Vanguard Group Inc. Sells 4,161,801 Shares of Brandywine Realty Trust $BDN

Vanguard Group Inc. decreased its holdings in Brandywine Realty Trust (NYSE:BDN) by 16.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,770,712 shares of the real estate investment trust’s stock after selling 4,161,801 shares during the quarter. Vanguard Group Inc. owned approximately 12.53% of Brandywine Realty Trust worth $63,570,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in Brandywine Realty Trust during the third quarter valued at $34,000. Ballentine Partners LLC bought a new stake in Brandywine Realty Trust during the third quarter valued at $55,000. Creative Planning boosted its position in Brandywine Realty Trust by 23.9% during the second quarter. Creative Planning now owns 14,244 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 2,749 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Brandywine Realty Trust by 146.6% during the second quarter. Tower Research Capital LLC TRC now owns 14,625 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 8,694 shares during the last quarter. Finally, Hantz Financial Services Inc. boosted its position in Brandywine Realty Trust by 571.7% during the third quarter. Hantz Financial Services Inc. now owns 15,348 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 13,063 shares during the last quarter. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Price Performance

BDN stock opened at $3.06 on Friday. The stock has a market capitalization of $530.68 million, a PE ratio of -2.66 and a beta of 1.30. The company’s 50-day moving average is $2.87 and its 200-day moving average is $3.05. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.93 and a quick ratio of 1.93. Brandywine Realty Trust has a 1 year low of $2.47 and a 1 year high of $4.63.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.10). The company had revenue of $127.00 million for the quarter, compared to the consensus estimate of $110.27 million. Brandywine Realty Trust had a negative return on equity of 24.45% and a negative net margin of 40.79%. Equities research analysts expect that Brandywine Realty Trust will post 0.56 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Investors of record on Thursday, April 2nd were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date was Thursday, April 2nd. Brandywine Realty Trust’s dividend payout ratio is currently -27.83%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, January 21st. Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup reaffirmed a “sell” rating on shares of Brandywine Realty Trust in a research report on Tuesday, January 27th. Finally, Truist Financial reaffirmed a “hold” rating and set a $3.00 price target (down from $3.50) on shares of Brandywine Realty Trust in a research report on Monday, April 27th. Three investment analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $3.50.

Brandywine Realty Trust Profile

Brandywine Realty Trust (NYSE: BDN) is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high?quality, transit?oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live?work?play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.