Concurrent Investment Advisors LLC Boosts Stock Position in Brandywine Realty Trust $BDN

Concurrent Investment Advisors LLC grew its stake in Brandywine Realty Trust (NYSE:BDN) by 6.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 58,508 shares of the real estate investment trust’s stock after purchasing an additional 3,403 shares during the period. Concurrent Investment Advisors LLC’s holdings in Brandywine Realty Trust were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in BDN. GAMMA Investing LLC grew its position in Brandywine Realty Trust by 280.7% in the first quarter. GAMMA Investing LLC now owns 33,472 shares of the real estate investment trust’s stock worth $149,000 after acquiring an additional 24,680 shares during the period. SG Americas Securities LLC grew its position in Brandywine Realty Trust by 83.5% in the first quarter. SG Americas Securities LLC now owns 83,410 shares of the real estate investment trust’s stock worth $372,000 after acquiring an additional 37,948 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Brandywine Realty Trust by 89.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,714 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 11,684 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Brandywine Realty Trust in the first quarter worth approximately $71,000. Finally, KG&L Capital Management LLC purchased a new position in Brandywine Realty Trust in the first quarter worth approximately $206,000. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BDN. Evercore ISI increased their price objective on Brandywine Realty Trust from $4.50 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, September 29th. Truist Financial lowered 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 report on Tuesday, September 16th. Wall Street Zen upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $4.50.

Brandywine Realty Trust Trading Down 0.7%

BDN opened at $3.66 on Tuesday. Brandywine Realty Trust has a 52 week low of $3.41 and a 52 week high of $6.54. The business has a fifty day simple moving average of $4.16 and a 200-day simple moving average of $4.14. The firm has a market cap of $636.44 million, a P/E ratio of -1.95 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 released 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 firm had revenue of $114.20 million for 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. On average, equities analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be paid a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 8.7%. The ex-dividend date is Thursday, October 9th. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -17.02%.

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.