Swedbank AB Raises Holdings in Brandywine Realty Trust (NYSE:BDN)

Swedbank AB increased its position in shares of Brandywine Realty Trust (NYSE:BDN) by 26.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 128,131 shares of the real estate investment trust’s stock after purchasing an additional 27,194 shares during the quarter. Swedbank AB owned approximately 0.07% of Brandywine Realty Trust worth $697,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Point72 DIFC Ltd purchased a new stake in Brandywine Realty Trust in the 2nd quarter valued at $27,000. Sei Investments Co. purchased a new stake in Brandywine Realty Trust in the 2nd quarter valued at $48,000. Wolverine Asset Management LLC purchased a new stake in Brandywine Realty Trust in the 3rd quarter valued at $62,000. Bayesian Capital Management LP purchased a new stake in Brandywine Realty Trust in the 1st quarter valued at $56,000. Finally, KBC Group NV grew its holdings in Brandywine Realty Trust by 70.5% in the 3rd quarter. KBC Group NV now owns 12,166 shares of the real estate investment trust’s stock valued at $66,000 after buying an additional 5,029 shares in the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Brandywine Realty Trust Stock Performance

NYSE BDN opened at $5.77 on Thursday. The stock has a market cap of $995.42 million, a PE ratio of -3.20 and a beta of 1.33. 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 has a twelve month low of $3.85 and a twelve month high of $6.54. The stock has a fifty day simple moving average of $5.53 and a 200-day simple moving average of $5.05.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly 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 business had revenue of $117.96 million for the quarter, compared to analysts’ expectations 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 business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.29 earnings per share. Equities analysts anticipate that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 10.41%. The ex-dividend date was Wednesday, October 9th. Brandywine Realty Trust’s payout ratio is -33.33%.

Wall Street Analyst Weigh In

Separately, Evercore ISI upped their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a report on Monday, September 16th.

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.