Brandywine Realty Trust $BDN Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its stake in Brandywine Realty Trust (NYSE:BDN) by 9.4% in the second quarter, HoldingsChannel reports. The institutional investor owned 230,329 shares of the real estate investment trust’s stock after buying an additional 19,728 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Brandywine Realty Trust were worth $988,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Invesco Ltd. grew its holdings in shares of Brandywine Realty Trust by 24.1% in the 1st quarter. Invesco Ltd. now owns 3,488,677 shares of the real estate investment trust’s stock worth $15,559,000 after acquiring an additional 676,477 shares during the period. Kawa Capital Management Inc grew its holdings in Brandywine Realty Trust by 16.7% in the second quarter. Kawa Capital Management Inc now owns 3,500,000 shares of the real estate investment trust’s stock valued at $15,015,000 after purchasing an additional 500,000 shares during the last quarter. Caxton Associates LLP acquired a new stake in Brandywine Realty Trust in the first quarter valued at $1,418,000. Penn Capital Management Company LLC increased its position in shares of Brandywine Realty Trust by 12.6% in the first quarter. Penn Capital Management Company LLC now owns 2,675,294 shares of the real estate investment trust’s stock valued at $11,954,000 after buying an additional 300,351 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in shares of Brandywine Realty Trust by 133.2% during the 1st quarter. Russell Investments Group Ltd. now owns 513,973 shares of the real estate investment trust’s stock worth $2,292,000 after buying an additional 293,567 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Trading Up 3.3%

Shares of Brandywine Realty Trust stock opened at $3.47 on Friday. Brandywine Realty Trust has a fifty-two week low of $3.23 and a fifty-two week high of $5.90. The business’s fifty day moving average is $3.81 and its two-hundred day moving average is $4.07. The company has a quick ratio of 2.97, a current ratio of 2.14 and a debt-to-equity ratio of 2.68. The firm has a market cap of $602.74 million, a PE ratio of -3.24 and a beta of 1.42.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Brandywine Realty Trust had a negative net margin of 38.03% and a negative return on equity of 19.55%. The business had revenue of $121.42 million during the quarter, compared to analysts’ expectations of $119.11 million. Analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were paid a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 9.2%. Brandywine Realty Trust’s dividend payout ratio is currently -29.91%.

Analysts Set New Price Targets

BDN has been the topic of several recent research reports. Wall Street Zen upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Evercore ISI reduced their price target on shares of Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating on the stock in a report on Friday, November 14th. Truist Financial cut shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $5.00 to $4.00 in a research note on Tuesday, September 16th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Brandywine Realty Trust currently has an average rating of “Reduce” and a consensus price target of $4.00.

Insider Activity

In related news, CEO Gerard H. Sweeney bought 88,500 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were acquired at an average cost of $3.38 per share, with a total value of $299,130.00. Following the completion of the transaction, the chief executive officer owned 3,042,210 shares of the company’s stock, valued at approximately $10,282,669.80. The trade was a 3.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James C. Diggs sold 23,190 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $3.47, for a total transaction of $80,469.30. Following the completion of the sale, the director owned 128,672 shares of the company’s stock, valued at approximately $446,491.84. The trade was a 15.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.30% of the company’s stock.

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.