Kestra Investment Management LLC Invests $26,000 in Brandywine Realty Trust (NYSE:BDN)

Kestra Investment Management LLC purchased a new stake in Brandywine Realty Trust (NYSE:BDN) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 4,728 shares of the real estate investment trust’s stock, valued at approximately $26,000.

Other hedge funds have also modified their holdings of the company. Quarry LP increased its stake in Brandywine Realty Trust by 752.5% in the third quarter. Quarry LP now owns 4,595 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 4,056 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of Brandywine Realty Trust in the 3rd quarter valued at $55,000. Coldstream Capital Management Inc. acquired a new position in shares of Brandywine Realty Trust in the 3rd quarter valued at $55,000. Wolverine Asset Management LLC acquired a new stake in Brandywine Realty Trust during the 3rd quarter worth $62,000. Finally, KBC Group NV lifted its holdings in Brandywine Realty Trust by 70.5% during the third quarter. KBC Group NV now owns 12,166 shares of the real estate investment trust’s stock worth $66,000 after acquiring an additional 5,029 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Trading Down 2.3 %

Shares of NYSE:BDN opened at $4.85 on Friday. The firm has a market cap of $836.59 million, a price-to-earnings ratio of -4.25 and a beta of 1.34. Brandywine Realty Trust has a 12 month low of $4.02 and a 12 month high of $6.54. The company’s fifty day simple moving average is $5.28 and its 200 day simple moving average is $5.37. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 2.12.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. As a group, research analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, April 3rd will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 12.38%. The ex-dividend date is Thursday, April 3rd. Brandywine Realty Trust’s payout ratio is -52.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BDN shares. Evercore ISI lowered their price target on Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a report on Thursday, February 6th. StockNews.com cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th.

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.