KBC Group NV Increases Stake in Brandywine Realty Trust (NYSE:BDN)

KBC Group NV grew its position in Brandywine Realty Trust (NYSE:BDN) by 70.5% during the 3rd quarter, Holdings Channel reports. The fund owned 12,166 shares of the real estate investment trust’s stock after buying an additional 5,029 shares during the quarter. KBC Group NV’s holdings in Brandywine Realty Trust were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BDN. Point72 Asset Management L.P. lifted its position in Brandywine Realty Trust by 7,435.2% in the second quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock valued at $9,351,000 after purchasing an additional 2,059,542 shares during the period. Vanguard Group Inc. lifted 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 valued at $135,747,000 after buying an additional 651,299 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of Brandywine Realty Trust in the 3rd quarter valued at approximately $2,546,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of Brandywine Realty Trust by 85.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 700,647 shares of the real estate investment trust’s stock valued at $3,812,000 after buying an additional 321,907 shares in the last quarter. Finally, Lighthouse Investment Partners LLC grew its holdings in Brandywine Realty Trust by 50.6% during the second quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust’s stock worth $2,867,000 after acquiring an additional 215,000 shares during the period. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Price Performance

BDN stock opened at $5.55 on Friday. The firm has a 50 day moving average of $5.52 and a 200-day moving average of $5.04. The company has a market cap of $958.30 million, a price-to-earnings ratio of -3.08 and a beta of 1.33. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.05. Brandywine Realty Trust has a 12-month low of $3.85 and a 12-month high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). The firm had revenue of $117.96 million for the quarter, compared to analysts’ expectations of $120.00 million. Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share. As a group, equities analysts expect that Brandywine Realty Trust will post 0.92 EPS for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a yield of 10.81%. Brandywine Realty Trust’s payout ratio is -33.33%.

Analysts Set New Price Targets

Separately, Evercore ISI boosted their target price on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th.

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.