Allspring Global Investments Holdings LLC Purchases Shares of 468,081 Brandywine Realty Trust (NYSE:BDN)

Allspring Global Investments Holdings LLC purchased a new stake in shares of Brandywine Realty Trust (NYSE:BDN) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 468,081 shares of the real estate investment trust’s stock, valued at approximately $2,546,000.

Several other hedge funds have also added to or reduced their stakes in the business. ProShare Advisors LLC lifted its holdings in Brandywine Realty Trust by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 34,360 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 2,360 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Brandywine Realty Trust by 6.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,613 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 2,404 shares in the last quarter. CWM LLC lifted its holdings in shares of Brandywine Realty Trust by 10.8% during the third quarter. CWM LLC now owns 26,063 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 2,540 shares in the last quarter. Presima Securities ULC lifted its holdings in shares of Brandywine Realty Trust by 1.1% during the third quarter. Presima Securities ULC now owns 245,167 shares of the real estate investment trust’s stock worth $1,334,000 after buying an additional 2,700 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Brandywine Realty Trust by 1.3% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 208,133 shares of the real estate investment trust’s stock worth $999,000 after buying an additional 2,719 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Down 1.4 %

Shares of NYSE BDN opened at $5.25 on Wednesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07. Brandywine Realty Trust has a 52 week low of $3.62 and a 52 week high of $6.54. The stock has a market capitalization of $905.68 million, a P/E ratio of -2.91 and a beta of 1.33. The stock’s fifty day moving average is $5.47 and its 200 day moving average is $4.94.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly 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). Brandywine Realty Trust had a negative return on equity of 23.65% and a negative net margin of 60.08%. The company had revenue of $117.96 million during the quarter, compared to the consensus estimate of $120.00 million. During the same quarter in the previous year, the business posted $0.29 EPS. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. Sell-side analysts forecast that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.44%. The ex-dividend date was Wednesday, October 9th. Brandywine Realty Trust’s payout ratio is currently -33.33%.

Wall Street Analysts Forecast Growth

BDN has been the subject of a number of research reports. Evercore ISI lifted their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report 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.