Texas Permanent School Fund Corp Grows Stock Position in Brandywine Realty Trust (NYSE:BDN)

Texas Permanent School Fund Corp raised its holdings in Brandywine Realty Trust (NYSE:BDN) by 28.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,011 shares of the real estate investment trust’s stock after buying an additional 43,393 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.11% of Brandywine Realty Trust worth $869,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Simplicity Wealth LLC acquired a new stake in shares of Brandywine Realty Trust in the first quarter worth approximately $50,000. Bayesian Capital Management LP acquired a new position in shares of Brandywine Realty Trust in the 1st quarter valued at $56,000. EntryPoint Capital LLC grew its stake in shares of Brandywine Realty Trust by 811.8% during the 1st quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 12,437 shares during the period. NorthRock Partners LLC acquired a new stake in shares of Brandywine Realty Trust during the 1st quarter worth $79,000. Finally, Scharf Investments LLC raised its position in shares of Brandywine Realty Trust by 18.8% in the 1st quarter. Scharf Investments LLC now owns 17,038 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 2,700 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on BDN. Evercore ISI upped their price target on Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. StockNews.com upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

Brandywine Realty Trust Trading Down 4.1 %

NYSE:BDN opened at $5.18 on Friday. Brandywine Realty Trust has a 12 month low of $3.62 and a 12 month high of $5.67. The business’s 50-day moving average is $5.02 and its two-hundred day moving average is $4.70. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market capitalization of $892.36 million, a PE ratio of -4.25 and a beta of 1.33.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.05). The firm had revenue of $125.30 million during the quarter, compared to analysts’ expectations of $119.47 million. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. Brandywine Realty Trust’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.29 earnings per share. Research analysts predict that Brandywine Realty Trust will post 0.93 earnings per share for the current fiscal year.

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.