Brandywine Realty Trust (NYSE:BDN) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its position in shares of Brandywine Realty Trust (NYSE:BDN) by 3.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 130,452 shares of the real estate investment trust’s stock after selling 4,092 shares during the quarter. Corient Private Wealth LLC’s holdings in Brandywine Realty Trust were worth $731,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in BDN. Franklin Resources Inc. raised its stake in shares of Brandywine Realty Trust by 222.4% in the third quarter. Franklin Resources Inc. now owns 179,554 shares of the real estate investment trust’s stock worth $1,072,000 after purchasing an additional 123,856 shares during the last quarter. State Street Corp increased its holdings in Brandywine Realty Trust by 2.2% in the 3rd quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust’s stock worth $55,880,000 after buying an additional 218,444 shares during the period. Barclays PLC raised its position in Brandywine Realty Trust by 91.8% during the 3rd quarter. Barclays PLC now owns 460,039 shares of the real estate investment trust’s stock worth $2,502,000 after buying an additional 220,176 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Brandywine Realty Trust by 42.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 668,148 shares of the real estate investment trust’s stock valued at $3,743,000 after acquiring an additional 200,067 shares during the last quarter. Finally, Yeomans Consulting Group Inc. acquired a new stake in shares of Brandywine Realty Trust in the fourth quarter worth $16,617,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Trading Down 1.0 %

Brandywine Realty Trust stock opened at $4.51 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.74 and a debt-to-equity ratio of 2.12. The firm has a market cap of $779.68 million, a PE ratio of -3.95 and a beta of 1.35. The stock’s 50 day simple moving average is $4.91 and its two-hundred day simple moving average is $5.29. Brandywine Realty Trust has a 12 month low of $4.17 and a 12 month high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly 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 net margin of 38.46% and a negative return on equity of 16.40%. Analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 17th. Investors 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 dividend on an annualized basis and a yield of 13.32%. Brandywine Realty Trust’s payout ratio is -52.63%.

Analysts Set New Price Targets

A number of research firms recently issued reports on BDN. StockNews.com downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Evercore ISI decreased their price objective on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a report 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.