Apollon Wealth Management LLC Purchases New Stake in Brandywine Realty Trust (NYSE:BDN)

Apollon Wealth Management LLC purchased a new position in shares of Brandywine Realty Trust (NYSE:BDN) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,210 shares of the real estate investment trust’s stock, valued at approximately $68,000.

Several other large investors have also recently added to or reduced their stakes in BDN. Quarry LP lifted its position in Brandywine Realty Trust by 752.5% in the third quarter. Quarry LP now owns 4,595 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 4,056 shares during the period. Paloma Partners Management Co purchased a new stake in Brandywine Realty Trust in the 3rd quarter worth approximately $55,000. Coldstream Capital Management Inc. purchased a new position in Brandywine Realty Trust in the third quarter valued at about $55,000. Wolverine Asset Management LLC bought a new stake in shares of Brandywine Realty Trust in the 3rd quarter valued at approximately $62,000. Finally, KBC Group NV raised its holdings in shares of Brandywine Realty Trust by 70.5% during the 3rd quarter. KBC Group NV now owns 12,166 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 5,029 shares in the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BDN shares. StockNews.com cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Evercore ISI lowered their price objective on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating on the stock in a research report on Thursday, February 6th.

Brandywine Realty Trust Stock Down 0.7 %

Shares of NYSE BDN opened at $4.88 on Friday. The business has a fifty day moving average of $5.36 and a two-hundred day moving average of $5.37. 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 has a 52-week low of $3.99 and a 52-week high of $6.54. The stock has a market cap of $841.77 million, a PE ratio of -4.28 and a beta of 1.34.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share (EPS) 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%. As a group, equities research analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Wednesday, January 8th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.31%. Brandywine Realty Trust’s payout ratio is currently -52.63%.

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.