Scharf Investments LLC Buys 2,700 Shares of Brandywine Realty Trust (NYSE:BDN)

Scharf Investments LLC grew its stake in Brandywine Realty Trust (NYSE:BDN) by 18.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,038 shares of the real estate investment trust’s stock after purchasing an additional 2,700 shares during the period. 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.

A number of other large investors have also bought and sold shares of BDN. Norges Bank acquired a new position in Brandywine Realty Trust during the 4th quarter worth $6,610,000. Charles Schwab Investment Management Inc. lifted its holdings in Brandywine Realty Trust by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,213,563 shares of the real estate investment trust’s stock worth $28,153,000 after buying an additional 540,658 shares in the last quarter. Congress Asset Management Co. MA lifted its holdings in Brandywine Realty Trust by 228.2% during the 4th quarter. Congress Asset Management Co. MA now owns 657,829 shares of the real estate investment trust’s stock worth $3,552,000 after buying an additional 457,424 shares in the last quarter. Vestor Capital LLC lifted its holdings in Brandywine Realty Trust by 76.6% during the 4th quarter. Vestor Capital LLC now owns 575,187 shares of the real estate investment trust’s stock worth $3,106,000 after buying an additional 249,447 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new position in Brandywine Realty Trust during the 3rd quarter worth $908,000. 87.27% of the stock is currently owned by institutional investors.

Brandywine Realty Trust Trading Down 0.6 %

NYSE:BDN traded down $0.02 during trading hours on Thursday, hitting $4.41. 1,153,373 shares of the stock were exchanged, compared to its average volume of 1,910,546. The company’s 50 day moving average is $4.60 and its two-hundred day moving average is $4.68. Brandywine Realty Trust has a twelve month low of $3.62 and a twelve month high of $5.67. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 1.69. The company has a market capitalization of $758.85 million, a P/E ratio of -3.61 and a beta of 1.29.

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

Brandywine Realty Trust Dividend Announcement

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