New York State Teachers Retirement System Sells 8,967 Shares of Brandywine Realty Trust $BDN

New York State Teachers Retirement System trimmed its stake in Brandywine Realty Trust (NYSE:BDN) by 19.2% during the 2nd quarter, Holdings Channel reports. The firm owned 37,688 shares of the real estate investment trust’s stock after selling 8,967 shares during the quarter. New York State Teachers Retirement System’s holdings in Brandywine Realty Trust were worth $162,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Kawa Capital Management Inc grew its position in Brandywine Realty Trust by 16.7% during the second quarter. Kawa Capital Management Inc now owns 3,500,000 shares of the real estate investment trust’s stock valued at $15,015,000 after acquiring an additional 500,000 shares during the last quarter. Invesco Ltd. grew its position in Brandywine Realty Trust by 24.1% during the first quarter. Invesco Ltd. now owns 3,488,677 shares of the real estate investment trust’s stock valued at $15,559,000 after acquiring an additional 676,477 shares during the last quarter. Penn Capital Management Company LLC grew its position in Brandywine Realty Trust by 12.6% during the first quarter. Penn Capital Management Company LLC now owns 2,675,294 shares of the real estate investment trust’s stock valued at $11,954,000 after acquiring an additional 300,351 shares during the last quarter. New York State Common Retirement Fund grew its position in Brandywine Realty Trust by 22.6% during the first quarter. New York State Common Retirement Fund now owns 1,395,962 shares of the real estate investment trust’s stock valued at $6,226,000 after acquiring an additional 257,171 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Brandywine Realty Trust by 11.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,274,556 shares of the real estate investment trust’s stock valued at $5,685,000 after acquiring an additional 130,811 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Truist Financial cut shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and reduced their price target for the company from $5.00 to $4.00 in a research report on Tuesday, September 16th. Evercore ISI increased their price target on shares of Brandywine Realty Trust from $4.50 to $5.00 and gave the company an “in-line” rating in a research report on Monday, September 29th. Wall Street Zen upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Brandywine Realty Trust currently has an average rating of “Reduce” and a consensus target price of $4.50.

Brandywine Realty Trust Stock Performance

NYSE:BDN opened at $3.70 on Friday. The firm has a market cap of $641.82 million, a PE ratio of -3.45 and a beta of 1.45. Brandywine Realty Trust has a fifty-two week low of $3.41 and a fifty-two week high of $5.90. The company has a debt-to-equity ratio of 2.61, a quick ratio of 2.97 and a current ratio of 2.97. The business has a 50 day moving average price of $4.14 and a 200-day moving average price of $4.13.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $121.42 million for the quarter, compared to analysts’ expectations of $119.11 million. Brandywine Realty Trust had a negative net margin of 38.03% and a negative return on equity of 18.91%. Brandywine Realty Trust has set its FY 2025 guidance at 0.510-0.530 EPS. Equities research analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date of this dividend was Thursday, October 9th. Brandywine Realty Trust’s dividend payout ratio is -17.02%.

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.