Northern Trust Corp Trims Holdings in Brandywine Realty Trust $BDN

Key Points

• Northern Trust Corp reduced its holdings in Brandywine Realty Trust by 6.3%, now owning about 1.36% of the company after selling 156,869 shares, valued at approximately $10.5 million.
• Brandywine Realty Trust reported lower-than-expected earnings with an EPS of $0.15 for the quarter, missing estimates by $0.02, and a negative net margin of 65.33%.
• Brandywine Realty Trust received a rating upgrade from a "sell" to a "hold" by Wall Street Zen, with a consensus price target of $5.00 for the stock.

Northern Trust Corp trimmed its position in Brandywine Realty Trust (NYSE:BDN - Free Report) by 6.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,344,929 shares of the real estate investment trust's stock after selling 156,869 shares during the period. Northern Trust Corp owned about 1.36% of Brandywine Realty Trust worth $10,458,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC purchased a new position in Brandywine Realty Trust in the 1st quarter valued at about $27,000. Breakthru Advisory Services LLC purchased a new position in Brandywine Realty Trust in the 4th quarter valued at about $56,000. US Bancorp DE lifted its holdings in Brandywine Realty Trust by 135.0% in the 1st quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 7,624 shares in the last quarter. Tidal Investments LLC purchased a new position in Brandywine Realty Trust in the 4th quarter valued at about $60,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Brandywine Realty Trust in the 1st quarter valued at about $71,000. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Brandywine Realty Trust Trading Up 1.3%

NYSE BDN opened at $4.37 on Friday. Brandywine Realty Trust has a one year low of $3.41 and a one year high of $6.54. The company's 50 day moving average price is $4.13 and its 200 day moving average price is $4.24. The company has a debt-to-equity ratio of 2.61, a quick ratio of 2.97 and a current ratio of 2.97. The firm has a market capitalization of $758.20 million, a price-to-earnings ratio of -2.32 and a beta of 1.46.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.15 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 during the quarter, compared to analysts' expectations of $120.66 million. Brandywine Realty Trust has set its FY 2025 guidance at 0.600-0.660 EPS. On average, sell-side analysts predict that Brandywine Realty Trust will post 0.66 EPS for the current year.

Wall Street Analyst Weigh In

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. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, 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.

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