E ratio of -2.87 and a beta of 1.34. Brandywine Realty Trust has a twelve month low of $3.85 and a twelve month 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 for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $120.00 million. During the same quarter last year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, analysts anticipate that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Wednesday, January 8th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 11.63%. The ex-dividend date of this dividend is Wednesday, January 8th. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -33.33%.

Wall Street Analysts Forecast Growth

BDN has been the subject of a number of recent research reports. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 28th. Evercore ISI raised their price target on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research note 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.