American Century Companies Inc. Boosts Stake in Brandywine Realty Trust $BDN

American Century Companies Inc. increased its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 54.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 88,406 shares of the real estate investment trust’s stock after purchasing an additional 31,072 shares during the period. American Century Companies Inc. owned approximately 0.05% of Brandywine Realty Trust worth $394,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BDN. Millennium Management LLC boosted its position in shares of Brandywine Realty Trust by 91.2% during the 4th quarter. Millennium Management LLC now owns 2,644,898 shares of the real estate investment trust’s stock worth $14,811,000 after purchasing an additional 1,261,752 shares during the period. Lighthouse Investment Partners LLC acquired a new stake in Brandywine Realty Trust during the 4th quarter worth approximately $6,848,000. Invesco Ltd. lifted its holdings in Brandywine Realty Trust by 24.1% during the 1st quarter. Invesco Ltd. now owns 3,488,677 shares of the real estate investment trust’s stock worth $15,559,000 after buying an additional 676,477 shares in the last quarter. Northern Trust Corp lifted its holdings 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 buying an additional 411,003 shares in the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in Brandywine Realty Trust during the 4th quarter worth approximately $2,240,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Price Performance

Brandywine Realty Trust stock opened at $4.37 on Friday. The stock has a market cap of $758.20 million, a P/E ratio of -2.32 and a beta of 1.46. The company has a fifty day simple moving average of $4.13 and a 200-day simple moving average of $4.24. Brandywine Realty Trust has a 12-month low of $3.41 and a 12-month high of $6.54. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 2.61.

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

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded 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.com, the stock has a consensus rating of “Hold” and an average 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.