Allstate Corp Sells 10,644 Shares of Brandywine Realty Trust (NYSE:BDN)

Allstate Corp lessened its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 18.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,671 shares of the real estate investment trust’s stock after selling 10,644 shares during the period. Allstate Corp’s holdings in Brandywine Realty Trust were worth $257,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vestor Capital LLC increased its stake in Brandywine Realty Trust by 76.6% during the 4th quarter. Vestor Capital LLC now owns 575,187 shares of the real estate investment trust’s stock worth $3,106,000 after acquiring an additional 249,447 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Brandywine Realty Trust by 9.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,672,905 shares of the real estate investment trust’s stock worth $21,215,000 after acquiring an additional 389,373 shares during the period. Asset Management One Co. Ltd. increased its stake in Brandywine Realty Trust by 2.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 265,773 shares of the real estate investment trust’s stock worth $1,462,000 after acquiring an additional 6,829 shares during the period. Bramshill Investments LLC increased its stake in Brandywine Realty Trust by 159.8% during the 3rd quarter. Bramshill Investments LLC now owns 280,655 shares of the real estate investment trust’s stock worth $1,274,000 after acquiring an additional 172,632 shares during the period. Finally, Algert Global LLC increased its stake in Brandywine Realty Trust by 21.8% during the 3rd quarter. Algert Global LLC now owns 921,443 shares of the real estate investment trust’s stock worth $4,183,000 after acquiring an additional 165,090 shares during the period. Institutional investors own 87.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Truist Financial reduced their target price on Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Brandywine Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $5.50 target price on the stock. Finally, StockNews.com downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Brandywine Realty Trust presently has an average rating of “Hold” and an average target price of $5.63.

Brandywine Realty Trust Price Performance

Shares of NYSE BDN traded up $0.11 during mid-day trading on Friday, hitting $4.70. 238,011 shares of the stock traded hands, compared to its average volume of 1,995,726. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.21 and a quick ratio of 2.21. Brandywine Realty Trust has a twelve month low of $3.59 and a twelve month high of $5.67. The company has a market cap of $809.67 million, a PE ratio of -3.76 and a beta of 1.26. The firm has a 50 day simple moving average of $4.57 and a two-hundred day simple moving average of $4.63.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.34). The firm had revenue of $126.50 million for the quarter, compared to analyst estimates of $122.83 million. Brandywine Realty Trust had a negative net margin of 40.61% and a negative return on equity of 14.62%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business earned $0.29 EPS. As a group, equities research analysts forecast that Brandywine Realty Trust will post 0.93 EPS for the current fiscal year.

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.