Point72 Asia Singapore Pte. Ltd. Buys New Stake in Brandywine Realty Trust (NYSE:BDN)

Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Brandywine Realty Trust (NYSE:BDN) during the second quarter, Holdings Channel.com reports. The fund purchased 15,910 shares of the real estate investment trust’s stock, valued at approximately $71,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Brandywine Realty Trust by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock worth $135,747,000 after acquiring an additional 651,299 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Brandywine Realty Trust by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust’s stock worth $11,847,000 after purchasing an additional 91,852 shares in the last quarter. Point72 Asset Management L.P. boosted its position in Brandywine Realty Trust by 7,435.2% during the second quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock worth $9,351,000 after purchasing an additional 2,059,542 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Brandywine Realty Trust by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 1,752,578 shares of the real estate investment trust’s stock valued at $7,852,000 after purchasing an additional 8,884 shares during the period. Finally, Norges Bank purchased a new stake in shares of Brandywine Realty Trust in the fourth quarter valued at approximately $6,610,000. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Trading Up 1.1 %

BDN stock opened at $5.73 on Friday. Brandywine Realty Trust has a 12-month low of $3.62 and a 12-month high of $5.86. The business’s 50-day moving average is $5.16 and its 200 day moving average is $4.77. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73. The stock has a market cap of $987.11 million, a price-to-earnings ratio of -4.73 and a beta of 1.33.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The firm had revenue of $125.30 million during the quarter, compared to analyst estimates of $119.47 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s revenue was down .5% on a year-over-year basis. On average, sell-side analysts anticipate that Brandywine Realty Trust will post 0.93 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 10.47%. The ex-dividend date of this dividend is Wednesday, October 9th. Brandywine Realty Trust’s payout ratio is -49.18%.

Wall Street Analysts Forecast Growth

BDN has been the topic of a number of recent analyst reports. Evercore ISI increased their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. StockNews.com upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th.

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.