Public Sector Pension Investment Board Buys 21,944 Shares of Brandywine Realty Trust (NYSE:BDN)

Public Sector Pension Investment Board raised its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 6.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 379,070 shares of the real estate investment trust’s stock after acquiring an additional 21,944 shares during the quarter. Public Sector Pension Investment Board’s holdings in Brandywine Realty Trust were worth $1,698,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sei Investments Co. bought a new position in shares of Brandywine Realty Trust during the 2nd quarter worth about $48,000. Bayesian Capital Management LP bought a new position in shares of Brandywine Realty Trust during the 1st quarter worth about $56,000. EverSource Wealth Advisors LLC increased its holdings in shares of Brandywine Realty Trust by 381.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 9,753 shares during the period. EntryPoint Capital LLC increased its holdings in shares of Brandywine Realty Trust by 811.8% during the 1st quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 12,437 shares during the period. Finally, NorthRock Partners LLC bought a new position in shares of Brandywine Realty Trust during the 1st quarter worth about $79,000. Institutional investors own 87.27% of the company’s stock.

Wall Street Analysts Forecast Growth

BDN has been the topic of several research reports. Evercore ISI boosted their price objective on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th.

Brandywine Realty Trust Stock Performance

NYSE BDN opened at $5.44 on Tuesday. The stock has a market cap of $937.15 million, a P/E ratio of -4.46 and a beta of 1.33. The company’s 50-day simple moving average is $5.11 and its 200 day simple moving average is $4.75. Brandywine Realty Trust has a twelve month low of $3.62 and a twelve month high of $5.67. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.73.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The business had revenue of $125.30 million during the quarter, compared to the consensus estimate 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 was down .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.29 EPS. As a group, research analysts forecast 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, October 24th. Stockholders of record on Wednesday, October 9th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 11.03%. The ex-dividend date is Wednesday, October 9th. 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.