Nomura Asset Management Co. Ltd. Cuts Holdings in Brandywine Realty Trust (NYSE:BDN)

Nomura Asset Management Co. Ltd. reduced its position in shares of Brandywine Realty Trust (NYSE:BDN) by 0.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,800 shares of the real estate investment trust’s stock after selling 2,000 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.12% of Brandywine Realty Trust worth $1,174,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its position in Brandywine Realty Trust by 2.2% during the third quarter. State Street Corp now owns 10,272,055 shares of the real estate investment trust’s stock worth $55,880,000 after purchasing an additional 218,444 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Brandywine Realty Trust by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust’s stock worth $11,847,000 after buying an additional 91,852 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Brandywine Realty Trust by 7,435.2% during the 2nd 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 buying an additional 2,059,542 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Brandywine Realty Trust by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,752,578 shares of the real estate investment trust’s stock worth $7,852,000 after acquiring an additional 8,884 shares in the last quarter. Finally, Systematic Financial Management LP raised its position 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 worth $5,192,000 after acquiring an additional 254,825 shares during the period. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Stock Up 1.8 %

Shares of BDN opened at $5.72 on Friday. The stock has a 50 day moving average price of $5.59 and a 200 day moving average price of $5.14. Brandywine Realty Trust has a one year low of $3.85 and a one year high of $6.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $987.65 million, a price-to-earnings ratio of -3.18 and a beta of 1.35.

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

Brandywine Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Wednesday, January 8th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 10.49%. The ex-dividend date of this dividend is Wednesday, January 8th. Brandywine Realty Trust’s dividend payout ratio (DPR) is -33.33%.

Wall Street Analyst Weigh In

Separately, Evercore ISI boosted their target price on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock 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.