Penserra Capital Management LLC Grows Stock Position in Brandywine Realty Trust (NYSE:BDN)

Penserra Capital Management LLC grew its position in shares of Brandywine Realty Trust (NYSE:BDN) by 23.0% during the third quarter, Holdings Channel reports. The institutional investor owned 211,728 shares of the real estate investment trust’s stock after purchasing an additional 39,525 shares during the quarter. Penserra Capital Management LLC’s holdings in Brandywine Realty Trust were worth $1,151,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in BDN. Point72 DIFC Ltd purchased a new stake in Brandywine Realty Trust during the second quarter valued at about $27,000. Sei Investments Co. bought a new stake in shares of Brandywine Realty Trust in the second quarter valued at approximately $48,000. EverSource Wealth Advisors LLC lifted its stake in shares of Brandywine Realty Trust by 381.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 9,753 shares in the last quarter. Bayesian Capital Management LP bought a new position in Brandywine Realty Trust in the 1st quarter worth approximately $56,000. Finally, Wolverine Asset Management LLC purchased a new position in Brandywine Realty Trust in the 3rd quarter valued at approximately $62,000. Institutional investors own 87.27% of the company’s stock.

Analyst Ratings Changes

Separately, Evercore ISI raised their price target on Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a report on Monday, September 16th.

Brandywine Realty Trust Trading Down 1.0 %

Shares of Brandywine Realty Trust stock opened at $5.70 on Wednesday. The company’s 50-day moving average price is $5.52 and its 200-day moving average price is $5.05. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.05. Brandywine Realty Trust has a 12-month low of $3.85 and a 12-month high of $6.54. The company has a market cap of $984.22 million, a price-to-earnings ratio of -3.17 and a beta of 1.33.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.20). The firm had revenue of $117.96 million during the quarter, compared to the consensus estimate of $120.00 million. Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. The firm’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.29 earnings per share. On average, 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 firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a yield of 10.53%. Brandywine Realty Trust’s dividend payout ratio is currently -33.33%.

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.