Brandywine Realty Trust $BDN Shares Purchased by Atria Investments Inc

Atria Investments Inc grew its position in shares of Brandywine Realty Trust (NYSE:BDN) by 18.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 128,256 shares of the real estate investment trust’s stock after purchasing an additional 20,058 shares during the quarter. Atria Investments Inc owned approximately 0.07% of Brandywine Realty Trust worth $550,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in BDN. Signaturefd LLC purchased a new position in shares of Brandywine Realty Trust during the first quarter worth approximately $27,000. US Bancorp DE boosted its stake in shares of Brandywine Realty Trust by 135.0% during the first quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 7,624 shares during the period. 111 Capital purchased a new stake in Brandywine Realty Trust during the 2nd quarter valued at approximately $65,000. Truist Financial Corp grew its stake in shares of Brandywine Realty Trust by 25.2% in the 2nd quarter. Truist Financial Corp now owns 15,548 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 3,134 shares during the last quarter. Finally, Private Advisor Group LLC raised its stake in shares of Brandywine Realty Trust by 48.3% during the first quarter. Private Advisor Group LLC now owns 16,499 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 5,370 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Insider Activity

In other Brandywine Realty Trust news, Director James C. Diggs sold 23,190 shares of the company’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $3.47, for a total value of $80,469.30. Following the transaction, the director directly owned 128,672 shares of the company’s stock, valued at $446,491.84. This represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 3.30% of the stock is owned by corporate insiders.

Brandywine Realty Trust Stock Performance

NYSE BDN opened at $3.39 on Monday. The stock has a market cap of $587.97 million, a price-to-earnings ratio of -3.16 and a beta of 1.42. The company has a quick ratio of 2.97, a current ratio of 2.14 and a debt-to-equity ratio of 2.68. The business has a fifty day moving average of $3.99 and a 200-day moving average of $4.12. Brandywine Realty Trust has a fifty-two week low of $3.23 and a fifty-two week high of $5.90.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Thursday, October 23rd. 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 net margin of 38.03% and a negative return on equity of 19.55%. The business had revenue of $121.42 million during the quarter, compared to analyst estimates of $119.11 million. As a group, analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 9.5%. The ex-dividend date was Thursday, October 9th. Brandywine Realty Trust’s dividend payout ratio is currently -29.91%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BDN. Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, October 8th. Wall Street Zen downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Evercore ISI raised their target price on Brandywine Realty Trust from $4.50 to $5.00 and gave the company an “in-line” rating in a report on Monday, September 29th. Finally, Truist Financial downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $5.00 to $4.00 in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, 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.