Prudential Financial Inc. Sells 81,050 Shares of Brandywine Realty Trust (NYSE:BDN)

Prudential Financial Inc. trimmed its position in Brandywine Realty Trust (NYSE:BDN) by 24.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245,421 shares of the real estate investment trust’s stock after selling 81,050 shares during the period. Prudential Financial Inc. owned 0.14% of Brandywine Realty Trust worth $1,374,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Brandywine Realty Trust by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust’s stock worth $159,620,000 after buying an additional 1,459,236 shares during the period. State Street Corp boosted its stake in Brandywine Realty Trust by 2.2% during 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 acquiring an additional 218,444 shares in the last quarter. Yeomans Consulting Group Inc. purchased a new stake in Brandywine Realty Trust in the fourth quarter worth about $16,617,000. Nordea Investment Management AB increased its stake in shares of Brandywine Realty Trust by 5.9% during 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 purchasing an additional 70,985 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Brandywine Realty Trust by 2,688.7% during 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 purchasing an additional 1,097,955 shares during the last quarter. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Down 0.1 %

NYSE:BDN opened at $4.01 on Friday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26. The firm has a market cap of $693.15 million, a P/E ratio of -3.51 and a beta of 1.32. Brandywine Realty Trust has a fifty-two week low of $3.83 and a fifty-two week high of $6.54. The firm has a 50-day simple moving average of $4.79 and a two-hundred day simple moving average of $5.26.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share for the quarter, topping 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%. Analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm 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 dividend of $0.15 per share. The ex-dividend date is Thursday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 14.98%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -52.63%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BDN shares. Evercore ISI cut their price target on 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. StockNews.com cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th.

Brandywine Realty Trust 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.