EMC Capital Management Sells 5,420 Shares of Brandywine Realty Trust (NYSE:BDN)

EMC Capital Management reduced its position in shares of Brandywine Realty Trust (NYSE:BDN) by 26.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,425 shares of the real estate investment trust’s stock after selling 5,420 shares during the period. EMC Capital Management’s holdings in Brandywine Realty Trust were worth $84,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BDN. Vanguard Group Inc. lifted its position in shares of Brandywine Realty Trust by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock worth $135,747,000 after buying an additional 651,299 shares during the last quarter. Lighthouse Investment Partners LLC lifted its holdings in shares of Brandywine Realty Trust by 50.6% in the second quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust’s stock worth $2,867,000 after acquiring an additional 215,000 shares during the last quarter. Swedbank AB acquired a new stake in shares of Brandywine Realty Trust in the 1st quarter valued at approximately $637,000. Point72 Asset Management L.P. grew its holdings in shares of Brandywine Realty Trust by 7,435.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock valued at $9,351,000 after purchasing an additional 2,059,542 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Brandywine Realty Trust by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust’s stock worth $11,847,000 after purchasing an additional 91,852 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Brandywine Realty Trust Trading Up 0.3 %

BDN opened at $5.09 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 2.07. Brandywine Realty Trust has a fifty-two week low of $3.62 and a fifty-two week high of $6.54. The company’s 50 day moving average price is $5.46 and its two-hundred day moving average price is $4.95. The firm has a market capitalization of $878.03 million, a price-to-earnings ratio of -2.83 and a beta of 1.33.

Brandywine Realty Trust (NYSE:BDN) last issued 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 during the quarter, compared to the consensus estimate 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 revenue for the quarter was down 3.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. As a group, research analysts predict that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.80%. The ex-dividend date 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.