Cerity Partners LLC Invests $113,000 in Brandywine Realty Trust (NYSE:BDN)

Cerity Partners LLC acquired a new stake in shares of Brandywine Realty Trust (NYSE:BDN) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 20,935 shares of the real estate investment trust’s stock, valued at approximately $113,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its stake in shares of Brandywine Realty Trust by 9.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,672,905 shares of the real estate investment trust’s stock valued at $21,215,000 after purchasing an additional 389,373 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in Brandywine Realty Trust by 2.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 265,773 shares of the real estate investment trust’s stock worth $1,462,000 after acquiring an additional 6,829 shares during the last quarter. Bramshill Investments LLC increased its position in Brandywine Realty Trust by 159.8% in the 3rd quarter. Bramshill Investments LLC now owns 280,655 shares of the real estate investment trust’s stock valued at $1,274,000 after acquiring an additional 172,632 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Brandywine Realty Trust by 1,832.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,484,966 shares of the real estate investment trust’s stock valued at $6,742,000 after acquiring an additional 1,408,138 shares during the period. Finally, Algert Global LLC raised its stake in shares of Brandywine Realty Trust by 21.8% during the third quarter. Algert Global LLC now owns 921,443 shares of the real estate investment trust’s stock valued at $4,183,000 after acquiring an additional 165,090 shares during the last quarter. Institutional investors own 87.27% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Truist Financial decreased their price objective on Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. StockNews.com downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Brandywine Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $5.50 target price on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.63.

Brandywine Realty Trust Stock Down 1.5 %

Shares of NYSE:BDN opened at $4.55 on Wednesday. Brandywine Realty Trust has a 1 year low of $3.42 and a 1 year high of $5.67. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.21 and a quick ratio of 2.21. The business’s 50-day moving average is $4.41 and its 200-day moving average is $4.54. The company has a market capitalization of $783.83 million, a price-to-earnings ratio of -3.73 and a beta of 1.27.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Thursday, April 18th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.34). The business had revenue of $126.50 million during the quarter, compared to analyst estimates of $122.83 million. Brandywine Realty Trust had a negative net margin of 40.61% and a negative return on equity of 14.62%. Brandywine Realty Trust’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. Equities research analysts predict that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 13.19%. The ex-dividend date was Wednesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently -49.18%.

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.