EMC Capital Management Buys 4,419 Shares of Brandywine Realty Trust (NYSE:BDN)

EMC Capital Management grew its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 26.9% during the first quarter, Holdings Channel reports. The institutional investor owned 20,845 shares of the real estate investment trust’s stock after purchasing an additional 4,419 shares during the quarter. EMC Capital Management’s holdings in Brandywine Realty Trust were worth $100,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Simplicity Wealth LLC bought a new position in shares of Brandywine Realty Trust during the first quarter valued at about $50,000. GAMMA Investing LLC bought a new position in shares of Brandywine Realty Trust during the fourth quarter valued at about $58,000. Metis Global Partners LLC bought a new position in shares of Brandywine Realty Trust during the fourth quarter valued at about $59,000. Optas LLC bought a new position in shares of Brandywine Realty Trust during the fourth quarter valued at about $62,000. Finally, Bayesian Capital Management LP bought a new position in shares of Brandywine Realty Trust during the first quarter valued at about $56,000. 87.27% of the stock is owned by institutional investors.

Brandywine Realty Trust Stock Down 2.1 %

NYSE BDN opened at $4.91 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.07 and a quick ratio of 2.21. The stock has a market capitalization of $844.98 million, a PE ratio of -4.02 and a beta of 1.33. Brandywine Realty Trust has a 1 year low of $3.62 and a 1 year high of $5.67. The business’s 50-day moving average is $4.61 and its 200 day moving average is $4.55.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.05). The business had revenue of $125.30 million during the quarter, compared to the consensus estimate of $119.47 million. Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.29 earnings per share. Sell-side analysts forecast that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $0.60 annualized dividend and a yield of 12.23%. Brandywine Realty Trust’s payout ratio is -49.18%.

Analyst Ratings Changes

Separately, StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.63.

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.