Nordea Investment Management AB Boosts Holdings in Brandywine Realty Trust (NYSE:BDN)

Nordea Investment Management AB raised its position in Brandywine Realty Trust (NYSE:BDN) by 5.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,270,156 shares of the real estate investment trust’s stock after acquiring an additional 70,985 shares during the period. Nordea Investment Management AB owned approximately 0.74% of Brandywine Realty Trust worth $7,164,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Personalized Indexing Management LLC increased its position in Brandywine Realty Trust by 6.0% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,613 shares of the real estate investment trust’s stock worth $191,000 after purchasing an additional 2,404 shares during the period. CWM LLC lifted its holdings in Brandywine Realty Trust by 10.8% in the third quarter. CWM LLC now owns 26,063 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 2,540 shares during the period. First Trust Direct Indexing L.P. boosted its position in shares of Brandywine Realty Trust by 7.2% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 38,358 shares of the real estate investment trust’s stock worth $209,000 after purchasing an additional 2,585 shares in the last quarter. Presima Securities ULC grew its stake in shares of Brandywine Realty Trust by 1.1% during the 3rd quarter. Presima Securities ULC now owns 245,167 shares of the real estate investment trust’s stock worth $1,334,000 after purchasing an additional 2,700 shares during the period. Finally, Van ECK Associates Corp increased its holdings in shares of Brandywine Realty Trust by 10.0% in the 3rd quarter. Van ECK Associates Corp now owns 32,987 shares of the real estate investment trust’s stock valued at $179,000 after purchasing an additional 2,986 shares in the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

NYSE BDN opened at $5.16 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. Brandywine Realty Trust has a fifty-two week low of $3.85 and a fifty-two week high of $6.54. The business has a fifty day moving average of $5.50 and a 200-day moving average of $5.26. The stock has a market cap of $890.96 million, a price-to-earnings ratio of -2.87 and a beta of 1.34.

Brandywine Realty Trust (NYSE:BDN) last released 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 firm had revenue of $117.96 million for the quarter, compared to analyst estimates 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 revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.29 earnings per share. As a group, analysts predict that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Wednesday, January 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 11.63%. The ex-dividend date is Wednesday, January 8th. Brandywine Realty Trust’s payout ratio is -33.33%.

Analysts Set New Price Targets

A number of research analysts have issued reports on BDN shares. StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 28th. Evercore ISI boosted 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 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.