DekaBank Deutsche Girozentrale Decreases Stake in Brandywine Realty Trust (NYSE:BDN)

DekaBank Deutsche Girozentrale lessened its position in shares of Brandywine Realty Trust (NYSE:BDN) by 24.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 44,900 shares of the real estate investment trust’s stock after selling 14,695 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Brandywine Realty Trust were worth $195,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BDN. Norges Bank purchased a new stake in shares of Brandywine Realty Trust during the 4th quarter worth $6,610,000. Vanguard Group Inc. lifted its holdings in Brandywine Realty Trust by 2.4% during the 1st quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock worth $135,747,000 after buying an additional 651,299 shares during the last quarter. Congress Asset Management Co. MA lifted its holdings in Brandywine Realty Trust by 228.2% during the 4th quarter. Congress Asset Management Co. MA now owns 657,829 shares of the real estate investment trust’s stock worth $3,552,000 after buying an additional 457,424 shares during the last quarter. LDR Capital Management LLC boosted its position in shares of Brandywine Realty Trust by 86.1% during the 1st quarter. LDR Capital Management LLC now owns 540,027 shares of the real estate investment trust’s stock worth $2,592,000 after acquiring an additional 249,862 shares in the last quarter. Finally, Caxton Associates LP increased its holdings in shares of Brandywine Realty Trust by 44.2% in the 1st quarter. Caxton Associates LP now owns 512,263 shares of the real estate investment trust’s stock valued at $2,459,000 after acquiring an additional 157,141 shares during the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on BDN shares. Evercore ISI boosted their target price 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 research report on Thursday, July 25th.

Brandywine Realty Trust Stock Down 4.1 %

BDN opened at $5.18 on Friday. Brandywine Realty Trust has a one year low of $3.62 and a one year high of $5.67. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market capitalization of $892.36 million, a P/E ratio of -4.25 and a beta of 1.33. The business’s 50-day simple moving average is $5.02 and its 200-day simple moving average is $4.70.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). The firm had revenue of $125.30 million for the quarter, compared to analyst estimates 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 quarterly revenue was down .5% on a year-over-year basis. During the same period last year, the firm earned $0.29 EPS. Analysts anticipate that Brandywine Realty Trust will post 0.93 EPS for the current year.

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.