Ethic Inc. Acquires 4,915 Shares of Brandywine Realty Trust $BDN

Ethic Inc. grew its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 10.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,245 shares of the real estate investment trust’s stock after acquiring an additional 4,915 shares during the period. Ethic Inc.’s holdings in Brandywine Realty Trust were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Kawa Capital Management Inc grew its position in shares of Brandywine Realty Trust by 16.7% during the 2nd quarter. Kawa Capital Management Inc now owns 3,500,000 shares of the real estate investment trust’s stock valued at $15,015,000 after acquiring an additional 500,000 shares during the period. Invesco Ltd. grew its position in shares of Brandywine Realty Trust by 24.1% during the 1st quarter. Invesco Ltd. now owns 3,488,677 shares of the real estate investment trust’s stock valued at $15,559,000 after acquiring an additional 676,477 shares during the period. Penn Capital Management Company LLC boosted 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. Nordea Investment Management AB boosted its holdings in Brandywine Realty Trust by 0.4% in the 2nd quarter. Nordea Investment Management AB now owns 1,447,114 shares of the real estate investment trust’s stock worth $6,186,000 after buying an additional 5,724 shares during the period. Finally, New York State Common Retirement Fund boosted its holdings in Brandywine Realty Trust by 22.6% in the 1st quarter. New York State Common Retirement Fund now owns 1,395,962 shares of the real estate investment trust’s stock worth $6,226,000 after buying an additional 257,171 shares during the period. Institutional investors own 87.27% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Wall Street Zen downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, October 8th. Evercore ISI upped their target price on shares of Brandywine Realty Trust from $4.50 to $5.00 and gave the stock an “in-line” rating in a report on Monday, September 29th. Finally, Truist Financial downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $5.00 to $4.00 in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Brandywine Realty Trust currently has an average rating of “Reduce” and a consensus target price of $4.50.

Brandywine Realty Trust Stock Up 1.6%

BDN opened at $3.52 on Friday. The firm has a 50-day simple moving average of $4.09 and a two-hundred day simple moving average of $4.13. Brandywine Realty Trust has a 52 week low of $3.41 and a 52 week high of $5.90. The company has a market capitalization of $610.56 million, a PE ratio of -3.29 and a beta of 1.45. 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 released its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.01). Brandywine Realty Trust had a negative net margin of 38.03% and a negative return on equity of 19.55%. The company had revenue of $121.42 million for the quarter, compared to the consensus estimate of $119.11 million. Brandywine Realty Trust has set its FY 2025 guidance at 0.510-0.530 EPS. Analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend was Thursday, October 9th. Brandywine Realty Trust’s dividend 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.