Mutual of America Capital Management LLC Lowers Holdings in Brandywine Realty Trust (NYSE:BDN)

Mutual of America Capital Management LLC lowered its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 72.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 30,122 shares of the real estate investment trust’s stock after selling 80,410 shares during the period. Mutual of America Capital Management LLC’s holdings in Brandywine Realty Trust were worth $163,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Sage Rhino Capital LLC purchased a new stake in Brandywine Realty Trust during the 3rd quarter valued at approximately $46,000. Optas LLC purchased a new position in Brandywine Realty Trust during the fourth quarter valued at $62,000. NorthRock Partners LLC bought a new stake in Brandywine Realty Trust in the 3rd quarter valued at $54,000. Scharf Investments LLC bought a new stake in Brandywine Realty Trust in the 4th quarter valued at $77,000. Finally, MQS Management LLC purchased a new stake in Brandywine Realty Trust in the 3rd quarter worth $67,000. Institutional investors own 87.27% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BDN shares. Truist Financial cut their price objective on Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, February 13th. StockNews.com downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Brandywine Realty Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $5.50 price objective on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Brandywine Realty Trust has a consensus rating of “Hold” and a consensus price target of $5.63.

Brandywine Realty Trust Trading Up 3.0 %

BDN opened at $4.59 on Wednesday. The stock has a 50-day moving average of $4.38 and a 200 day moving average of $4.53. 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 cap of $789.86 million, a P/E ratio of -3.76 and a beta of 1.27.

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

Brandywine Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 13.09%. The ex-dividend date of this dividend was Wednesday, April 3rd. Brandywine Realty Trust’s payout ratio is -49.18%.

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.