Brandywine Realty Trust $BDN Stock Holdings Lifted by Aberdeen Group plc

Aberdeen Group plc increased its stake in Brandywine Realty Trust (NYSE:BDN) by 38.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 68,049 shares of the real estate investment trust’s stock after acquiring an additional 19,045 shares during the quarter. Aberdeen Group plc’s holdings in Brandywine Realty Trust were worth $286,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC acquired a new stake in Brandywine Realty Trust during the 1st quarter worth about $27,000. US Bancorp DE increased its position in shares of Brandywine Realty Trust by 135.0% in the first quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 7,624 shares in the last quarter. 111 Capital acquired a new stake in shares of Brandywine Realty Trust during the second quarter valued at approximately $65,000. Truist Financial Corp lifted its position in shares of Brandywine Realty Trust by 25.2% in the 2nd quarter. Truist Financial Corp now owns 15,548 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 3,134 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in Brandywine Realty Trust in the 1st quarter worth approximately $71,000. 87.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BDN. Wall Street Zen upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Truist Financial cut shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $5.00 to $4.00 in a research note on Tuesday, September 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, October 8th. Finally, Evercore ISI upped their price objective on shares of Brandywine Realty Trust from $4.50 to $5.00 and gave the stock an “in-line” rating in a report on Monday, September 29th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $4.50.

Brandywine Realty Trust Stock Performance

NYSE BDN opened at $3.69 on Friday. Brandywine Realty Trust has a twelve month low of $3.41 and a twelve month high of $6.54. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 2.61. The stock has a market cap of $640.08 million, a P/E ratio of -1.96 and a beta of 1.45. The company’s 50-day simple moving average is $4.16 and its 200 day simple moving average is $4.14.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). The company had revenue of $114.20 million during the quarter, compared to analyst estimates of $120.66 million. Brandywine Realty Trust had a negative return on equity of 32.12% and a negative net margin of 65.33%. Brandywine Realty Trust has set its FY 2025 guidance at 0.600-0.660 EPS. As a group, research analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be paid a $0.08 dividend. The ex-dividend date is Thursday, October 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 8.7%. Brandywine Realty Trust’s payout ratio is -17.02%.

Brandywine Realty Trust 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.