Vanguard Group Inc. Has $149.20 Million Position in Brandywine Realty Trust (NYSE:BDN)

Vanguard Group Inc. trimmed its stake in Brandywine Realty Trust (NYSE:BDN) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 27,629,233 shares of the real estate investment trust’s stock after selling 112,837 shares during the quarter. Vanguard Group Inc. owned about 16.04% of Brandywine Realty Trust worth $149,198,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. increased its position in Brandywine Realty Trust by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,213,563 shares of the real estate investment trust’s stock valued at $28,153,000 after buying an additional 540,658 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Brandywine Realty Trust by 1.6% during the fourth quarter. Federated Hermes Inc. now owns 3,017,941 shares of the real estate investment trust’s stock worth $16,297,000 after purchasing an additional 48,959 shares during the period. Norges Bank bought a new position in shares of Brandywine Realty Trust in the 4th quarter worth $6,610,000. Congress Asset Management Co. MA grew its position in Brandywine Realty Trust by 228.2% in the 4th quarter. Congress Asset Management Co. MA now owns 657,829 shares of the real estate investment trust’s stock valued at $3,552,000 after purchasing an additional 457,424 shares during the period. Finally, State of New Jersey Common Pension Fund D increased its stake in Brandywine Realty Trust by 16.4% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 577,946 shares of the real estate investment trust’s stock valued at $3,121,000 after purchasing an additional 81,249 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Up 1.1 %

Brandywine Realty Trust stock opened at $4.41 on Friday. The firm has a market capitalization of $759.71 million, a price-to-earnings ratio of -3.61 and a beta of 1.33. The firm’s fifty day moving average price is $4.60 and its two-hundred day moving average price is $4.65. Brandywine Realty Trust has a 1-year low of $3.62 and a 1-year high of $5.67. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.69.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Thursday, April 18th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.34). The business had revenue of $126.50 million during the quarter, compared to the consensus estimate of $122.83 million. Brandywine Realty Trust had a negative net margin of 40.61% and a negative return on equity of 14.62%. Brandywine Realty Trust’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. On average, equities research analysts predict that Brandywine Realty Trust will post 0.93 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 13.61%. The ex-dividend date is Wednesday, July 3rd. Brandywine Realty Trust’s payout ratio is -49.18%.

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.