Goldman Sachs Group Inc. Has $4.56 Million Stake in Brandywine Realty Trust $BDN

Key Points

• Goldman Sachs Group Inc. has reduced its stake in Brandywine Realty Trust to 1,021,378 shares, valuing approximately $4.56 million, representing a decrease of 5.9% in the first quarter.
• Brandywine Realty Trust reported an EPS of $0.15 for Q2, falling short of the analyst consensus estimate of $0.17, with a revenue of $114.2 million.
• Several institutional investors have increased their holdings in Brandywine Realty Trust, with Allspring Global Investments Holdings LLC raising its stake by 42.2% during the same quarter.

Goldman Sachs Group Inc. decreased its holdings in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,021,378 shares of the real estate investment trust's stock after selling 64,179 shares during the quarter. Goldman Sachs Group Inc. owned about 0.59% of Brandywine Realty Trust worth $4,555,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in BDN. Allspring Global Investments Holdings LLC grew its holdings in shares of Brandywine Realty Trust by 42.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 950,179 shares of the real estate investment trust's stock worth $4,238,000 after purchasing an additional 282,031 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in Brandywine Realty Trust by 119.7% in the first quarter. Concurrent Investment Advisors LLC now owns 55,105 shares of the real estate investment trust's stock valued at $246,000 after purchasing an additional 30,028 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in Brandywine Realty Trust by 89.7% during 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 buying an additional 11,684 shares during the period. Nuveen Asset Management LLC raised its holdings in shares of Brandywine Realty Trust by 39.0% during the fourth quarter. Nuveen Asset Management LLC now owns 673,737 shares of the real estate investment trust's stock worth $3,773,000 after acquiring an additional 189,143 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new position in Brandywine Realty Trust during the 1st quarter worth approximately $71,000. Institutional investors own 87.27% of the company's stock.

Brandywine Realty Trust Price Performance

Shares of NYSE BDN opened at $4.47 on Thursday. The stock has a market cap of $775.57 million, a price-to-earnings ratio of -2.38 and a beta of 1.46. 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 has a fifty-two week low of $3.41 and a fifty-two week high of $6.54. The firm's 50-day simple moving average is $4.18 and its 200 day simple moving average is $4.22.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last issued its quarterly earnings results 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). The business had revenue of $114.20 million for the quarter, compared to analysts' expectations of $120.66 million. Brandywine Realty Trust had a negative net margin of 65.33% and a negative return on equity of 32.12%. Brandywine Realty Trust has set its FY 2025 guidance at 0.600-0.660 EPS. As a group, research analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on BDN. Wall Street Zen upgraded Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Truist Financial lowered shares of Brandywine Realty Trust from a "buy" rating to a "hold" rating and decreased their target price for the company from $5.00 to $4.00 in a report on Tuesday. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Brandywine Realty Trust currently has an average rating of "Hold" and an average price target of $4.50.

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.

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