Brandywine Realty Trust $BDN Shares Purchased by Allianz Asset Management GmbH

Allianz Asset Management GmbH increased its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 274.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 375,773 shares of the real estate investment trust’s stock after purchasing an additional 275,425 shares during the quarter. Allianz Asset Management GmbH owned 0.22% of Brandywine Realty Trust worth $1,612,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BDN. Cambridge Investment Research Advisors Inc. boosted its holdings in 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 valued at $110,000 after acquiring an additional 11,684 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Brandywine Realty Trust during the 1st quarter valued at about $71,000. Allspring Global Investments Holdings LLC boosted its holdings in 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 valued at $4,238,000 after acquiring an additional 282,031 shares during the period. Teacher Retirement System of Texas purchased a new position in Brandywine Realty Trust during the 1st quarter valued at about $113,000. Finally, Principal Financial Group Inc. boosted its holdings in Brandywine Realty Trust by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 859,755 shares of the real estate investment trust’s stock valued at $3,835,000 after acquiring an additional 22,530 shares during the period. 87.27% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BDN. Truist Financial cut Brandywine Realty Trust from a “buy” rating to a “hold” rating and lowered their target price for the company from $5.00 to $4.00 in a report on Tuesday, September 16th. Wall Street Zen cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Friday. Finally, Evercore ISI lifted their price objective on Brandywine Realty Trust from $4.50 to $5.00 and gave the company an “in-line” rating in a research note on Monday, September 29th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $4.50.

Brandywine Realty Trust Price Performance

BDN stock opened at $3.70 on Friday. The business has a 50 day moving average price of $4.13 and a 200 day moving average price of $4.13. The stock has a market cap of $641.82 million, a price-to-earnings ratio of -3.45 and a beta of 1.45. Brandywine Realty Trust has a fifty-two week low of $3.41 and a fifty-two week high of $5.90. The company has a quick ratio of 2.97, a current ratio of 2.14 and a debt-to-equity ratio of 2.68.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01). The business had revenue of $121.42 million for the quarter, compared to analysts’ expectations of $119.11 million. Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%. Brandywine Realty Trust has set its FY 2025 guidance at 0.510-0.530 EPS. Equities research analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were given a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $0.32 annualized dividend and a yield of 8.7%. Brandywine Realty Trust’s payout ratio is -29.91%.

Brandywine Realty Trust 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.