State of Alaska Department of Revenue Has $796,000 Stock Holdings in Brandywine Realty Trust $BDN

State of Alaska Department of Revenue grew its position in Brandywine Realty Trust (NYSE:BDN) by 5.1% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 185,977 shares of the real estate investment trust’s stock after buying an additional 9,009 shares during the period. State of Alaska Department of Revenue owned approximately 0.11% of Brandywine Realty Trust worth $796,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC acquired a new position in shares of Brandywine Realty Trust in the 1st quarter valued at $27,000. US Bancorp DE grew its holdings in shares of Brandywine Realty Trust by 135.0% in the 1st quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 7,624 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Brandywine Realty Trust in the 1st quarter valued at $71,000. Private Advisor Group LLC grew its holdings in shares of Brandywine Realty Trust by 48.3% in the 1st quarter. Private Advisor Group LLC now owns 16,499 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 5,370 shares during the period. Finally, 17 Capital Partners LLC grew its holdings in shares of Brandywine Realty Trust by 14.9% in the 1st quarter. 17 Capital Partners LLC now owns 20,962 shares of the real estate investment trust’s stock valued at $93,000 after buying an additional 2,722 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Trading Down 3.2%

Shares of NYSE:BDN opened at $3.97 on Tuesday. The company’s 50-day moving average price is $4.20 and its two-hundred day moving average price is $4.18. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.97 and a quick ratio of 2.97. Brandywine Realty Trust has a one year low of $3.41 and a one year high of $6.54. The stock has a market capitalization of $689.59 million, a PE ratio of -2.11 and a beta of 1.45.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate 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 the consensus estimate 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 fiscal year.

Brandywine Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 8.1%. The ex-dividend date of this dividend is Thursday, October 9th. Brandywine Realty Trust’s dividend payout ratio is presently -31.91%.

Wall Street Analysts Forecast Growth

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