Brandywine Realty Trust (NYSE:BDN) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in Brandywine Realty Trust (NYSE:BDN) by 32.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 3,843,263 shares of the real estate investment trust’s stock after selling 1,862,058 shares during the period. JPMorgan Chase & Co.’s holdings in Brandywine Realty Trust were worth $20,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. raised its position 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 worth $9,351,000 after purchasing an additional 2,059,542 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Brandywine Realty Trust in the 3rd quarter worth about $2,546,000. Brookfield Corp ON acquired a new stake in Brandywine Realty Trust during the 3rd quarter worth about $2,314,000. Segall Bryant & Hamill LLC purchased a new stake in Brandywine Realty Trust during the third quarter valued at about $1,937,000. Finally, Robeco Institutional Asset Management B.V. boosted its holdings in shares of Brandywine Realty Trust by 85.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 700,647 shares of the real estate investment trust’s stock worth $3,812,000 after buying an additional 321,907 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Trading Down 4.3 %

NYSE:BDN opened at $5.16 on Thursday. The stock has a market cap of $890.96 million, a PE ratio of -2.87 and a beta of 1.34. 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 debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74. The stock’s 50-day moving average is $5.50 and its two-hundred day moving average is $5.26.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. The company had revenue of $117.96 million for the quarter, compared to analysts’ expectations of $120.00 million. During the same period in the previous year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. As a group, equities research 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 disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Wednesday, January 8th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, January 8th. This represents a $0.60 annualized dividend and a dividend yield of 11.63%. Brandywine Realty Trust’s dividend payout ratio is -33.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BDN shares. Evercore ISI boosted their price target on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a report on Monday, September 16th. StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 28th.

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.