Sheets Smith Wealth Management Raises Stock Position in Brandywine Realty Trust (NYSE:BDN)

Sheets Smith Wealth Management raised its position in Brandywine Realty Trust (NYSE:BDN) by 13.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,041 shares of the real estate investment trust’s stock after buying an additional 3,862 shares during the period. Sheets Smith Wealth Management’s holdings in Brandywine Realty Trust were worth $173,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of Brandywine Realty Trust by 9.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,672,905 shares of the real estate investment trust’s stock worth $21,215,000 after buying an additional 389,373 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in Brandywine Realty Trust by 2.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 265,773 shares of the real estate investment trust’s stock valued at $1,462,000 after purchasing an additional 6,829 shares during the last quarter. Bramshill Investments LLC raised its position in shares of Brandywine Realty Trust by 159.8% during the 3rd quarter. Bramshill Investments LLC now owns 280,655 shares of the real estate investment trust’s stock valued at $1,274,000 after buying an additional 172,632 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Brandywine Realty Trust by 1,832.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,484,966 shares of the real estate investment trust’s stock valued at $6,742,000 after acquiring an additional 1,408,138 shares during the last quarter. Finally, Algert Global LLC raised its stake in shares of Brandywine Realty Trust by 21.8% in the 3rd quarter. Algert Global LLC now owns 921,443 shares of the real estate investment trust’s stock valued at $4,183,000 after acquiring an additional 165,090 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

Shares of Brandywine Realty Trust stock opened at $4.73 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 1.69. Brandywine Realty Trust has a 52-week low of $3.45 and a 52-week high of $5.67. The company has a 50 day moving average of $4.46 and a 200 day moving average of $4.56.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.34). The firm had revenue of $126.50 million for the quarter, compared to analysts’ expectations of $122.83 million. Brandywine Realty Trust had a negative return on equity of 14.62% and a negative net margin of 40.61%. Brandywine Realty Trust’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period last year, the firm posted $0.29 earnings per share. On average, research analysts predict that Brandywine Realty Trust will post 0.93 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 12.68%. Brandywine Realty Trust’s dividend payout ratio is currently -49.18%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BDN shares. Truist Financial dropped their target price on Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, February 13th. StockNews.com cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Brandywine Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $5.50 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Brandywine Realty Trust has a consensus rating of “Hold” and an average price target of $5.63.

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.