Rhumbline Advisers Has $2.60 Million Position in Brandywine Realty Trust (NYSE:BDN)

Rhumbline Advisers decreased its position in shares of Brandywine Realty Trust (NYSE:BDN) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 580,844 shares of the real estate investment trust’s stock after selling 4,007 shares during the period. Rhumbline Advisers’ holdings in Brandywine Realty Trust were worth $2,602,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Brandywine Realty Trust during the fourth quarter worth $6,610,000. Vanguard Group Inc. raised its holdings in shares of 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 in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Brandywine Realty Trust by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,213,563 shares of the real estate investment trust’s stock worth $28,153,000 after buying an additional 540,658 shares in the last quarter. Congress Asset Management Co. MA lifted its position in shares of 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. Finally, LDR Capital Management LLC boosted its stake in Brandywine Realty Trust by 86.1% in the first quarter. LDR Capital Management LLC now owns 540,027 shares of the real estate investment trust’s stock valued at $2,592,000 after buying an additional 249,862 shares in the last quarter. 87.27% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Brandywine Realty Trust Price Performance

Shares of NYSE:BDN opened at $5.36 on Thursday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73. The stock has a market cap of $923.37 million, a PE ratio of -4.39 and a beta of 1.33. The stock’s fifty day simple moving average is $4.98 and its two-hundred day simple moving average is $4.69. Brandywine Realty Trust has a 1-year low of $3.62 and a 1-year high of $5.67.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The firm had revenue of $125.30 million for the quarter, compared to the consensus estimate of $119.47 million. During the same period in the previous year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, analysts forecast that Brandywine Realty Trust will post 0.93 EPS for the current fiscal 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.