Vanguard Group Inc. Decreases Position in Brandywine Realty Trust $BDN

Vanguard Group Inc. lowered its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 16.0% in the 4th quarter, HoldingsChannel reports. The firm owned 21,770,712 shares of the real estate investment trust’s stock after selling 4,161,801 shares during the quarter. Vanguard Group Inc. owned 0.13% of Brandywine Realty Trust worth $63,570,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Wolverine Asset Management LLC increased its stake in shares of Brandywine Realty Trust by 72.7% during the 3rd quarter. Wolverine Asset Management LLC now owns 1,837,528 shares of the real estate investment trust’s stock worth $7,662,000 after purchasing an additional 773,270 shares during the last quarter. Allianz Asset Management GmbH boosted its holdings in Brandywine Realty Trust by 116.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 815,112 shares of the real estate investment trust’s stock worth $3,399,000 after buying an additional 439,339 shares during the period. Nordea Investment Management AB boosted its holdings in Brandywine Realty Trust by 18.6% in the 3rd quarter. Nordea Investment Management AB now owns 1,716,155 shares of the real estate investment trust’s stock worth $7,113,000 after buying an additional 269,041 shares during the period. JPMorgan Chase & Co. boosted its holdings in Brandywine Realty Trust by 25.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,525,615 shares of the real estate investment trust’s stock worth $6,362,000 after buying an additional 309,552 shares during the period. Finally, CWM LLC boosted its holdings in Brandywine Realty Trust by 11.1% in the 3rd quarter. CWM LLC now owns 28,721 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 2,873 shares during the period. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Up 1.2%

Shares of NYSE:BDN opened at $3.06 on Friday. The firm has a fifty day moving average price of $2.87 and a two-hundred day moving average price of $3.05. The company has a debt-to-equity ratio of 3.55, a current ratio of 1.93 and a quick ratio of 1.93. Brandywine Realty Trust has a one year low of $2.47 and a one year high of $4.63. The company has a market cap of $530.68 million, a price-to-earnings ratio of -2.66 and a beta of 1.30.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.10). Brandywine Realty Trust had a negative net margin of 40.79% and a negative return on equity of 24.45%. The firm had revenue of $127.00 million during the quarter, compared to the consensus estimate of $110.27 million. Analysts anticipate that Brandywine Realty Trust will post 0.56 EPS for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 16th. Shareholders of record on Thursday, April 2nd were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend was Thursday, April 2nd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -27.83%.

Analysts Set New Price Targets

BDN has been the subject of several analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, January 21st. Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, May 9th. Citigroup reaffirmed a “sell” rating on shares of Brandywine Realty Trust in a report on Tuesday, January 27th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $3.00 price objective (down from $3.50) on shares of Brandywine Realty Trust in a report on Monday, April 27th. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Brandywine Realty Trust presently has an average rating of “Reduce” and an average price target of $3.50.

About Brandywine Realty Trust

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.