Brandywine Realty Trust $BDN Position Cut by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its stake in Brandywine Realty Trust (NYSE:BDN) by 70.6% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 31,275 shares of the real estate investment trust’s stock after selling 75,038 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Brandywine Realty Trust were worth $134,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC bought a new stake in Brandywine Realty Trust in the first quarter valued at $27,000. US Bancorp DE increased its holdings in shares of Brandywine Realty Trust by 135.0% during the first quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 7,624 shares during the period. 111 Capital acquired a new position in shares of Brandywine Realty Trust during the second quarter valued at $65,000. Truist Financial Corp increased its holdings in shares of Brandywine Realty Trust by 25.2% during the second quarter. Truist Financial Corp now owns 15,548 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 3,134 shares during the period. Finally, Private Advisor Group LLC increased its holdings in shares of Brandywine Realty Trust by 48.3% during the first quarter. Private Advisor Group LLC now owns 16,499 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 5,370 shares during the period. 87.27% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, Director James C. Diggs sold 23,190 shares of Brandywine Realty Trust stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $3.47, for a total value of $80,469.30. Following the transaction, the director owned 128,672 shares of the company’s stock, valued at approximately $446,491.84. This trade represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.30% of the company’s stock.

Brandywine Realty Trust Price Performance

NYSE:BDN opened at $3.31 on Wednesday. The business’s 50-day moving average price is $4.05 and its 200 day moving average price is $4.13. The firm has a market cap of $574.08 million, a P/E ratio of -3.09 and a beta of 1.45. Brandywine Realty Trust has a 52-week low of $3.29 and a 52-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 released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The firm had revenue of $121.42 million for the quarter, compared to analyst estimates 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, sell-side analysts predict 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 declared a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $0.32 dividend on an annualized basis and a yield of 9.7%. 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.