MetLife Investment Management LLC Sells 12,874 Shares of Brandywine Realty Trust (NYSE:BDN)

MetLife Investment Management LLC cut its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 12.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,026 shares of the real estate investment trust’s stock after selling 12,874 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of Brandywine Realty Trust worth $484,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Point72 DIFC Ltd bought a new stake in Brandywine Realty Trust in the second quarter worth about $27,000. Sei Investments Co. purchased a new stake in shares of Brandywine Realty Trust during the 2nd quarter worth approximately $48,000. EverSource Wealth Advisors LLC increased its stake in shares of Brandywine Realty Trust by 381.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 9,753 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Brandywine Realty Trust in the 3rd quarter worth approximately $62,000. Finally, KBC Group NV lifted its stake in Brandywine Realty Trust by 70.5% in the third quarter. KBC Group NV now owns 12,166 shares of the real estate investment trust’s stock valued at $66,000 after purchasing an additional 5,029 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Evercore ISI raised their target price on 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 Price Performance

BDN opened at $5.62 on Friday. The firm has a 50-day moving average price of $5.58 and a 200-day moving average price of $5.10. Brandywine Realty Trust has a twelve month low of $3.85 and a twelve month high of $6.54. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $970.41 million, a price-to-earnings ratio of -3.12 and a beta of 1.35.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). The business had revenue of $117.96 million during the quarter, compared to analysts’ expectations of $120.00 million. Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 earnings per share. Equities analysts expect 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. Shareholders of record on Wednesday, October 9th were paid a $0.15 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 10.68%. Brandywine Realty Trust’s dividend payout ratio is currently -33.33%.

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.