Federated Hermes Inc. Raises Position in Brandywine Realty Trust (NYSE:BDN)

Federated Hermes Inc. lifted its position in shares of Brandywine Realty Trust (NYSE:BDN) by 1.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,017,941 shares of the real estate investment trust’s stock after acquiring an additional 48,959 shares during the period. Federated Hermes Inc. owned approximately 1.75% of Brandywine Realty Trust worth $16,297,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Brandywine Realty Trust by 9.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,672,905 shares of the real estate investment trust’s stock valued at $21,215,000 after purchasing an additional 389,373 shares during the last quarter. Bramshill Investments LLC grew its holdings in shares of Brandywine Realty Trust by 159.8% in the third quarter. Bramshill Investments LLC now owns 280,655 shares of the real estate investment trust’s stock worth $1,274,000 after acquiring an additional 172,632 shares during the period. Asset Management One Co. Ltd. grew its holdings in shares of Brandywine Realty Trust by 2.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 265,773 shares of the real estate investment trust’s stock worth $1,462,000 after acquiring an additional 6,829 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Brandywine Realty Trust by 1,832.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,484,966 shares of the real estate investment trust’s stock valued at $6,742,000 after acquiring an additional 1,408,138 shares during the period. Finally, Algert Global LLC lifted its holdings in Brandywine Realty Trust by 21.8% in the third quarter. Algert Global LLC now owns 921,443 shares of the real estate investment trust’s stock valued at $4,183,000 after acquiring an additional 165,090 shares during the period. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Trading Up 1.6 %

Brandywine Realty Trust stock opened at $4.45 on Tuesday. The company has a current ratio of 2.21, a quick ratio of 2.15 and a debt-to-equity ratio of 1.69. Brandywine Realty Trust has a 12-month low of $3.42 and a 12-month high of $5.67. The firm has a market capitalization of $766.60 million, a price-to-earnings ratio of -3.65 and a beta of 1.27. The firm has a 50 day moving average of $4.37 and a 200 day moving average of $4.53.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.34). Brandywine Realty Trust had a negative return on equity of 14.62% and a negative net margin of 40.61%. The firm had revenue of $126.50 million during the quarter, compared to analysts’ expectations of $122.83 million. During the same period last year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, research analysts predict that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 13.48%. Brandywine Realty Trust’s payout ratio is -49.18%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on BDN shares. StockNews.com lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Truist Financial decreased their price target on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, February 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brandywine Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $5.50 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $5.63.

About Brandywine Realty Trust

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.