Brandywine Realty Trust $BDN Shares Sold by Bank of America Corp DE

Key Points

• Bank of America cut its Brandywine Realty Trust stake by 44.4% in the first quarter, selling 558,101 shares and retaining 697,780 shares valued at approximately $1.89 million.
• Institutional investors own 87.27% of BDN, with Invesco, Charles Schwab, Geode Capital, Goldman Sachs and Mirae Asset among major holders that increased their positions.
• BDN traded at $3.04, while analysts maintain a “Reduce” consensus rating with a $3.50 target price. The REIT reported a quarterly loss of $0.18 per share but exceeded revenue expectations.

Bank of America Corp DE lessened its holdings in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 44.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 697,780 shares of the real estate investment trust's stock after selling 558,101 shares during the period. Bank of America Corp DE owned approximately 0.40% of Brandywine Realty Trust worth $1,891,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Invesco Ltd. increased its position in Brandywine Realty Trust by 20.8% during the 3rd quarter. Invesco Ltd. now owns 5,492,657 shares of the real estate investment trust's stock valued at $22,904,000 after buying an additional 944,926 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Brandywine Realty Trust by 12.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,488,275 shares of the real estate investment trust's stock worth $16,026,000 after acquiring an additional 617,008 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Brandywine Realty Trust by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 4,635,453 shares of the real estate investment trust's stock worth $13,537,000 after acquiring an additional 92,436 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Brandywine Realty Trust by 171.9% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,925,736 shares of the real estate investment trust's stock worth $8,543,000 after acquiring an additional 1,849,532 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Brandywine Realty Trust by 7.5% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,804,116 shares of the real estate investment trust's stock worth $11,693,000 after acquiring an additional 195,429 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company's stock.

Brandywine Realty Trust Stock Performance

NYSE BDN opened at $3.04 on Thursday. The stock has a 50-day simple moving average of $3.13 and a two-hundred day simple moving average of $3.04. The firm has a market capitalization of $529.85 million, a P/E ratio of -3.70 and a beta of 1.29. Brandywine Realty Trust has a fifty-two week low of $2.47 and a fifty-two week high of $4.63. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.67 and a current ratio of 1.67.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.18) EPS for the quarter, hitting analysts' consensus estimates of ($0.18). The firm had revenue of $128.92 million for the quarter, compared to the consensus estimate of $113.04 million. Brandywine Realty Trust had a negative return on equity of 18.52% and a negative net margin of 28.62%.During the same quarter in the prior year, the business earned ($0.51) earnings per share. On average, equities analysts forecast that Brandywine Realty Trust will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

BDN has been the topic of several recent analyst reports. Weiss Ratings restated a "sell (d-)" rating on shares of Brandywine Realty Trust in a report on Wednesday, July 15th. Wall Street Zen upgraded shares of Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $3.50.

Brandywine Realty Trust Profile

Brandywine Realty Trust NYSE: BDN is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high‐quality, transit‐oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine's portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live‐work‐play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.

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