Wolverine Asset Management LLC Grows Stock Position in Brandywine Realty Trust $BDN

Wolverine Asset Management LLC boosted its holdings in Brandywine Realty Trust (NYSE:BDN) by 72.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,837,528 shares of the real estate investment trust’s stock after acquiring an additional 773,270 shares during the period. Wolverine Asset Management LLC owned 1.06% of Brandywine Realty Trust worth $7,662,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coldstream Capital Management Inc. lifted its stake in shares of Brandywine Realty Trust by 48.5% in the 2nd quarter. Coldstream Capital Management Inc. now owns 14,042 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 4,588 shares during the last quarter. Creative Planning raised its holdings in Brandywine Realty Trust by 23.9% in the 2nd quarter. Creative Planning now owns 14,244 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 2,749 shares during the period. Tower Research Capital LLC TRC lifted its position in Brandywine Realty Trust by 146.6% in the second quarter. Tower Research Capital LLC TRC now owns 14,625 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 8,694 shares during the last quarter. 111 Capital purchased a new position in Brandywine Realty Trust during the second quarter worth about $65,000. Finally, Truist Financial Corp boosted its stake in Brandywine Realty Trust by 25.2% during the second quarter. Truist Financial Corp now owns 15,548 shares of the real estate investment trust’s stock worth $67,000 after buying an additional 3,134 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Wall Street Analyst Weigh In

BDN has been the topic of a number of research analyst reports. Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 27th. KeyCorp downgraded Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday, December 4th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Brandywine Realty Trust in a report on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, October 8th. Finally, Evercore ISI reduced 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. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Brandywine Realty Trust currently has a consensus rating of “Reduce” and a consensus price target of $4.00.

Insider Buying and Selling at Brandywine Realty Trust

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

Brandywine Realty Trust Stock Performance

NYSE:BDN opened at $3.09 on Friday. Brandywine Realty Trust has a 12 month low of $2.83 and a 12 month high of $5.56. The company has a debt-to-equity ratio of 2.68, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market capitalization of $535.86 million, a PE ratio of -2.88 and a beta of 1.30. The business’s fifty day moving average price is $3.15 and its 200 day moving average price is $3.74.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%.The business had revenue of $121.42 million for the quarter, compared to analysts’ expectations of $119.11 million. On average, sell-side analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 22nd. Investors of record on Wednesday, January 7th will be given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date of this dividend is Wednesday, January 7th. Brandywine Realty Trust’s dividend payout ratio (DPR) is -29.91%.

Brandywine Realty Trust Profile

Brandywine Realty Trust (NYSE: BDN) is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high‐quality, transit‐oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live‐work‐play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.