Rhumbline Advisers Purchases 16,540 Shares of Brandywine Realty Trust (NYSE:BDN)

Rhumbline Advisers lifted its holdings in Brandywine Realty Trust (NYSE:BDN) by 3.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,893 shares of the real estate investment trust’s stock after acquiring an additional 16,540 shares during the quarter. Rhumbline Advisers owned approximately 0.33% of Brandywine Realty Trust worth $3,197,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Asset Management One Co. Ltd. raised its position in Brandywine Realty Trust by 6.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 262,978 shares of the real estate investment trust’s stock worth $1,449,000 after purchasing an additional 15,152 shares during the last quarter. Van ECK Associates Corp raised its position in shares of Brandywine Realty Trust by 21.8% during the fourth quarter. Van ECK Associates Corp now owns 40,185 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 7,198 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Brandywine Realty Trust by 42.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 668,148 shares of the real estate investment trust’s stock valued at $3,743,000 after acquiring an additional 200,067 shares during the period. 17 Capital Partners LLC lifted its stake in shares of Brandywine Realty Trust by 37.7% during the fourth quarter. 17 Capital Partners LLC now owns 18,240 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 4,991 shares during the period. Finally, Apollon Wealth Management LLC bought a new position in Brandywine Realty Trust in the fourth quarter valued at about $68,000. 87.27% of the stock is currently owned by institutional investors.

Brandywine Realty Trust Stock Up 2.6 %

NYSE:BDN opened at $5.05 on Friday. Brandywine Realty Trust has a twelve month low of $4.13 and a twelve month high of $6.54. The firm has a market capitalization of $871.96 million, a price-to-earnings ratio of -4.43 and a beta of 1.34. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 2.12. The stock’s 50 day moving average price is $5.21 and its two-hundred day moving average price is $5.37.

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 for the quarter, beating the consensus estimate 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%. 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 disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $0.60 annualized dividend and a yield of 11.88%. Brandywine Realty Trust’s dividend payout ratio is currently -52.63%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on BDN shares. StockNews.com downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Evercore ISI cut 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 report 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.