Congress Asset Management Co. Sells 6,055 Shares of Brandywine Realty Trust (NYSE:BDN)

Congress Asset Management Co. reduced its holdings in Brandywine Realty Trust (NYSE:BDN) by 0.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 650,993 shares of the real estate investment trust’s stock after selling 6,055 shares during the quarter. Congress Asset Management Co. owned approximately 0.38% of Brandywine Realty Trust worth $3,541,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Brandywine Realty Trust by 2.4% in the first quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock valued at $135,747,000 after purchasing an additional 651,299 shares during the period. Lighthouse Investment Partners LLC increased its stake in shares of Brandywine Realty Trust by 50.6% in the second quarter. Lighthouse Investment Partners LLC now owns 640,000 shares of the real estate investment trust’s stock valued at $2,867,000 after buying an additional 215,000 shares during the period. Swedbank AB bought a new position in shares of Brandywine Realty Trust during the first quarter worth about $637,000. Point72 Asset Management L.P. lifted its stake in shares of Brandywine Realty Trust by 7,435.2% in the second quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock worth $9,351,000 after acquiring an additional 2,059,542 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Brandywine Realty Trust by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust’s stock valued at $11,847,000 after acquiring an additional 91,852 shares during the last quarter. Institutional investors own 87.27% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on BDN. Evercore ISI raised 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 report on Monday, September 16th. StockNews.com upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

Brandywine Realty Trust Price Performance

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

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($1.20). The company 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%. The firm’s revenue was down 3.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.29 earnings per share. On average, equities analysts predict that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

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

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.