Bank of New York Mellon Corp Trims Stake in Brandywine Realty Trust (NYSE:BDN)

Bank of New York Mellon Corp reduced its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 9.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,992,968 shares of the real estate investment trust’s stock after selling 210,847 shares during the period. Bank of New York Mellon Corp owned approximately 1.16% of Brandywine Realty Trust worth $9,427,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Brandywine Realty Trust by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 29,343,033 shares of the real estate investment trust’s stock worth $198,066,000 after acquiring an additional 597,234 shares during the last quarter. State Street Corp lifted its holdings in shares of Brandywine Realty Trust by 3.4% during the 2nd quarter. State Street Corp now owns 13,466,154 shares of the real estate investment trust’s stock worth $129,814,000 after acquiring an additional 442,963 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Brandywine Realty Trust by 22.9% during the 4th quarter. Millennium Management LLC now owns 5,599,618 shares of the real estate investment trust’s stock worth $34,438,000 after acquiring an additional 1,041,781 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Brandywine Realty Trust by 3.3% during the 4th quarter. Geode Capital Management LLC now owns 3,577,507 shares of the real estate investment trust’s stock worth $22,001,000 after acquiring an additional 114,563 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Brandywine Realty Trust by 10.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,427,534 shares of the real estate investment trust’s stock worth $21,079,000 after acquiring an additional 311,091 shares during the last quarter. 92.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have weighed in on BDN shares. TheStreet downgraded shares of Brandywine Realty Trust from a “c” rating to a “d+” rating in a research note on Tuesday, August 1st. StockNews.com started coverage on shares of Brandywine Realty Trust in a research note on Thursday, August 17th. They issued a “sell” rating for the company. Finally, Evercore ISI boosted their price target on shares of Brandywine Realty Trust from $5.00 to $6.00 and gave the stock an “in-line” rating in a research note on Wednesday, August 16th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Brandywine Realty Trust presently has an average rating of “Hold” and a consensus target price of $6.44.

Brandywine Realty Trust Price Performance

BDN stock opened at $5.10 on Friday. The firm’s 50-day moving average price is $4.76 and its two-hundred day moving average price is $4.61. Brandywine Realty Trust has a 12-month low of $3.42 and a 12-month high of $8.61. The stock has a market capitalization of $877.71 million, a price-to-earnings ratio of 36.43, a PEG ratio of 1.62 and a beta of 1.21. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 1.37.

Brandywine Realty Trust Company 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 162 properties and 22.8 million square feet as of June 30, 2023 which excludes assets held for sale.