Public Employees Retirement System of Ohio Acquires 3,490 Shares of Brandywine Realty Trust $BDN

Public Employees Retirement System of Ohio grew its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 1.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 256,527 shares of the real estate investment trust’s stock after buying an additional 3,490 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.15% of Brandywine Realty Trust worth $1,101,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Brandywine Realty Trust by 42.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 950,179 shares of the real estate investment trust’s stock worth $4,238,000 after purchasing an additional 282,031 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Brandywine Realty Trust by 119.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 55,105 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 30,028 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Brandywine Realty Trust by 89.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,714 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 11,684 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Brandywine Realty Trust during the 1st quarter worth about $71,000. Finally, American Century Companies Inc. increased its stake in shares of Brandywine Realty Trust by 54.2% during the 1st quarter. American Century Companies Inc. now owns 88,406 shares of the real estate investment trust’s stock worth $394,000 after purchasing an additional 31,072 shares during the last quarter. 87.27% of the stock is owned by institutional investors.

Brandywine Realty Trust Stock Performance

Shares of NYSE:BDN opened at $4.11 on Friday. The company’s 50 day moving average price is $4.20 and its two-hundred day moving average price is $4.19. Brandywine Realty Trust has a 12-month low of $3.41 and a 12-month high of $6.54. The firm has a market cap of $713.04 million, a PE ratio of -2.18 and a beta of 1.45. 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 (NYSE:BDN) last announced its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share (EPS) 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. Equities research analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, October 9th. Brandywine Realty Trust’s dividend payout ratio is -31.91%.

Wall Street Analyst Weigh In

BDN has been the topic of several recent analyst reports. Evercore ISI boosted their price objective on shares of Brandywine Realty Trust from $4.50 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, September 29th. Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Saturday, September 27th. Truist Financial lowered shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $5.00 to $4.00 in a research note on Tuesday, September 16th. Finally, Wall Street Zen upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $4.50.

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.