Brandywine Realty Trust (NYSE:BDN) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans decreased its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 5.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,282 shares of the real estate investment trust’s stock after selling 7,728 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Brandywine Realty Trust were worth $736,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of BDN. Point72 Asset Management L.P. grew its stake in shares of Brandywine Realty Trust by 7,435.2% during the second quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock valued at $9,351,000 after acquiring an additional 2,059,542 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in Brandywine Realty Trust during the 3rd quarter worth $2,546,000. Robeco Institutional Asset Management B.V. boosted its stake in Brandywine Realty Trust by 85.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 700,647 shares of the real estate investment trust’s stock valued at $3,812,000 after purchasing an additional 321,907 shares during the period. Lighthouse Investment Partners LLC increased its position in Brandywine Realty Trust by 50.6% in 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 acquiring an additional 215,000 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Brandywine Realty Trust by 3.6% during 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 purchasing an additional 91,852 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Analysts Set New Price Targets

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

Brandywine Realty Trust Trading Down 1.8 %

Shares of NYSE:BDN opened at $5.54 on Wednesday. Brandywine Realty Trust has a fifty-two week low of $3.85 and a fifty-two week high of $6.54. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.05. The business has a 50-day moving average of $5.56 and a two-hundred day moving average of $5.08.

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). The business had revenue of $117.96 million during 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 business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.29 earnings per share. On average, research analysts anticipate that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 10.83%. The ex-dividend date of this dividend was Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio is -33.33%.

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.