GAMMA Investing LLC Invests $58,000 in Brandywine Realty Trust (NYSE:BDN)

GAMMA Investing 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 filing with the Securities and Exchange Commission. The fund acquired 10,705 shares of the real estate investment trust’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sage Rhino Capital LLC bought a new position in Brandywine Realty Trust in the third quarter valued at approximately $46,000. NorthRock Partners LLC bought a new stake in Brandywine Realty Trust in the 3rd quarter valued at $54,000. Optas LLC acquired a new position in Brandywine Realty Trust in the 4th quarter worth $62,000. MQS Management LLC bought a new position in Brandywine Realty Trust during the 3rd quarter worth about $67,000. Finally, PDS Planning Inc acquired a new stake in shares of Brandywine Realty Trust in the 4th quarter valued at about $69,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Price Performance

Shares of NYSE BDN opened at $4.57 on Thursday. 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 has a 50-day moving average of $4.42 and a 200-day moving average of $4.55. The stock has a market capitalization of $786.41 million, a price-to-earnings ratio of -3.75 and a beta of 1.27. Brandywine Realty Trust has a fifty-two week low of $3.42 and a fifty-two week high of $5.67.

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

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were issued a dividend of $0.15 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 13.14%. Brandywine Realty Trust’s payout ratio is -49.18%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BDN shares. Truist Financial cut their price target on Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Brandywine Realty Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $5.50 target price on the stock. Finally, StockNews.com cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. One investment 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. According to data from MarketBeat, Brandywine Realty Trust presently has a consensus rating of “Hold” and an average target price of $5.63.

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.