Maryland State Retirement & Pension System Reduces Stock Holdings in Brandywine Realty Trust $BDN

Maryland State Retirement & Pension System lowered its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 13.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 50,387 shares of the real estate investment trust’s stock after selling 7,787 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Brandywine Realty Trust were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Penn Capital Management Company LLC acquired a new stake in Brandywine Realty Trust during the 4th quarter worth $13,300,000. Millennium Management LLC raised its position in Brandywine Realty Trust by 91.2% in the 4th quarter. Millennium Management LLC now owns 2,644,898 shares of the real estate investment trust’s stock valued at $14,811,000 after purchasing an additional 1,261,752 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in Brandywine Realty Trust during the 4th quarter worth $6,848,000. Northern Trust Corp boosted its stake in Brandywine Realty Trust by 19.7% during the 4th quarter. Northern Trust Corp now owns 2,501,798 shares of the real estate investment trust’s stock worth $14,010,000 after purchasing an additional 411,003 shares during the period. Finally, Employees Retirement System of Texas purchased a new position in Brandywine Realty Trust during the 4th quarter worth $2,240,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

Shares of BDN stock opened at $4.0450 on Wednesday. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 2.61. The stock has a 50 day simple moving average of $4.18 and a 200-day simple moving average of $4.31. The company has a market cap of $702.61 million, a price-to-earnings ratio of -2.15 and a beta of 1.43. Brandywine Realty Trust has a 12-month low of $3.41 and a 12-month high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Brandywine Realty Trust had a negative return on equity of 32.12% and a negative net margin of 65.33%.The business had revenue of $114.20 million for the quarter, compared to analyst estimates of $120.66 million. Brandywine Realty Trust has set its FY 2025 guidance at 0.600-0.660 EPS. On average, equities analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.00.

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.