Bank of New York Mellon Corp Sells 342,556 Shares of Brandywine Realty Trust (NYSE:BDN)

Bank of New York Mellon Corp trimmed its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 22.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,178,304 shares of the real estate investment trust’s stock after selling 342,556 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.68% of Brandywine Realty Trust worth $6,599,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BDN. State Street Corp lifted its holdings in shares of Brandywine Realty Trust by 2.2% in the third quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust’s stock worth $55,880,000 after buying an additional 218,444 shares in the last quarter. Yeomans Consulting Group Inc. purchased a new stake in shares of Brandywine Realty Trust in the fourth quarter valued at $16,617,000. Nordea Investment Management AB raised its stake in shares of Brandywine Realty Trust by 5.9% in the fourth 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 acquiring an additional 70,985 shares during the period. New York State Common Retirement Fund raised its stake in shares of Brandywine Realty Trust by 2,688.7% in the fourth quarter. New York State Common Retirement Fund now owns 1,138,791 shares of the real estate investment trust’s stock valued at $6,377,000 after acquiring an additional 1,097,955 shares during the period. Finally, Systematic Financial Management LP raised its stake in shares of Brandywine Realty Trust by 36.4% in the third quarter. Systematic Financial Management LP now owns 954,325 shares of the real estate investment trust’s stock valued at $5,192,000 after acquiring an additional 254,825 shares during the period. 87.27% of the stock is currently owned by institutional investors.

Brandywine Realty Trust Stock Performance

BDN stock opened at $4.54 on Monday. The firm has a market cap of $784.88 million, a price-to-earnings ratio of -3.98 and a beta of 1.35. The firm has a 50-day simple moving average of $5.02 and a two-hundred day simple moving average of $5.33. Brandywine Realty Trust has a one year low of $4.17 and a one year 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 released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 EPS 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%. On average, equities analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 13.23%. The ex-dividend date is Thursday, April 3rd. Brandywine Realty Trust’s payout ratio is currently -52.63%.

Analysts Set New Price Targets

A number of research analysts have recently commented on BDN shares. Evercore ISI cut their price target 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. StockNews.com cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating 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.