Brandywine Realty Trust (NYSE:BDN) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its holdings in Brandywine Realty Trust (NYSE:BDN) by 19.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,402 shares of the real estate investment trust’s stock after selling 12,188 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Brandywine Realty Trust were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in shares of Brandywine Realty Trust during the 4th quarter valued at about $58,000. Metis Global Partners LLC purchased a new position in Brandywine Realty Trust during the fourth quarter worth approximately $59,000. Optas LLC acquired a new position in shares of Brandywine Realty Trust in the 4th quarter valued at $62,000. PDS Planning Inc acquired a new position in shares of Brandywine Realty Trust in the 4th quarter valued at $69,000. Finally, Scharf Investments LLC acquired a new stake in shares of Brandywine Realty Trust during the 4th quarter worth $77,000. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Brandywine Realty Trust Price Performance

Shares of Brandywine Realty Trust stock opened at $4.48 on Monday. The business’s fifty day moving average price is $4.61 and its 200 day moving average price is $4.67. Brandywine Realty Trust has a twelve month low of $3.62 and a twelve month high of $5.67. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.69. The stock has a market capitalization of $771.77 million, a P/E ratio of -3.67 and a beta of 1.29.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Thursday, April 18th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.34). The firm had revenue of $126.50 million for the quarter, compared to analysts’ expectations of $122.83 million. Brandywine Realty Trust had a negative return on equity of 14.62% and a negative net margin of 40.61%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 EPS. As a group, research analysts anticipate that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 13.39%. Brandywine Realty Trust’s dividend payout ratio (DPR) is -49.18%.

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.