Savant Capital LLC Sells 10,728 Shares of Brandywine Realty Trust (NYSE:BDN)

Savant Capital LLC reduced its stake in Brandywine Realty Trust (NYSE:BDN) by 34.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,012 shares of the real estate investment trust’s stock after selling 10,728 shares during the quarter. Savant Capital LLC’s holdings in Brandywine Realty Trust were worth $112,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. CWM LLC increased its holdings 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. increased its holdings 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. Van ECK Associates Corp increased its holdings in shares of Brandywine Realty Trust by 10.0% during the third quarter. Van ECK Associates Corp now owns 32,987 shares of the real estate investment trust’s stock worth $179,000 after purchasing an additional 2,986 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Brandywine Realty Trust by 5.5% during the third quarter. Daiwa Securities Group Inc. now owns 57,633 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 3,021 shares during the period. Finally, abrdn plc increased its holdings in shares of Brandywine Realty Trust by 10.5% during the third quarter. abrdn plc now owns 35,002 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 3,339 shares during the period. 87.27% of the stock is owned by institutional investors.

Brandywine Realty Trust Stock Performance

Shares of NYSE:BDN opened at $4.97 on Thursday. The company’s 50 day simple moving average is $5.31 and its 200 day simple moving average is $5.36. The stock has a market capitalization of $857.31 million, a price-to-earnings ratio of -4.36 and a beta of 1.34. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74. Brandywine Realty Trust has a 1 year low of $4.02 and a 1 year high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. As a group, research analysts predict that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 12.08%. Brandywine Realty Trust’s dividend payout ratio is currently -52.63%.

Wall Street Analyst Weigh In

BDN has been the topic of several recent research reports. StockNews.com cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 6th. Evercore ISI decreased their price objective on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th.

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.