Zurcher Kantonalbank Zurich Cantonalbank Decreases Stock Holdings in Brandywine Realty Trust (NYSE:BDN)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Brandywine Realty Trust (NYSE:BDN) by 8.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 60,712 shares of the real estate investment trust’s stock after selling 5,759 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brandywine Realty Trust were worth $328,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BDN. Sage Rhino Capital LLC purchased a new stake in Brandywine Realty Trust in the third quarter valued at $46,000. Optas LLC purchased a new stake in Brandywine Realty Trust in the fourth quarter valued at $62,000. NorthRock Partners LLC purchased a new stake in Brandywine Realty Trust in the third quarter valued at $54,000. Scharf Investments LLC purchased a new stake in Brandywine Realty Trust in the fourth quarter valued at $77,000. Finally, MQS Management LLC purchased a new stake in Brandywine Realty Trust in the third quarter valued at $67,000. 87.27% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BDN shares. Truist Financial reduced their price target on shares of 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 lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brandywine Realty Trust in a research note on Tuesday, January 30th. They issued a “hold” rating and a $5.50 price objective on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.63.

Brandywine Realty Trust Trading Down 0.2 %

NYSE BDN opened at $4.69 on Friday. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market cap of $807.95 million, a PE ratio of -3.84 and a beta of 1.26. Brandywine Realty Trust has a one year low of $3.42 and a one year high of $5.67. The firm’s fifty day moving average is $4.45 and its two-hundred day moving average is $4.55.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data 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). Brandywine Realty Trust had a negative net margin of 40.61% and a negative return on equity of 14.62%. The firm had revenue of $126.50 million during the quarter, compared to analyst estimates of $122.83 million. During the same quarter in the previous year, the business earned $0.29 EPS. Brandywine Realty Trust’s revenue for the quarter was down 2.1% on a year-over-year basis. Analysts expect that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 12.79%. The ex-dividend date of this dividend was Wednesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio is presently -49.18%.

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.