Van ECK Associates Corp Buys 7,198 Shares of Brandywine Realty Trust (NYSE:BDN)

Van ECK Associates Corp grew its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 21.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,185 shares of the real estate investment trust’s stock after purchasing an additional 7,198 shares during the period. Van ECK Associates Corp’s holdings in Brandywine Realty Trust were worth $225,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BDN. Allspring Global Investments Holdings LLC bought a new stake in shares of Brandywine Realty Trust during the 3rd quarter valued at about $2,546,000. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Brandywine Realty Trust by 57.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 22,922 shares of the real estate investment trust’s stock valued at $125,000 after purchasing an additional 8,408 shares in the last quarter. abrdn plc boosted its stake in shares of Brandywine Realty Trust by 10.5% during the 3rd quarter. abrdn plc now owns 35,002 shares of the real estate investment trust’s stock valued at $190,000 after purchasing an additional 3,339 shares in the last quarter. First Trust Direct Indexing L.P. boosted its stake in shares of Brandywine Realty Trust by 7.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 38,358 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 2,585 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Brandywine Realty Trust by 85.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 700,647 shares of the real estate investment trust’s stock valued at $3,812,000 after purchasing an additional 321,907 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Trading Down 2.3 %

NYSE:BDN opened at $4.85 on Monday. Brandywine Realty Trust has a one year low of $4.02 and a one year high of $6.54. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74. The company’s 50-day simple moving average is $5.28 and its 200 day simple moving average is $5.37. The firm has a market capitalization of $836.59 million, a P/E ratio of -4.25 and a beta of 1.34.

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 (EPS) for the quarter, topping 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%. As a group, analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be issued a $0.15 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $0.60 annualized dividend and a yield of 12.38%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -52.63%.

Analysts Set New Price Targets

Several research firms recently commented on BDN. Evercore ISI dropped 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. StockNews.com lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating 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.