Algert Global LLC Lowers Stock Position in Brandywine Realty Trust (NYSE:BDN)

Algert Global LLC lowered its position in Brandywine Realty Trust (NYSE:BDN) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 450,140 shares of the real estate investment trust’s stock after selling 14,099 shares during the period. Algert Global LLC owned about 0.26% of Brandywine Realty Trust worth $2,521,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BDN. Kestra Investment Management LLC purchased a new position in Brandywine Realty Trust during the fourth quarter valued at $26,000. US Bancorp DE grew its stake in shares of Brandywine Realty Trust by 11,198.0% during the fourth quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 5,599 shares during the last quarter. Headlands Technologies LLC increased its stake in Brandywine Realty Trust by 64.1% in the fourth quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 2,441 shares during the period. Smartleaf Asset Management LLC lifted its position in shares of Brandywine Realty Trust by 360.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 8,248 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 6,457 shares during the last quarter. Finally, Sciencast Management LP purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter valued at $57,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

Shares of BDN opened at $4.19 on Thursday. The stock has a fifty day moving average price of $4.20 and a 200-day moving average price of $4.95. The company has a current ratio of 2.26, a quick ratio of 1.74 and a debt-to-equity ratio of 2.12. Brandywine Realty Trust has a 12 month low of $3.41 and a 12 month high of $6.54. The firm has a market cap of $724.66 million, a PE ratio of -3.68 and a beta of 1.39.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $114.43 million during the quarter, compared to analysts’ expectations of $119.45 million. Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. Equities research analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were paid a $0.15 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.32%. Brandywine Realty Trust’s payout ratio is currently -50.00%.

Insider Buying and Selling at Brandywine Realty Trust

In other news, CEO Gerard H. Sweeney bought 61,576 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The stock was purchased at an average cost of $4.07 per share, for a total transaction of $250,614.32. Following the purchase, the chief executive officer now directly owns 2,949,092 shares in the company, valued at approximately $12,002,804.44. This trade represents a 2.13 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on BDN shares. Evercore ISI dropped their price objective on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating on the stock in a research note on Thursday, February 6th. StockNews.com cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, May 1st.

About Brandywine Realty Trust

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.