Brandywine Realty Trust (NYSE:BDN) Stock Holdings Lessened 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 holdings in Brandywine Realty Trust (NYSE:BDN - Free Report) by 3.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,588,347 shares of the real estate investment trust's stock after selling 98,473 shares during the period. Federated Hermes Inc. owned about 1.50% of Brandywine Realty Trust worth $11,544,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BDN. Vanguard Group Inc. boosted its holdings in Brandywine Realty Trust by 5.4% during the fourth quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust's stock worth $159,620,000 after buying an additional 1,459,236 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Brandywine Realty Trust by 42.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 950,179 shares of the real estate investment trust's stock valued at $4,238,000 after acquiring an additional 282,031 shares during the last quarter. Concurrent Investment Advisors LLC boosted its stake in shares of Brandywine Realty Trust by 119.7% during the 1st quarter. Concurrent Investment Advisors LLC now owns 55,105 shares of the real estate investment trust's stock worth $246,000 after acquiring an additional 30,028 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Brandywine Realty Trust by 89.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,714 shares of the real estate investment trust's stock worth $110,000 after acquiring an additional 11,684 shares during the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new position in shares of Brandywine Realty Trust in the 4th quarter worth $6,848,000. Institutional investors and hedge funds own 87.27% of the company's stock.

Brandywine Realty Trust Trading Down 4.3%

BDN stock traded down $0.17 during mid-day trading on Friday, reaching $3.83. 5,849,066 shares of the stock traded hands, compared to its average volume of 2,784,158. Brandywine Realty Trust has a 52-week low of $3.41 and a 52-week high of $6.54. The stock's fifty day moving average is $4.25 and its 200-day moving average is $4.42. The company has a market cap of $665.27 million, a P/E ratio of -2.04 and a beta of 1.43. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 2.61.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share (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 firm had revenue of $114.20 million for the quarter, compared to analyst estimates of $120.66 million. As a group, sell-side analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, July 2nd were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 15.7%. The ex-dividend date of this dividend was Wednesday, July 2nd. Brandywine Realty Trust's dividend payout ratio (DPR) is -31.91%.

Wall Street Analysts Forecast Growth

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

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.