Mutual of America Capital Management LLC Sells 2,927 Shares of Brandywine Realty Trust $BDN

Mutual of America Capital Management LLC reduced its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 11.6% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 22,217 shares of the real estate investment trust’s stock after selling 2,927 shares during the period. Mutual of America Capital Management LLC’s holdings in Brandywine Realty Trust were worth $95,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. grew its holdings in Brandywine Realty Trust by 89.7% during 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 buying an additional 11,684 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Brandywine Realty Trust by 42.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 950,179 shares of the real estate investment trust’s stock worth $4,238,000 after buying an additional 282,031 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Brandywine Realty Trust in the 1st quarter worth $113,000. Principal Financial Group Inc. grew its stake in shares of Brandywine Realty Trust by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 859,755 shares of the real estate investment trust’s stock worth $3,835,000 after acquiring an additional 22,530 shares in the last quarter. Finally, Concurrent Investment Advisors LLC grew its stake in shares of Brandywine Realty Trust by 119.7% in the 1st quarter. Concurrent Investment Advisors LLC now owns 55,105 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 30,028 shares in the last quarter. 87.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BDN. Truist Financial downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $5.00 to $4.00 in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, October 8th. Wall Street Zen lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Finally, Evercore ISI upped 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 investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $4.50.

Brandywine Realty Trust Stock Up 1.6%

BDN stock opened at $3.52 on Friday. The company has a debt-to-equity ratio of 2.68, a quick ratio of 2.97 and a current ratio of 2.14. The company has a market capitalization of $610.56 million, a price-to-earnings ratio of -3.29 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 stock has a fifty day moving average of $4.09 and a 200-day moving average of $4.13.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly 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 firm had revenue of $121.42 million for the quarter, compared to the consensus estimate 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. As a group, 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 firm also recently announced 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. This represents a $0.32 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date was Thursday, October 9th. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently -29.91%.

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.