Brandywine Realty Trust (NYSE:BDN) Stake Boosted by Abundance Wealth Counselors

Abundance Wealth Counselors increased its holdings in Brandywine Realty Trust (NYSE:BDN) by 69.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,491 shares of the real estate investment trust’s stock after buying an additional 32,258 shares during the quarter. Abundance Wealth Counselors’ holdings in Brandywine Realty Trust were worth $377,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. grew its holdings in Brandywine Realty Trust by 11.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,213,563 shares of the real estate investment trust’s stock worth $28,153,000 after buying an additional 540,658 shares in the last quarter. Federated Hermes Inc. grew its holdings in Brandywine Realty Trust by 1.6% in the 4th quarter. Federated Hermes Inc. now owns 3,017,941 shares of the real estate investment trust’s stock worth $16,297,000 after buying an additional 48,959 shares in the last quarter. Norges Bank bought a new position in Brandywine Realty Trust in the 4th quarter worth approximately $6,610,000. Congress Asset Management Co. MA grew its holdings in Brandywine Realty Trust by 1.1% in the 1st quarter. Congress Asset Management Co. MA now owns 664,750 shares of the real estate investment trust’s stock worth $3,191,000 after buying an additional 6,921 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in Brandywine Realty Trust by 16.4% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 577,946 shares of the real estate investment trust’s stock worth $3,121,000 after buying an additional 81,249 shares in the last quarter. 87.27% of the stock is owned by institutional investors.

Brandywine Realty Trust Price Performance

Shares of BDN stock opened at $4.41 on Thursday. Brandywine Realty Trust has a 12-month low of $3.62 and a 12-month high of $5.67. The business has a 50 day simple moving average of $4.60 and a 200 day simple moving average of $4.65. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.21 and a quick ratio of 2.21.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Thursday, April 18th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.34). The firm had revenue of $126.50 million during the quarter, compared to analyst estimates of $122.83 million. Brandywine Realty Trust had a negative return on equity of 14.62% and a negative net margin of 40.61%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter last year, the company earned $0.29 earnings per share. Sell-side analysts anticipate that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 13.62%. Brandywine Realty Trust’s dividend payout ratio (DPR) is -49.18%.

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.