US Bancorp DE Buys 5,599 Shares of Brandywine Realty Trust (NYSE:BDN)

US Bancorp DE lifted its position in shares of Brandywine Realty Trust (NYSE:BDN) by 11,198.0% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,649 shares of the real estate investment trust’s stock after buying an additional 5,599 shares during the quarter. US Bancorp DE’s holdings in Brandywine Realty Trust were worth $32,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BDN. Quarry LP raised its stake in Brandywine Realty Trust by 752.5% in the 3rd quarter. Quarry LP now owns 4,595 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 4,056 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Brandywine Realty Trust in the 4th quarter valued at $26,000. Paloma Partners Management Co bought a new position in shares of Brandywine Realty Trust in the 3rd quarter valued at $55,000. Coldstream Capital Management Inc. bought a new stake in shares of Brandywine Realty Trust during the 3rd quarter worth $55,000. Finally, KBC Group NV boosted its stake in Brandywine Realty Trust by 70.5% in the third quarter. KBC Group NV now owns 12,166 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 5,029 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Trading Down 0.3 %

Shares of NYSE BDN opened at $4.61 on Wednesday. The firm has a 50 day moving average price of $4.99 and a two-hundred day moving average price of $5.32. Brandywine Realty Trust has a 52-week low of $4.17 and a 52-week high of $6.54. The stock has a market cap of $796.99 million, a P/E ratio of -4.04 and a beta of 1.35. 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 announced its 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 return on equity of 16.40% and a negative net margin of 38.46%. As a group, equities analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 13.03%. The ex-dividend date of this dividend is Thursday, April 3rd. Brandywine Realty Trust’s dividend payout ratio is presently -52.63%.

Analysts Set New Price Targets

Several research analysts have commented on BDN shares. Evercore ISI lowered their target price on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th. StockNews.com cut 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.