Brandywine Realty Trust (NYSE:BDN) Shares Acquired by Sheets Smith Wealth Management

Sheets Smith Wealth Management boosted its position in Brandywine Realty Trust (NYSE:BDN) by 54.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 50,524 shares of the real estate investment trust’s stock after purchasing an additional 17,854 shares during the quarter. Sheets Smith Wealth Management’s holdings in Brandywine Realty Trust were worth $283,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in shares of Brandywine Realty Trust by 222.4% in the third quarter. Franklin Resources Inc. now owns 179,554 shares of the real estate investment trust’s stock valued at $1,072,000 after buying an additional 123,856 shares during the period. State Street Corp raised its position in Brandywine Realty Trust by 2.2% in the third quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust’s stock worth $55,880,000 after acquiring an additional 218,444 shares in the last quarter. Barclays PLC lifted its holdings in Brandywine Realty Trust by 91.8% in the 3rd quarter. Barclays PLC now owns 460,039 shares of the real estate investment trust’s stock valued at $2,502,000 after acquiring an additional 220,176 shares during the last quarter. Lighthouse Investment Partners LLC boosted its position in shares of Brandywine Realty Trust by 50.6% during the 2nd quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust’s stock valued at $2,867,000 after purchasing an additional 215,000 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of Brandywine Realty Trust in the 3rd quarter worth approximately $2,546,000. 87.27% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 28th.

Brandywine Realty Trust Price Performance

BDN stock opened at $5.37 on Thursday. Brandywine Realty Trust has a one year low of $3.85 and a one year high of $6.54. The firm has a 50-day moving average of $5.48 and a two-hundred day moving average of $5.31. The firm has a market capitalization of $927.24 million, a PE ratio of -2.98 and a beta of 1.34. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.05.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.20). Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. The firm had revenue of $117.96 million during the quarter, compared to analysts’ expectations of $120.00 million. During the same quarter last year, the company posted $0.29 EPS. The firm’s revenue was down 3.0% compared to the same quarter last year. On average, analysts forecast that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Wednesday, January 8th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.60 annualized dividend and a dividend yield of 11.17%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -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.