Metis Global Partners LLC Buys 5,251 Shares of Brandywine Realty Trust (NYSE:BDN)

Metis Global Partners LLC lifted its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 38.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,775 shares of the real estate investment trust’s stock after acquiring an additional 5,251 shares during the quarter. Metis Global Partners LLC’s holdings in Brandywine Realty Trust were worth $102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. ProShare Advisors LLC boosted its stake in shares of Brandywine Realty Trust by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 34,360 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 2,360 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Brandywine Realty Trust by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock valued at $135,747,000 after purchasing an additional 651,299 shares during the period. UniSuper Management Pty Ltd boosted its position in shares of Brandywine Realty Trust by 165.0% during the 1st quarter. UniSuper Management Pty Ltd now owns 126,941 shares of the real estate investment trust’s stock valued at $609,000 after purchasing an additional 79,041 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Brandywine Realty Trust by 3.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 469,975 shares of the real estate investment trust’s stock worth $2,248,000 after purchasing an additional 17,007 shares in the last quarter. Finally, EntryPoint Capital LLC lifted its stake in Brandywine Realty Trust by 811.8% in the first quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 12,437 shares during the period. 87.27% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on BDN. Evercore ISI raised their price objective on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th. StockNews.com upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

Brandywine Realty Trust Trading Up 2.8 %

NYSE BDN opened at $5.35 on Wednesday. Brandywine Realty Trust has a 52 week low of $3.85 and a 52 week high of $6.54. The business has a 50 day moving average price of $5.50 and a 200-day moving average price of $5.02. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.05. The company has a market cap of $922.92 million, a price-to-earnings ratio of -2.97 and a beta of 1.33.

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

Brandywine Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 11.23%. The ex-dividend date of this dividend was Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio is currently -33.33%.

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.