Brandywine Realty Trust (NYSE:BDN) Shares Sold by Federated Hermes Inc.

Key Points

• Federated Hermes Inc. reduced its stake in Brandywine Realty Trust by 3.7%, now owning approximately 1.50% of the company, valued at about $11.5 million.
• Brandywine Realty Trust reported a loss in earnings of $0.15 per share for the last quarter, missing analyst estimates while also announcing a quarterly dividend of $0.15 per share.
• Analysts have upgraded Brandywine Realty Trust from a "sell" rating to a "hold" rating, indicating a potential change in market sentiment.

Federated Hermes Inc. lowered its position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 3.7% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,588,347 shares of the real estate investment trust's stock after selling 98,473 shares during the quarter. Federated Hermes Inc. owned 1.50% of Brandywine Realty Trust worth $11,544,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Cetera Investment Advisers increased its holdings in shares of Brandywine Realty Trust by 18.7% in the 1st quarter. Cetera Investment Advisers now owns 36,115 shares of the real estate investment trust's stock valued at $161,000 after purchasing an additional 5,698 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Brandywine Realty Trust in the 1st quarter valued at about $448,000. Private Advisor Group LLC increased its holdings in shares of Brandywine Realty Trust by 48.3% in the 1st quarter. Private Advisor Group LLC now owns 16,499 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 5,370 shares in the last quarter. Signaturefd LLC purchased a new position in shares of Brandywine Realty Trust in the 1st quarter valued at about $27,000. Finally, New York State Common Retirement Fund grew its stake in Brandywine Realty Trust by 22.6% in the 1st 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. Hedge funds and other institutional investors own 87.27% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th.

Brandywine Realty Trust Price Performance

NYSE BDN traded up $0.14 during trading hours on Wednesday, reaching $4.08. The company's stock had a trading volume of 1,769,063 shares, compared to its average volume of 2,452,056. The stock has a market cap of $707.83 million, a PE ratio of -2.16 and a beta of 1.43. Brandywine Realty Trust has a fifty-two week low of $3.41 and a fifty-two week high of $6.54. The company's 50-day moving average is $4.24 and its two-hundred day moving average is $4.40. The company has a debt-to-equity ratio of 2.61, a quick ratio of 2.97 and a current ratio of 2.97.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $120.66 million. Analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 17th. Shareholders of record on Wednesday, July 2nd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 14.7%. The ex-dividend date of this dividend was Wednesday, July 2nd. Brandywine Realty Trust's dividend payout ratio (DPR) is currently -31.91%.

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.