Intech Investment Management LLC Increases Stake in Brandywine Realty Trust (NYSE:BDN)

Intech Investment Management LLC lifted its stake in Brandywine Realty Trust (NYSE:BDN) by 157.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 225,758 shares of the real estate investment trust’s stock after purchasing an additional 138,094 shares during the quarter. Intech Investment Management LLC owned about 0.13% of Brandywine Realty Trust worth $1,264,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of BDN. Pine Valley Investments Ltd Liability Co increased its holdings in Brandywine Realty Trust by 13.1% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 18,914 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 2,190 shares during the period. Daiwa Securities Group Inc. increased its holdings in Brandywine Realty Trust by 5.5% in the 3rd quarter. Daiwa Securities Group Inc. now owns 57,633 shares of the real estate investment trust’s stock worth $314,000 after buying an additional 3,021 shares during the period. Quarry LP increased its holdings in Brandywine Realty Trust by 752.5% in the 3rd quarter. Quarry LP now owns 4,595 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 4,056 shares during the period. Kestra Investment Management LLC acquired a new position in Brandywine Realty Trust in the 4th quarter worth approximately $26,000. Finally, 17 Capital Partners LLC increased its holdings in Brandywine Realty Trust by 37.7% in the 4th quarter. 17 Capital Partners LLC now owns 18,240 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 4,991 shares during the period. 87.27% of the stock is owned by hedge funds and other institutional investors.

Brandywine Realty Trust Price Performance

Shares of NYSE BDN opened at $4.49 on Friday. The stock has a market capitalization of $776.22 million, a price-to-earnings ratio of -3.93 and a beta of 1.35. Brandywine Realty Trust has a 12 month low of $4.17 and a 12 month high of $6.54. The firm’s 50 day simple moving average is $4.96 and its 200-day simple moving average is $5.31. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Tuesday, February 4th. The real estate investment trust reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. Analysts expect that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be issued a $0.15 dividend. The ex-dividend date is Thursday, April 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 13.38%. Brandywine Realty Trust’s payout ratio is currently -52.63%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Evercore ISI cut their price target on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating on the stock in a report on Thursday, February 6th. StockNews.com cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th.

Brandywine Realty Trust Company 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.