MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Position in Brandywine Realty Trust (NYSE:BDN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Brandywine Realty Trust (NYSE:BDN) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,449,359 shares of the real estate investment trust’s stock after purchasing an additional 221,039 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.42% of Brandywine Realty Trust worth $13,716,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Brandywine Realty Trust by 5.4% during the 4th quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust’s stock worth $159,620,000 after purchasing an additional 1,459,236 shares during the period. Yeomans Consulting Group Inc. purchased a new stake in shares of Brandywine Realty Trust in the fourth quarter valued at approximately $16,617,000. Invesco Ltd. grew its holdings in Brandywine Realty Trust by 193.7% during the fourth quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust’s stock worth $15,748,000 after acquiring an additional 1,854,749 shares during the period. Kawa Capital Management Inc acquired a new position in Brandywine Realty Trust during the fourth quarter worth $14,713,000. Finally, Northern Trust Corp raised its position in Brandywine Realty Trust by 19.7% in the fourth quarter. Northern Trust Corp now owns 2,501,798 shares of the real estate investment trust’s stock worth $14,010,000 after acquiring an additional 411,003 shares in the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Gerard H. Sweeney bought 61,576 shares of Brandywine Realty Trust stock in a transaction that occurred on Friday, May 2nd. The shares were purchased at an average price of $4.07 per share, with a total value of $250,614.32. Following the purchase, the chief executive officer now owns 2,949,092 shares in the company, valued at $12,002,804.44. This represents a 2.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.30% of the company’s stock.

Wall Street Analysts Forecast Growth

BDN has been the topic of several research analyst reports. StockNews.com lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, May 1st. Evercore ISI reduced their price objective on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a research note on Thursday, February 6th.

Brandywine Realty Trust Price Performance

Shares of NYSE:BDN opened at $4.32 on Friday. The firm has a market capitalization of $747.15 million, a price-to-earnings ratio of -3.79 and a beta of 1.39. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74. The business’s 50 day simple moving average is $4.14 and its 200-day simple moving average is $4.89. Brandywine Realty Trust has a 12 month low of $3.41 and a 12 month high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Tuesday, April 22nd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $114.43 million for the quarter, compared to analyst estimates of $119.45 million. Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. As a group, equities analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, April 3rd were given a $0.15 dividend. The ex-dividend date was Thursday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 13.89%. Brandywine Realty Trust’s dividend payout ratio is presently -50.00%.

Brandywine Realty Trust Company 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.