Principal Financial Group Inc. Has $4.42 Million Holdings in Brandywine Realty Trust (NYSE:BDN)

Principal Financial Group Inc. lessened its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 4.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 811,939 shares of the real estate investment trust’s stock after selling 37,564 shares during the period. Principal Financial Group Inc.’s holdings in Brandywine Realty Trust were worth $4,417,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. ProShare Advisors LLC lifted its stake in shares of Brandywine Realty Trust by 7.4% during the first quarter. ProShare Advisors LLC now owns 34,360 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 2,360 shares during the period. Vanguard Group Inc. boosted its holdings in 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 buying an additional 651,299 shares during the last quarter. UniSuper Management Pty Ltd grew its position in shares of Brandywine Realty Trust by 165.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 126,941 shares of the real estate investment trust’s stock worth $609,000 after buying an additional 79,041 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Brandywine Realty Trust by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 469,975 shares of the real estate investment trust’s stock worth $2,248,000 after purchasing an additional 17,007 shares during the period. Finally, EntryPoint Capital LLC grew its holdings in shares of Brandywine Realty Trust by 811.8% in the 1st quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 12,437 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Up 3.5 %

BDN stock opened at $5.58 on Friday. The firm has a market capitalization of $963.50 million, a PE ratio of -3.10 and a beta of 1.33. The business’s 50 day simple moving average is $5.51 and its 200 day simple moving average is $5.03. Brandywine Realty Trust has a 1-year low of $3.85 and a 1-year high of $6.54. 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 (NYSE:BDN) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.20). The firm had revenue of $117.96 million during the quarter, compared to analyst estimates of $120.00 million. Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. Brandywine Realty Trust’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 EPS. As a group, research analysts anticipate that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 10.75%. Brandywine Realty Trust’s payout ratio is -33.33%.

Analyst Upgrades and Downgrades

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

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.