Public Employees Retirement System of Ohio Takes $648,000 Position in Brandywine Realty Trust $BDN

Public Employees Retirement System of Ohio purchased a new position in shares of Brandywine Realty Trust (NYSE:BDN) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 204,409 shares of the real estate investment trust’s stock, valued at approximately $648,000.

A number of other institutional investors and hedge funds have also modified their holdings of BDN. Invesco Ltd. boosted its stake in Brandywine Realty Trust by 20.8% in the third quarter. Invesco Ltd. now owns 5,492,657 shares of the real estate investment trust’s stock valued at $22,904,000 after acquiring an additional 944,926 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Brandywine Realty Trust by 12.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,488,275 shares of the real estate investment trust’s stock valued at $16,026,000 after acquiring an additional 617,008 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Brandywine Realty Trust by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 4,635,453 shares of the real estate investment trust’s stock valued at $13,537,000 after purchasing an additional 92,436 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Brandywine Realty Trust by 171.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,925,736 shares of the real estate investment trust’s stock valued at $8,543,000 after purchasing an additional 1,849,532 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Brandywine Realty Trust by 7.5% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,804,116 shares of the real estate investment trust’s stock valued at $11,693,000 after purchasing an additional 195,429 shares during the period. 87.27% of the stock is owned by institutional investors.

Brandywine Realty Trust Stock Down 2.5%

Shares of NYSE:BDN opened at $2.98 on Thursday. Brandywine Realty Trust has a 52 week low of $2.47 and a 52 week high of $4.63. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $521.12 million, a PE ratio of -3.64 and a beta of 1.29. The company has a 50 day moving average price of $3.11 and a two-hundred day moving average price of $3.03.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.18) earnings per share for the quarter, hitting the consensus estimate of ($0.18). The company had revenue of $128.92 million for the quarter, compared to analyst estimates of $113.04 million. Brandywine Realty Trust had a negative net margin of 28.62% and a negative return on equity of 18.52%. During the same period last year, the business posted ($0.51) earnings per share. Analysts forecast that Brandywine Realty Trust will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on BDN. Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, July 15th. Three analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $3.50.

Brandywine Realty Trust Company Profile

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.