Systematic Financial Management LP Cuts Position in Brandywine Realty Trust (NYSE:BDN)

Systematic Financial Management LP decreased its position in Brandywine Realty Trust (NYSE:BDN) by 12.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 699,500 shares of the real estate investment trust’s stock after selling 99,600 shares during the period. Systematic Financial Management LP owned about 0.41% of Brandywine Realty Trust worth $3,134,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Brandywine Realty Trust by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock worth $135,747,000 after purchasing an additional 651,299 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Brandywine Realty Trust by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust’s stock worth $11,847,000 after purchasing an additional 91,852 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Brandywine Realty Trust by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,752,578 shares of the real estate investment trust’s stock worth $7,852,000 after purchasing an additional 8,884 shares during the last quarter. Norges Bank bought a new stake in Brandywine Realty Trust during the 4th quarter valued at $6,610,000. Finally, Congress Asset Management Co. MA raised its stake in Brandywine Realty Trust by 1.1% during the 1st quarter. Congress Asset Management Co. MA now owns 664,750 shares of the real estate investment trust’s stock valued at $3,191,000 after acquiring an additional 6,921 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Down 1.7 %

Shares of NYSE BDN opened at $5.33 on Monday. Brandywine Realty Trust has a 1 year low of $3.62 and a 1 year high of $5.67. The firm has a market capitalization of $918.20 million, a PE ratio of -4.37 and a beta of 1.33. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73. The firm’s 50-day moving average is $5.09 and its 200-day moving average is $4.74.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The company had revenue of $125.30 million for the quarter, compared to analyst estimates of $119.47 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The company’s revenue was down .5% on a year-over-year basis. Equities analysts expect that Brandywine Realty Trust will post 0.93 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 11.26%. The ex-dividend date of this dividend is Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio (DPR) is -49.18%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Evercore ISI boosted their price objective on Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

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.