Public Sector Pension Investment Board Raises Holdings in Brandywine Realty Trust $BDN

Key Points

• The Public Sector Pension Investment Board increased its holdings in Brandywine Realty Trust by 26.9%, owning 547,540 shares valued at approximately $2.44 million as of the latest SEC filing.
• Brandywine Realty Trust reported $0.15 EPS for the quarter, missing estimates, with revenues of $114.20 million compared to expected revenues of $120.66 million.
• Analysts upgraded Brandywine Realty Trust from a "sell" to a "hold" rating, with an average price target of $5.00.

Public Sector Pension Investment Board increased its stake in Brandywine Realty Trust (NYSE:BDN - Free Report) by 26.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 547,540 shares of the real estate investment trust's stock after buying an additional 116,134 shares during the quarter. Public Sector Pension Investment Board owned about 0.32% of Brandywine Realty Trust worth $2,442,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in BDN. Signaturefd LLC bought a new stake in shares of Brandywine Realty Trust during the first quarter worth $27,000. Breakthru Advisory Services LLC bought a new stake in shares of Brandywine Realty Trust in the fourth quarter valued at about $56,000. US Bancorp DE raised its holdings in shares of Brandywine Realty Trust by 135.0% in the first quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust's stock valued at $59,000 after acquiring an additional 7,624 shares in the last quarter. Tidal Investments LLC bought a new stake in shares of Brandywine Realty Trust in the fourth quarter valued at about $60,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Brandywine Realty Trust in the first quarter valued at about $71,000. 87.27% of the stock is currently owned by institutional investors.

Brandywine Realty Trust Stock Up 3.4%

BDN traded up $0.1350 on Friday, hitting $4.1050. The company had a trading volume of 4,929,169 shares, compared to its average volume of 2,703,859. The stock has a fifty day moving average price of $4.15 and a 200-day moving average price of $4.28. Brandywine Realty Trust has a 12-month low of $3.41 and a 12-month high of $6.54. 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 stock has a market capitalization of $713.04 million, a price-to-earnings ratio of -2.18 and a beta of 1.43.

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 earnings per share (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 company 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. Analysts predict that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Brandywine Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price 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.