Brandywine Realty Trust (NYSE:BDN) Shares Sold by LDR Capital Management LLC

LDR Capital Management LLC lowered its position in Brandywine Realty Trust (NYSE:BDN) by 19.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 501,965 shares of the real estate investment trust’s stock after selling 119,662 shares during the quarter. Brandywine Realty Trust accounts for approximately 3.0% of LDR Capital Management LLC’s holdings, making the stock its 12th biggest holding. LDR Capital Management LLC owned about 0.29% of Brandywine Realty Trust worth $2,731,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Point72 DIFC Ltd bought a new position in shares of Brandywine Realty Trust in the second quarter valued at approximately $27,000. Sei Investments Co. acquired a new position in Brandywine Realty Trust in the 2nd quarter valued at $48,000. Bayesian Capital Management LP acquired a new position in Brandywine Realty Trust in the 1st quarter valued at $56,000. EverSource Wealth Advisors LLC grew its stake in Brandywine Realty Trust by 381.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 9,753 shares during the last quarter. Finally, EntryPoint Capital LLC grew its stake in Brandywine Realty Trust by 811.8% in the 1st quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 12,437 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Wall Street Analyst Weigh In

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

Brandywine Realty Trust Stock Down 1.8 %

Shares of NYSE BDN opened at $6.42 on Tuesday. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07. Brandywine Realty Trust has a 52 week low of $3.62 and a 52 week high of $6.54. The stock has a market capitalization of $1.11 billion, a P/E ratio of -5.26 and a beta of 1.33. The stock’s fifty day moving average is $5.38 and its 200 day moving average is $4.88.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The business had revenue of $125.30 million during the quarter, compared to the consensus estimate of $119.47 million. Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.29 earnings per share. Sell-side analysts forecast that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.35%. Brandywine Realty Trust’s dividend payout ratio is presently -49.18%.

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.