Scharf Investments LLC Grows Stock Position in Brandywine Realty Trust (NYSE:BDN)

Scharf Investments LLC increased its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 18.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,038 shares of the real estate investment trust’s stock after buying an additional 2,700 shares during the quarter. Scharf Investments LLC’s holdings in Brandywine Realty Trust were worth $82,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Congress Asset Management Co. MA raised its holdings in shares of Brandywine Realty Trust by 1.1% during the 1st quarter. Congress Asset Management Co. MA now owns 664,750 shares of the real estate investment trust’s stock valued at $3,191,000 after buying an additional 6,921 shares during the period. Pensionfund Sabic grew its stake in Brandywine Realty Trust by 14.0% during the 1st quarter. Pensionfund Sabic now owns 81,500 shares of the real estate investment trust’s stock valued at $391,000 after purchasing an additional 10,000 shares in the last quarter. CWM LLC grew its stake in Brandywine Realty Trust by 12.0% during the 1st quarter. CWM LLC now owns 22,129 shares of the real estate investment trust’s stock valued at $106,000 after purchasing an additional 2,365 shares in the last quarter. Quadrature Capital Ltd acquired a new stake in Brandywine Realty Trust during the 4th quarter valued at approximately $272,000. Finally, Caxton Associates LP grew its stake in Brandywine Realty Trust by 56.6% during the 4th quarter. Caxton Associates LP now owns 355,122 shares of the real estate investment trust’s stock valued at $1,918,000 after purchasing an additional 128,388 shares in the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Brandywine Realty Trust Stock Performance

Shares of BDN traded down $0.02 during mid-day trading on Thursday, hitting $4.41. The stock had a trading volume of 1,153,373 shares, compared to its average volume of 1,910,546. The company has a market cap of $758.85 million, a PE ratio of -3.61 and a beta of 1.29. The company’s fifty day simple moving average is $4.60 and its two-hundred day simple moving average is $4.68. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.69. Brandywine Realty Trust has a fifty-two week low of $3.62 and a fifty-two week high of $5.67.

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

Brandywine Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 13.62%. The ex-dividend date is Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is -49.18%.

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.