Cibc World Markets Corp Makes New $89,000 Investment in Brandywine Realty Trust (NYSE:BDN)

Cibc World Markets Corp purchased a new stake in shares of Brandywine Realty Trust (NYSE:BDN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,861 shares of the real estate investment trust’s stock, valued at approximately $89,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its stake in Brandywine Realty Trust by 2.2% during the 3rd quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust’s stock valued at $55,880,000 after buying an additional 218,444 shares during the period. Yeomans Consulting Group Inc. bought a new position in shares of Brandywine Realty Trust in the fourth quarter valued at approximately $16,617,000. Nordea Investment Management AB increased its stake in shares of Brandywine Realty Trust by 5.9% during the fourth quarter. Nordea Investment Management AB now owns 1,270,156 shares of the real estate investment trust’s stock valued at $7,164,000 after acquiring an additional 70,985 shares during the period. New York State Common Retirement Fund increased its stake in shares of Brandywine Realty Trust by 2,688.7% during the fourth quarter. New York State Common Retirement Fund now owns 1,138,791 shares of the real estate investment trust’s stock valued at $6,377,000 after acquiring an additional 1,097,955 shares during the period. Finally, Systematic Financial Management LP raised its holdings in Brandywine Realty Trust by 36.4% during the third quarter. Systematic Financial Management LP now owns 954,325 shares of the real estate investment trust’s stock worth $5,192,000 after purchasing an additional 254,825 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors.

Brandywine Realty Trust Price Performance

NYSE BDN opened at $4.51 on Friday. Brandywine Realty Trust has a 1 year low of $4.17 and a 1 year high of $6.54. The business’s fifty day moving average is $4.91 and its two-hundred day moving average is $5.29. The stock has a market capitalization of $779.68 million, a P/E ratio of -3.95 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, research analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share 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. This represents a $0.60 annualized dividend and a dividend yield of 13.32%. The ex-dividend date of this dividend is Thursday, April 3rd. Brandywine Realty Trust’s payout ratio is -52.63%.

Analysts Set New Price Targets

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