Charles Schwab Investment Management Inc. Sells 240,438 Shares of Brandywine Realty Trust $BDN

Key Points

• Charles Schwab Investment Management Inc. has reduced its stake in Brandywine Realty Trust by 7.0%, selling 240,438 shares, which leaves it with approximately 3.18 million shares valued at $14.18 million.
• Recent analysis by Wall Street Zen upgraded Brandywine Realty Trust from a "sell" to a "hold" rating, with a consensus price target of $5.00 for the stock.
• Brandywine Realty Trust reported earnings of $0.15 per share for the last quarter, missing expectations, and provided FY 2025 guidance of 0.600-0.660 EPS.

Charles Schwab Investment Management Inc. cut its holdings in Brandywine Realty Trust (NYSE:BDN - Free Report) by 7.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,178,595 shares of the real estate investment trust's stock after selling 240,438 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.84% of Brandywine Realty Trust worth $14,177,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BDN. Millennium Management LLC raised its holdings in shares of Brandywine Realty Trust by 91.2% in the fourth quarter. Millennium Management LLC now owns 2,644,898 shares of the real estate investment trust's stock valued at $14,811,000 after purchasing an additional 1,261,752 shares during the last quarter. Northern Trust Corp raised its holdings in shares of Brandywine Realty Trust by 19.7% in the fourth quarter. Northern Trust Corp now owns 2,501,798 shares of the real estate investment trust's stock valued at $14,010,000 after purchasing an additional 411,003 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Brandywine Realty Trust by 9.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,449,359 shares of the real estate investment trust's stock valued at $13,716,000 after purchasing an additional 221,039 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Brandywine Realty Trust by 22.6% in 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 purchasing an additional 257,171 shares during the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Brandywine Realty Trust in the fourth quarter valued at approximately $6,848,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Stock Performance

Brandywine Realty Trust stock traded down $0.03 during mid-day trading on Thursday, hitting $4.19. 782,736 shares of the company's stock traded hands, compared to its average volume of 2,421,472. The firm has a 50 day simple moving average of $4.13 and a two-hundred day simple moving average of $4.27. Brandywine Realty Trust has a fifty-two week low of $3.41 and a fifty-two week high of $6.54. The stock has a market cap of $726.93 million, a price-to-earnings ratio of -2.23 and a beta of 1.43. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.97 and a quick ratio of 2.97.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.02). Brandywine Realty Trust had a negative net margin of 65.33% and a negative return on equity of 32.12%. The business had revenue of $114.20 million for the quarter, compared to analyst estimates of $120.66 million. Brandywine Realty Trust has set its FY 2025 guidance at 0.600-0.660 EPS. On average, research analysts expect that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Brandywine Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Brandywine Realty Trust currently has a consensus rating of "Hold" and a consensus price target of $5.00.

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.