Brandywine Realty Trust (NYSE:BDN) Shares Acquired by abrdn plc

abrdn plc raised its position in shares of Brandywine Realty Trust (NYSE:BDNGet Rating) by 3.2% in the first quarter, Holdings Channel.com reports. The fund owned 37,652 shares of the real estate investment trust’s stock after acquiring an additional 1,183 shares during the quarter. abrdn plc’s holdings in Brandywine Realty Trust were worth $541,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. State of New Jersey Common Pension Fund D acquired a new position in shares of Brandywine Realty Trust during the first quarter valued at approximately $2,691,000. Verdence Capital Advisors LLC increased its holdings in shares of Brandywine Realty Trust by 10.8% in the first quarter. Verdence Capital Advisors LLC now owns 26,652 shares of the real estate investment trust’s stock valued at $377,000 after purchasing an additional 2,590 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Brandywine Realty Trust by 3.8% in the first quarter. Mutual of America Capital Management LLC now owns 100,246 shares of the real estate investment trust’s stock valued at $1,417,000 after purchasing an additional 3,707 shares during the last quarter. Telos Capital Management Inc. increased its holdings in shares of Brandywine Realty Trust by 10.2% in the first quarter. Telos Capital Management Inc. now owns 48,696 shares of the real estate investment trust’s stock valued at $689,000 after purchasing an additional 4,510 shares during the last quarter. Finally, Cornerstone Investment Partners LLC acquired a new stake in shares of Brandywine Realty Trust in the first quarter valued at approximately $182,000.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Truist Financial cut their price target on Brandywine Realty Trust from $14.00 to $11.00 and set a “hold” rating for the company in a report on Thursday, June 30th. Credit Suisse Group assumed coverage on Brandywine Realty Trust in a report on Wednesday, June 22nd. They issued a “neutral” rating and a $10.00 price target for the company. Finally, StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, April 14th.

Brandywine Realty Trust Trading Down 2.2 %

Shares of Brandywine Realty Trust stock opened at $8.76 on Thursday. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 87.61, a PEG ratio of 2.59 and a beta of 1.12. Brandywine Realty Trust has a fifty-two week low of $8.75 and a fifty-two week high of $14.88. The company has a debt-to-equity ratio of 1.24, a quick ratio of 1.72 and a current ratio of 1.63. The stock has a 50 day moving average of $9.77 and a 200 day moving average of $11.76.

Brandywine Realty Trust (NYSE:BDNGet Rating) last issued its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.02. The company had revenue of $124.04 million during the quarter, compared to analyst estimates of $123.41 million. Brandywine Realty Trust had a return on equity of 0.96% and a net margin of 3.25%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 earnings per share. As a group, research analysts predict that Brandywine Realty Trust will post 1.38 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 20th. Stockholders of record on Wednesday, July 6th were given a dividend of $0.19 per share. The ex-dividend date was Tuesday, July 5th. This represents a $0.76 annualized dividend and a dividend yield of 8.68%. Brandywine Realty Trust’s dividend payout ratio is currently 760.08%.

Brandywine Realty Trust Company Profile

(Get Rating)

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, Austin and Washington, DC markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 175 properties and 24.7 million square feet as of December 31, 2020 which excludes assets held for sale.

Further Reading

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Institutional Ownership by Quarter for Brandywine Realty Trust (NYSE:BDN)

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