Intech Investment Management LLC Acquires Shares of 65,201 Brandywine Realty Trust (NYSE:BDN)

Intech Investment Management LLC acquired a new stake in Brandywine Realty Trust (NYSE:BDN) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 65,201 shares of the real estate investment trust’s stock, valued at approximately $292,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Brandywine Realty Trust by 2.4% during the first 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 in the last quarter. Congress Asset Management Co. MA increased its stake in shares of Brandywine Realty Trust by 228.2% during the fourth quarter. Congress Asset Management Co. MA now owns 657,829 shares of the real estate investment trust’s stock worth $3,552,000 after purchasing an additional 457,424 shares in the last quarter. Swedbank AB purchased a new stake in shares of Brandywine Realty Trust during the first quarter worth about $637,000. Norges Bank purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter worth about $6,610,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Brandywine Realty Trust by 1.6% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 193,300 shares of the real estate investment trust’s stock worth $1,044,000 after purchasing an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Down 1.7 %

Shares of NYSE BDN opened at $5.33 on Friday. Brandywine Realty Trust has a 12-month low of $3.62 and a 12-month high of $5.67. The stock has a market cap 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 company has a 50-day moving average of $5.09 and a 200 day moving average of $4.74.

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

Brandywine Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

BDN has been the subject of several research reports. Evercore ISI upped their price objective on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th.

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.