Swedbank AB Grows Stake in Brandywine Realty Trust (NYSE:BDN)

Swedbank AB increased its position in shares of Brandywine Realty Trust (NYSE:BDN) by 26.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 128,131 shares of the real estate investment trust’s stock after purchasing an additional 27,194 shares during the quarter. Swedbank AB owned 0.07% of Brandywine Realty Trust worth $697,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in shares of Brandywine Realty Trust during the 2nd quarter worth $27,000. Sei Investments Co. purchased a new position in Brandywine Realty Trust during the 2nd quarter valued at about $48,000. EverSource Wealth Advisors LLC raised its position in Brandywine Realty Trust by 381.7% during the second quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 9,753 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of Brandywine Realty Trust in the first quarter valued at about $56,000. Finally, EntryPoint Capital LLC grew its position in shares of Brandywine Realty Trust by 811.8% in the first quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 12,437 shares during the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Brandywine Realty Trust Stock Up 2.4 %

BDN stock opened at $6.53 on Friday. The company has a 50 day moving average price of $5.38 and a two-hundred day moving average price of $4.87. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $1.12 billion, a P/E ratio of -5.35 and a beta of 1.33. Brandywine Realty Trust has a one year low of $3.62 and a one year high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). The business had revenue of $125.30 million during the quarter, compared to analyst estimates of $119.47 million. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 earnings per share. As a group, sell-side analysts expect that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a yield of 9.19%. Brandywine Realty Trust’s payout ratio is -49.18%.

Analysts Set New Price Targets

BDN has been the topic of a number of analyst reports. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report 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 research note on Monday, September 16th.

Brandywine Realty Trust 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.