New York State Common Retirement Fund Lowers Stake in Brandywine Realty Trust $BDN

New York State Common Retirement Fund lessened its holdings in Brandywine Realty Trust (NYSE:BDN) by 17.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,159,105 shares of the real estate investment trust’s stock after selling 236,857 shares during the quarter. New York State Common Retirement Fund’s holdings in Brandywine Realty Trust were worth $4,973,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. 17 Capital Partners LLC grew its holdings in Brandywine Realty Trust by 14.9% in the first quarter. 17 Capital Partners LLC now owns 20,962 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 2,722 shares during the period. Creative Planning lifted its position in shares of 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 buying an additional 2,749 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Brandywine Realty Trust by 3.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,210 shares of the real estate investment trust’s stock valued at $426,000 after acquiring an additional 3,083 shares during the period. Truist Financial Corp grew its stake in 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 during the period. Finally, Asset Management One Co. Ltd. increased its holdings in Brandywine Realty Trust by 1.3% in the 2nd quarter. Asset Management One Co. Ltd. now owns 259,283 shares of the real estate investment trust’s stock worth $1,112,000 after acquiring an additional 3,373 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Wall Street Analysts Forecast Growth

BDN has been the topic of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Brandywine Realty Trust in a report on Monday, November 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, October 8th. Truist Financial lowered Brandywine Realty Trust from a “buy” rating to a “hold” rating and cut their price objective for the stock from $5.00 to $4.00 in a research note on Tuesday, September 16th. KeyCorp downgraded Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a research report on Thursday. Finally, Wall Street Zen lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $4.00.

Insider Activity

In other news, CEO Gerard H. Sweeney acquired 88,500 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer owned 3,042,210 shares in the company, valued at approximately $10,282,669.80. This trade represents a 3.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director James C. Diggs sold 23,190 shares of the business’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 transaction, the director owned 128,672 shares in the company, valued at $446,491.84. The trade was a 15.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.30% of the stock is currently owned by company insiders.

Brandywine Realty Trust Price Performance

BDN stock opened at $3.10 on Friday. Brandywine Realty Trust has a 1 year low of $3.08 and a 1 year high of $5.90. The company has a debt-to-equity ratio of 2.68, a current ratio of 2.14 and a quick ratio of 2.14. The firm has a market capitalization of $538.47 million, a PE ratio of -2.90 and a beta of 1.30. The business has a 50 day simple moving average of $3.58 and a 200-day simple moving average of $4.01.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $121.42 million for the quarter, compared to analysts’ expectations of $119.11 million. Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%. Equities research analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $0.32 annualized dividend and a dividend yield of 10.3%. Brandywine Realty Trust’s payout ratio is presently -29.91%.

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.