Brandywine Realty Trust (NYSE:BDN) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 3.1% during the fourth quarter, Holdings Channel.com reports. The fund owned 837,225 shares of the real estate investment trust’s stock after purchasing an additional 25,286 shares during the period. Principal Financial Group Inc.’s holdings in Brandywine Realty Trust were worth $4,688,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. First Trust Direct Indexing L.P. increased its stake in shares of Brandywine Realty Trust by 7.2% during the third 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 acquiring an additional 2,585 shares during the period. Van ECK Associates Corp grew its position in Brandywine Realty Trust by 10.0% in the third quarter. Van ECK Associates Corp now owns 32,987 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 2,986 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Brandywine Realty Trust by 5.5% in the third quarter. Daiwa Securities Group Inc. now owns 57,633 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 3,021 shares during the last quarter. abrdn plc grew its position in Brandywine Realty Trust by 10.5% in the third quarter. abrdn plc now owns 35,002 shares of the real estate investment trust’s stock worth $190,000 after buying an additional 3,339 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in Brandywine Realty Trust by 1.5% in the third quarter. Asset Management One Co. Ltd. now owns 247,826 shares of the real estate investment trust’s stock worth $1,348,000 after buying an additional 3,680 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Trading Down 4.2 %

Brandywine Realty Trust stock opened at $4.84 on Tuesday. 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 $835.70 million, a price-to-earnings ratio of -4.25 and a beta of 1.34. Brandywine Realty Trust has a 1 year low of $4.13 and a 1 year high of $6.54. The firm’s 50 day moving average price is $5.20 and its two-hundred day moving average price is $5.37.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.17 EPS 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%. On average, research analysts predict that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, April 3rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 12.40%. The ex-dividend date is Thursday, April 3rd. Brandywine Realty Trust’s dividend payout ratio is -52.63%.

Analyst Ratings Changes

Several research firms have issued reports on BDN. Evercore ISI decreased 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 research report on Thursday, February 6th. StockNews.com lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report 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.