Brandywine Realty Trust $BDN Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its position in shares of Brandywine Realty Trust (NYSE:BDN) by 4.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 545,627 shares of the real estate investment trust’s stock after selling 25,266 shares during the quarter. Rhumbline Advisers owned about 0.32% of Brandywine Realty Trust worth $2,433,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Invesco Ltd. raised its stake in shares of Brandywine Realty Trust by 24.1% in the first quarter. Invesco Ltd. now owns 3,488,677 shares of the real estate investment trust’s stock worth $15,559,000 after purchasing an additional 676,477 shares during the last quarter. Penn Capital Management Company LLC increased its holdings in Brandywine Realty Trust by 12.6% in the 1st quarter. Penn Capital Management Company LLC now owns 2,675,294 shares of the real estate investment trust’s stock worth $11,954,000 after buying an additional 300,351 shares during the period. Millennium Management LLC raised its position in 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 buying an additional 1,261,752 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Brandywine Realty Trust by 22.6% during the 1st quarter. New York State Common Retirement Fund now owns 1,395,962 shares of the real estate investment trust’s stock valued at $6,226,000 after acquiring an additional 257,171 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Brandywine Realty Trust by 11.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,274,556 shares of the real estate investment trust’s stock valued at $5,685,000 after acquiring an additional 130,811 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Price Performance

Shares of Brandywine Realty Trust stock opened at $4.50 on Wednesday. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 2.61. Brandywine Realty Trust has a twelve month low of $3.41 and a twelve month high of $6.54. The business has a 50-day moving average price of $4.17 and a 200 day moving average price of $4.22. The firm has a market cap of $781.65 million, a PE ratio of -2.39 and a beta of 1.46.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on BDN. Truist Financial downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $5.00 to $4.00 in a research report on Tuesday. Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Brandywine Realty Trust has an average rating of “Hold” and an average price target of $4.50.

Brandywine Realty Trust Company 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.