Versor Investments LP Purchases New Holdings in Brandywine Realty Trust (NYSE:BDN)

Versor Investments LP acquired a new position in shares of Brandywine Realty Trust (NYSE:BDN) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 35,200 shares of the real estate investment trust’s stock, valued at approximately $191,000.

A number of other institutional investors also recently made changes to their positions in BDN. Texas Permanent School Fund Corp increased its stake in shares of Brandywine Realty Trust by 2.0% in the first quarter. Texas Permanent School Fund Corp now owns 150,618 shares of the real estate investment trust’s stock worth $723,000 after buying an additional 2,962 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Brandywine Realty Trust by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 34,360 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 2,360 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Brandywine Realty Trust by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock valued at $135,747,000 after purchasing an additional 651,299 shares in the last quarter. UniSuper Management Pty Ltd lifted its position in shares of Brandywine Realty Trust by 165.0% during the first quarter. UniSuper Management Pty Ltd now owns 126,941 shares of the real estate investment trust’s stock worth $609,000 after purchasing an additional 79,041 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake 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 in the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

Brandywine Realty Trust Stock Performance

Shares of NYSE BDN opened at $5.20 on Friday. 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 firm’s 50-day moving average price is $5.49 and its two-hundred day moving average price is $5.01. Brandywine Realty Trust has a 52-week low of $3.85 and a 52-week high of $6.54. The stock has a market capitalization of $897.88 million, a P/E ratio of -2.89 and a beta of 1.33.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($1.20). The company had revenue of $117.96 million during the quarter, compared to the consensus estimate of $120.00 million. Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period last year, the business posted $0.29 EPS. As a group, sell-side analysts forecast that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 11.54%. Brandywine Realty Trust’s dividend payout ratio is currently -33.33%.

Analysts Set New Price Targets

Several brokerages have issued reports on BDN. Evercore ISI upped 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. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th.

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.