Brandywine Realty Trust $BDN Shares Purchased by Wolverine Asset Management LLC

by · The Markets Daily

Wolverine Asset Management LLC raised its holdings in Brandywine Realty Trust (NYSE:BDNFree Report) by 72.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,837,528 shares of the real estate investment trust’s stock after purchasing an additional 773,270 shares during the quarter. Wolverine Asset Management LLC’s holdings in Brandywine Realty Trust were worth $7,662,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Coldstream Capital Management Inc. boosted its stake in shares of Brandywine Realty Trust by 48.5% during the second quarter. Coldstream Capital Management Inc. now owns 14,042 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 4,588 shares during the period. Creative Planning raised 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 valued at $61,000 after acquiring an additional 2,749 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in Brandywine Realty Trust by 146.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,625 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 8,694 shares during the period. 111 Capital purchased a new position in shares of Brandywine Realty Trust in the 2nd quarter valued at approximately $65,000. Finally, Truist Financial Corp increased its holdings 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 purchasing an additional 3,134 shares during the period. 87.27% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Brandywine Realty Trust

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney bought 88,500 shares of the company’s stock in a transaction on Monday, November 10th. The stock was purchased at an average cost of $3.38 per share, for a total transaction of $299,130.00. Following the acquisition, the chief executive officer owned 3,042,210 shares of the company’s stock, valued at $10,282,669.80. The trade was a 3.00% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director James C. Diggs sold 23,190 shares of the company’s stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $3.47, for a total transaction of $80,469.30. Following the completion of the sale, 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. Insiders own 3.30% of the company’s stock.

Brandywine Realty Trust Trading Down 0.5%

Shares of Brandywine Realty Trust stock opened at $3.09 on Friday. The company has a 50-day moving average of $3.15 and a two-hundred day moving average of $3.74. Brandywine Realty Trust has a 12-month low of $2.83 and a 12-month high of $5.56. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 2.68. The stock has a market cap of $535.86 million, a PE ratio of -2.88 and a beta of 1.30.

Brandywine Realty Trust (NYSE:BDNGet Free Report) last released its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.16 earnings per share 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 firm had revenue of $121.42 million during the quarter, compared to analyst estimates of $119.11 million. On average, research analysts anticipate that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BDN. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Brandywine Realty Trust in a report on Monday, November 24th. Wall Street Zen upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, December 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, October 8th. Evercore ISI cut their price target on shares of Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating for the company in a report on Friday, November 14th. Finally, KeyCorp downgraded shares of Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday, December 4th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $4.00.

Get Our Latest Stock Analysis on Brandywine Realty Trust

Brandywine Realty Trust Company Profile

(Free Report)

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.

See Also

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