AQR Capital Management LLC Cuts Stock Holdings in Brandywine Realty Trust (NYSE:BDN)

AQR Capital Management LLC cut its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 15.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,005,869 shares of the real estate investment trust’s stock after selling 183,003 shares during the period. AQR Capital Management LLC owned 0.58% of Brandywine Realty Trust worth $4,466,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BDN. Point72 DIFC Ltd purchased a new stake in Brandywine Realty Trust during the second quarter worth $27,000. Sei Investments Co. purchased a new stake in shares of Brandywine Realty Trust during the 2nd quarter worth $48,000. Bayesian Capital Management LP bought a new stake in Brandywine Realty Trust during the first quarter valued at about $56,000. EverSource Wealth Advisors LLC grew its stake in Brandywine Realty Trust by 381.7% in the second quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock valued at $55,000 after purchasing an additional 9,753 shares during the last quarter. Finally, EntryPoint Capital LLC raised its holdings in Brandywine Realty Trust by 811.8% in the first quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 12,437 shares in the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Evercore ISI lifted their price objective 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. StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

Brandywine Realty Trust Price Performance

Shares of BDN stock opened at $5.73 on Friday. Brandywine Realty Trust has a fifty-two week low of $3.62 and a fifty-two week high of $5.86. 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 firm has a market capitalization of $987.11 million, a price-to-earnings ratio of -4.70 and a beta of 1.33. The stock’s 50-day simple moving average is $5.17 and its 200-day simple moving average is $4.78.

Brandywine Realty Trust (NYSE:BDN) last released 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 company 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 firm’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.29 EPS. As a group, equities analysts forecast that Brandywine Realty Trust will post 0.93 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a yield of 10.47%. Brandywine Realty Trust’s dividend payout ratio is currently -49.18%.

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.