Squarepoint Ops LLC Sells 5,462 Shares of Brandywine Realty Trust (NYSE:BDN)

Squarepoint Ops LLC reduced its position in shares of Brandywine Realty Trust (NYSE:BDN) by 6.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 83,416 shares of the real estate investment trust’s stock after selling 5,462 shares during the period. Squarepoint Ops LLC’s holdings in Brandywine Realty Trust were worth $374,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Brandywine Realty Trust by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock worth $135,747,000 after buying an additional 651,299 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Brandywine Realty Trust by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust’s stock valued at $11,847,000 after acquiring an additional 91,852 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Brandywine Realty Trust by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,752,578 shares of the real estate investment trust’s stock worth $7,852,000 after purchasing an additional 8,884 shares in the last quarter. Congress Asset Management Co. MA lifted its position in shares of Brandywine Realty Trust by 1.1% in the 1st quarter. Congress Asset Management Co. MA now owns 664,750 shares of the real estate investment trust’s stock worth $3,191,000 after purchasing an additional 6,921 shares during the period. Finally, LDR Capital Management LLC boosted its stake in shares of Brandywine Realty Trust by 15.1% during the 2nd quarter. LDR Capital Management LLC now owns 621,627 shares of the real estate investment trust’s stock valued at $2,785,000 after purchasing an additional 81,600 shares in the last quarter. 87.27% of the stock is owned by institutional investors.

Brandywine Realty Trust Stock Up 1.4 %

Shares of Brandywine Realty Trust stock opened at $5.64 on Friday. Brandywine Realty Trust has a 1 year low of $3.62 and a 1 year high of $5.86. The firm has a market cap of $971.61 million, a price-to-earnings ratio of -4.62 and a beta of 1.33. The company has a 50-day moving average of $5.22 and a 200 day moving average of $4.81. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.07 and a quick ratio of 2.07.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The company had revenue of $125.30 million during the quarter, compared to the consensus estimate of $119.47 million. Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 earnings per share. As a group, sell-side analysts anticipate that Brandywine Realty Trust will post 0.93 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be issued a $0.15 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 10.64%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -49.18%.

Analysts Set New Price Targets

Several analysts have commented on BDN shares. StockNews.com upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. Evercore ISI raised their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research note on Monday, September 16th.

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.