Sumitomo Mitsui Trust Group Inc. Trims Stock Holdings in Brandywine Realty Trust (NYSE:BDN)

Sumitomo Mitsui Trust Group Inc. decreased its position in Brandywine Realty Trust (NYSE:BDN) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 190,920 shares of the real estate investment trust’s stock after selling 5,349 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.11% of Brandywine Realty Trust worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State Street Corp raised its stake in Brandywine Realty Trust by 2.2% in the 3rd quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust’s stock worth $55,880,000 after acquiring an additional 218,444 shares during the last quarter. Yeomans Consulting Group Inc. purchased a new position in shares of Brandywine Realty Trust during the 4th quarter valued at about $16,617,000. Nordea Investment Management AB raised its stake in shares of Brandywine Realty Trust by 5.9% during the 4th quarter. Nordea Investment Management AB now owns 1,270,156 shares of the real estate investment trust’s stock valued at $7,164,000 after buying an additional 70,985 shares during the last quarter. Systematic Financial Management LP raised its stake in shares of Brandywine Realty Trust by 36.4% during the 3rd quarter. Systematic Financial Management LP now owns 954,325 shares of the real estate investment trust’s stock valued at $5,192,000 after buying an additional 254,825 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its stake in shares of Brandywine Realty Trust by 85.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 700,647 shares of the real estate investment trust’s stock valued at $3,812,000 after buying an additional 321,907 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

NYSE BDN opened at $4.88 on Friday. The stock has a 50-day simple moving average of $5.36 and a two-hundred day simple moving average of $5.36. The firm has a market capitalization of $841.77 million, a P/E ratio of -4.28 and a beta of 1.34. Brandywine Realty Trust has a fifty-two week low of $3.99 and a fifty-two week high of $6.54. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. On average, equities analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Wednesday, January 8th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, January 8th. This represents a $0.60 annualized dividend and a dividend yield of 12.31%. Brandywine Realty Trust’s dividend payout ratio is presently -52.63%.

Wall Street Analyst Weigh In

BDN has been the subject of a number of recent research reports. Evercore ISI reduced their price objective on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. StockNews.com lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th.

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.