Choreo LLC Purchases New Position in Brandywine Realty Trust (NYSE:BDN)

Choreo LLC purchased a new stake in shares of Brandywine Realty Trust (NYSE:BDN) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 23,295 shares of the real estate investment trust’s stock, valued at approximately $103,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Simplicity Wealth LLC bought a new stake in shares of Brandywine Realty Trust during the first quarter valued at approximately $50,000. Bayesian Capital Management LP bought a new stake in shares of Brandywine Realty Trust during the first quarter valued at approximately $56,000. EntryPoint Capital LLC increased its position in shares of Brandywine Realty Trust by 811.8% during the first quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 12,437 shares in the last quarter. NorthRock Partners LLC bought a new stake in shares of Brandywine Realty Trust during the first quarter valued at approximately $79,000. Finally, Scharf Investments LLC grew its position in 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 purchasing an additional 2,700 shares during the period. Institutional investors own 87.27% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Brandywine Realty Trust Trading Down 4.1 %

Shares of Brandywine Realty Trust stock opened at $5.18 on Friday. The company’s fifty day simple moving average is $5.02 and its 200-day simple moving average is $4.70. The stock has a market capitalization of $892.36 million, a PE ratio of -4.36 and a beta of 1.33. Brandywine Realty Trust has a 1-year low of $3.62 and a 1-year high of $5.67. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.07 and a quick ratio of 2.07.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly 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 business had revenue of $125.30 million for the quarter, compared to analysts’ expectations of $119.47 million. Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.29 EPS. As a group, equities analysts anticipate that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Company 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.