Kestra Investment Management LLC Takes Position in Brandywine Realty Trust (NYSE:BDN)

Kestra Investment Management LLC bought a new position in shares of Brandywine Realty Trust (NYSE:BDN) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,728 shares of the real estate investment trust’s stock, valued at approximately $26,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. First Trust Direct Indexing L.P. grew its position in shares of Brandywine Realty Trust by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 38,358 shares of the real estate investment trust’s stock valued at $209,000 after acquiring an additional 2,585 shares during the period. Van ECK Associates Corp lifted its stake in 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 during the last quarter. Daiwa Securities Group Inc. grew its holdings in Brandywine Realty Trust by 5.5% during the third quarter. Daiwa Securities Group Inc. now owns 57,633 shares of the real estate investment trust’s stock worth $314,000 after purchasing an additional 3,021 shares during the period. abrdn plc grew its holdings in Brandywine Realty Trust by 10.5% during the third quarter. abrdn plc now owns 35,002 shares of the real estate investment trust’s stock worth $190,000 after purchasing an additional 3,339 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Brandywine Realty Trust by 1.5% during the third quarter. Asset Management One Co. Ltd. now owns 247,826 shares of the real estate investment trust’s stock worth $1,348,000 after buying an additional 3,680 shares during the last quarter. 87.27% of the stock is owned by institutional investors.

Brandywine Realty Trust Stock Performance

Shares of BDN stock opened at $4.85 on Friday. Brandywine Realty Trust has a 52 week low of $4.02 and a 52 week high of $6.54. The company has a market capitalization of $836.59 million, a price-to-earnings ratio of -4.25 and a beta of 1.34. The company has a 50-day simple moving average of $5.28 and a 200 day simple moving average of $5.37. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. On average, sell-side analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 12.38%. The ex-dividend date of this dividend is Thursday, April 3rd. Brandywine Realty Trust’s dividend payout ratio is -52.63%.

Analysts Set New Price Targets

BDN has been the subject of a number of recent analyst reports. StockNews.com cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. Evercore ISI cut their price target on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a report on Thursday, February 6th.

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.