Brandywine Realty Trust $BDN Stake Lessened by Northern Trust Corp

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 lowered its stake in Brandywine Realty Trust (NYSE:BDN - Free Report) by 6.3% in the 1st quarter, according to its most recent filing with the SEC. The fund 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 1.36% of Brandywine Realty Trust worth $10,458,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Invesco Ltd. increased its position in shares of Brandywine Realty Trust by 24.1% in the 1st quarter. Invesco Ltd. now owns 3,488,677 shares of the real estate investment trust's stock worth $15,559,000 after purchasing an additional 676,477 shares during the last quarter. Millennium Management LLC grew its position in shares of Brandywine Realty Trust by 91.2% during the 4th quarter. Millennium Management LLC now owns 2,644,898 shares of the real estate investment trust's stock valued at $14,811,000 after buying an additional 1,261,752 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Brandywine Realty Trust by 9.9% during the 4th 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 buying an additional 221,039 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Brandywine Realty Trust by 22.6% during 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 buying an additional 257,171 shares during the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Brandywine Realty Trust during the 4th quarter valued at about $6,848,000. Institutional investors own 87.27% of the company's stock.

Brandywine Realty Trust Stock Performance

NYSE BDN traded up $0.13 on Thursday, hitting $4.51. The stock had a trading volume of 1,901,560 shares, compared to its average volume of 1,940,375. Brandywine Realty Trust has a one year low of $3.41 and a one year high of $6.54. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 2.61. The stock has a market cap of $783.39 million, a price-to-earnings ratio of -2.40 and a beta of 1.46. The company's 50-day moving average is $4.15 and its two-hundred day moving average is $4.23.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its 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 return on equity of 32.12% and a negative net margin of 65.33%.The firm had revenue of $114.20 million during the quarter, compared to the consensus estimate of $120.66 million. Brandywine Realty Trust has set its FY 2025 guidance at 0.600-0.660 EPS. On average, analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

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 report on Saturday, July 26th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold" and an average 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.