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

EMC Capital Management decreased its position in Brandywine Realty Trust (NYSE:BDN) by 26.0% during the 3rd quarter, according to its most recent filing with the 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 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in shares of Brandywine Realty Trust in the second quarter valued at approximately $27,000. Sei Investments Co. bought a new stake in Brandywine Realty Trust during the 2nd quarter worth about $48,000. EverSource Wealth Advisors LLC boosted 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 worth $55,000 after buying an additional 9,753 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of Brandywine Realty Trust in the first quarter valued at about $56,000. Finally, EntryPoint Capital LLC grew its stake in Brandywine Realty Trust by 811.8% in the first quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 12,437 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

Shares of BDN stock opened at $5.09 on Friday. Brandywine Realty Trust has a 52 week low of $3.62 and a 52 week high of $6.54. The company has a market capitalization of $878.03 million, a price-to-earnings ratio of -2.83 and a beta of 1.33. The company has a 50-day simple moving average of $5.46 and a 200 day simple moving average of $4.95. The company has a debt-to-equity ratio of 2.05, a quick ratio of 2.07 and a current ratio of 1.74.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). The firm had revenue of $117.96 million for 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%. Brandywine Realty Trust’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter last year, the business posted $0.29 EPS. On average, sell-side analysts predict that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were given a $0.15 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.80%. Brandywine Realty Trust’s payout ratio is presently -33.33%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BDN. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th. Evercore ISI upped their price target on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research report on Monday, September 16th.

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.