Intech Investment Management LLC Cuts Stock Position in Brandywine Realty Trust $BDN

Intech Investment Management LLC trimmed its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 20.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,257 shares of the real estate investment trust’s stock after selling 48,552 shares during the period. Intech Investment Management LLC’s holdings in Brandywine Realty Trust were worth $820,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BDN. US Bancorp DE lifted its stake in Brandywine Realty Trust by 135.0% in the 1st quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 7,624 shares in the last quarter. Creative Planning increased its stake in Brandywine Realty Trust by 23.9% during the 2nd quarter. Creative Planning now owns 14,244 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 2,749 shares in the last quarter. 111 Capital acquired a new position in shares of Brandywine Realty Trust during the second quarter valued at approximately $65,000. Truist Financial Corp lifted its position in shares of Brandywine Realty Trust by 25.2% in the second quarter. Truist Financial Corp now owns 15,548 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 3,134 shares in the last quarter. Finally, Private Advisor Group LLC boosted its stake 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 worth $74,000 after acquiring an additional 5,370 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BDN shares. Wall Street Zen upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, October 8th. Evercore ISI lowered their price target on shares of Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating on the stock in a research report on Friday, November 14th. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Brandywine Realty Trust in a research note on Monday. Finally, Truist Financial lowered shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the stock from $5.00 to $4.00 in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus price target of $4.00.

Insider Activity at Brandywine Realty Trust

In other news, CEO Gerard H. Sweeney acquired 88,500 shares of the company’s stock in a transaction on Monday, November 10th. The shares were bought at an average cost of $3.38 per share, with a total value of $299,130.00. Following the transaction, the chief executive officer owned 3,042,210 shares in the company, valued at approximately $10,282,669.80. This trade represents a 3.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Diggs sold 23,190 shares of the stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $3.47, for a total value of $80,469.30. Following the completion of the transaction, the director directly owned 128,672 shares in the company, valued at $446,491.84. This trade represents a 15.27% decrease in their position. The SEC filing for this sale provides additional information. 3.30% of the stock is owned by company insiders.

Brandywine Realty Trust Price Performance

Shares of BDN opened at $3.42 on Thursday. The firm has a 50-day simple moving average of $3.74 and a two-hundred day simple moving average of $4.06. The stock has a market cap of $593.18 million, a PE ratio of -3.19 and a beta of 1.42. Brandywine Realty Trust has a 1-year low of $3.23 and a 1-year high of $5.90. The company has a debt-to-equity ratio of 2.68, a current ratio of 2.14 and a quick ratio of 2.97.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $121.42 million for the quarter, compared to analysts’ expectations of $119.11 million. Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%. As a group, analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date was Thursday, October 9th. Brandywine Realty Trust’s dividend payout ratio is presently -29.91%.

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.