Wolverine Asset Management LLC Acquires New Shares in Brandywine Realty Trust $BDN

Wolverine Asset Management LLC bought a new position in shares of Brandywine Realty Trust (NYSE:BDN) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,064,258 shares of the real estate investment trust’s stock, valued at approximately $4,566,000. Wolverine Asset Management LLC owned approximately 0.61% of Brandywine Realty Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the company. Signaturefd LLC acquired a new position in shares of Brandywine Realty Trust during the 1st quarter worth $27,000. US Bancorp DE increased its holdings in Brandywine Realty Trust by 135.0% during the 1st quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 7,624 shares in the last quarter. 111 Capital acquired a new position in Brandywine Realty Trust during the second quarter worth about $65,000. Truist Financial Corp raised its position in Brandywine Realty Trust by 25.2% during the second quarter. Truist Financial Corp now owns 15,548 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 3,134 shares during the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of Brandywine Realty Trust by 48.3% in the first quarter. Private Advisor Group LLC now owns 16,499 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 5,370 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Up 1.6%

Shares of NYSE:BDN opened at $3.52 on Friday. The company has a current ratio of 2.14, a quick ratio of 2.97 and a debt-to-equity ratio of 2.68. The firm has a market cap of $610.56 million, a price-to-earnings ratio of -3.29 and a beta of 1.45. The stock’s 50-day moving average price is $4.09 and its two-hundred day moving average price is $4.13. Brandywine Realty Trust has a 12-month low of $3.41 and a 12-month high of $5.90.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%.The company had revenue of $121.42 million for the quarter, compared to analysts’ expectations of $119.11 million. Brandywine Realty Trust has set its FY 2025 guidance at 0.510-0.530 EPS. On average, research analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date was Thursday, October 9th. Brandywine Realty Trust’s dividend payout ratio is presently -29.91%.

Analyst Upgrades and Downgrades

BDN has been the subject of several research reports. Truist Financial downgraded Brandywine Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $5.00 to $4.00 in a research report on Tuesday, September 16th. Evercore ISI boosted their price target on Brandywine Realty Trust from $4.50 to $5.00 and gave the stock an “in-line” rating in a report on Monday, September 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Brandywine Realty Trust currently has a consensus rating of “Reduce” and an average price target of $4.50.

Brandywine Realty Trust 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.