Geode Capital Management LLC Sells 47,258 Shares of Brandywine Realty Trust (NYSE:BDN)

Geode Capital Management LLC lowered its holdings in Brandywine Realty Trust (NYSE:BDN) by 1.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,388,704 shares of the real estate investment trust’s stock after selling 47,258 shares during the quarter. Geode Capital Management LLC’s holdings in Brandywine Realty Trust were worth $23,879,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in Brandywine Realty Trust by 2.2% during the 3rd quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust’s stock worth $55,880,000 after purchasing an additional 218,444 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Brandywine Realty Trust by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust’s stock valued at $11,847,000 after buying an additional 91,852 shares during the period. Point72 Asset Management L.P. lifted its holdings in shares of Brandywine Realty Trust by 7,435.2% in the second quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock worth $9,351,000 after buying an additional 2,059,542 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Brandywine Realty Trust by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 1,752,578 shares of the real estate investment trust’s stock valued at $7,852,000 after acquiring an additional 8,884 shares during the period. Finally, Systematic Financial Management LP grew its stake in Brandywine Realty Trust by 36.4% during the third quarter. Systematic Financial Management LP now owns 954,325 shares of the real estate investment trust’s stock valued at $5,192,000 after acquiring an additional 254,825 shares in the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Brandywine Realty Trust Stock Down 1.8 %

Shares of NYSE BDN opened at $5.51 on Friday. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.05. The business has a 50-day moving average of $5.51 and a 200-day moving average of $5.20. The firm has a market capitalization of $951.39 million, a price-to-earnings ratio of -3.06 and a beta of 1.35. Brandywine Realty Trust has a 12 month low of $3.85 and a 12 month high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last released 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). The company had revenue of $117.96 million during the quarter, compared to analysts’ expectations of $120.00 million. Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. Brandywine Realty Trust’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 EPS. Sell-side analysts expect that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Wednesday, January 8th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, January 8th. This represents a $0.60 dividend on an annualized basis and a yield of 10.89%. Brandywine Realty Trust’s dividend payout ratio is presently -33.33%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BDN. Evercore ISI increased their target price on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday.

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.