Brookfield Corp ON Invests $2.31 Million in Brandywine Realty Trust (NYSE:BDN)

Brookfield Corp ON acquired a new stake in shares of Brandywine Realty Trust (NYSE:BDN) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 425,384 shares of the real estate investment trust’s stock, valued at approximately $2,314,000.

A number of other hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. increased its position in Brandywine Realty Trust by 7,435.2% during the second quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock valued at $9,351,000 after acquiring an additional 2,059,542 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Brandywine Realty Trust in the third quarter worth $2,546,000. Segall Bryant & Hamill LLC purchased a new position in shares of Brandywine Realty Trust during the 3rd quarter valued at $1,937,000. Robeco Institutional Asset Management B.V. increased its stake in Brandywine Realty Trust by 85.0% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 700,647 shares of the real estate investment trust’s stock worth $3,812,000 after buying an additional 321,907 shares in the last quarter. Finally, Systematic Financial Management LP raised its holdings in Brandywine Realty Trust by 36.4% during the third quarter. Systematic Financial Management LP now owns 954,325 shares of the real estate investment trust’s stock valued at $5,192,000 after acquiring an additional 254,825 shares during the period. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Brandywine Realty Trust Stock Up 0.5 %

NYSE BDN opened at $5.62 on Friday. The stock has a 50 day moving average price of $5.58 and a 200-day moving average price of $5.10. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.05. Brandywine Realty Trust has a one year low of $3.85 and a one year high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. The company had revenue of $117.96 million during the quarter, compared to the consensus estimate of $120.00 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. On average, equities analysts forecast that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a $0.15 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 10.68%. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently -33.33%.

Analyst Ratings Changes

Separately, Evercore ISI lifted their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research note on Monday, September 16th.

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.