Intech Investment Management LLC Grows Stake in Brandywine Realty Trust (NYSE:BDN)

Intech Investment Management LLC lifted its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 34.5% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 87,664 shares of the real estate investment trust’s stock after acquiring an additional 22,463 shares during the quarter. Intech Investment Management LLC’s holdings in Brandywine Realty Trust were worth $477,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Lighthouse Investment Partners LLC boosted its stake in Brandywine Realty Trust by 50.6% during the second quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust’s stock valued at $2,867,000 after buying an additional 215,000 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Brandywine Realty Trust in the third quarter valued at approximately $2,546,000. Swedbank AB purchased a new stake in shares of Brandywine Realty Trust during the first quarter worth about $637,000. Point72 Asset Management L.P. increased its position in Brandywine Realty Trust by 7,435.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock valued at $9,351,000 after purchasing an additional 2,059,542 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Brandywine Realty Trust by 3.6% in 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 buying an additional 91,852 shares during the period. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Brandywine Realty Trust Trading Down 2.9 %

Shares of NYSE:BDN opened at $5.60 on Monday. The stock’s fifty day moving average price is $5.55 and its 200-day moving average price is $5.07. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $966.93 million, a P/E ratio of -3.11 and a beta of 1.33. Brandywine Realty Trust has a 1 year low of $3.85 and a 1 year high of $6.54.

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

Brandywine Realty Trust Dividend Announcement

The company also recently disclosed 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 was Wednesday, October 9th. This represents a $0.60 annualized dividend and a dividend yield of 10.71%. Brandywine Realty Trust’s payout ratio is -33.33%.

Wall Street Analysts Forecast Growth

Separately, Evercore ISI lifted their price target on shares of 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.

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.