Brandywine Realty Trust $BDN Position Cut by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. reduced its stake in Brandywine Realty Trust by 8.0%, holding approximately 26.2 million shares valued at $116.98 million at the end of the first quarter.
• Brandywine Realty Trust's recent earnings report revealed earnings per share of $0.15, falling short of estimates, with a negative return on equity of 32.12%.
• Despite the downgrade from "sell" to "hold" by Wall Street analysts, the stock currently holds a consensus target price of $5.00.

Vanguard Group Inc. lowered its stake in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 8.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,228,985 shares of the real estate investment trust's stock after selling 2,274,547 shares during the quarter. Vanguard Group Inc. owned approximately 15.17% of Brandywine Realty Trust worth $116,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Signaturefd LLC acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth approximately $27,000. Breakthru Advisory Services LLC acquired a new stake in shares of Brandywine Realty Trust during the fourth quarter worth approximately $56,000. Tidal Investments LLC acquired a new stake in shares of Brandywine Realty Trust during the fourth quarter worth approximately $60,000. US Bancorp DE grew its position in shares of Brandywine Realty Trust by 135.0% during the first quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust's stock worth $59,000 after buying an additional 7,624 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Brandywine Realty Trust by 479.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,565 shares of the real estate investment trust's stock worth $87,000 after buying an additional 12,879 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company's stock.

Analyst Ratings Changes

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.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.00.

Brandywine Realty Trust Stock Performance

Brandywine Realty Trust stock traded up $0.10 during mid-day trading on Wednesday, reaching $4.22. The company's stock had a trading volume of 2,580,566 shares, compared to its average volume of 2,616,136. The firm has a market cap of $732.15 million, a price-to-earnings ratio of -2.24 and a beta of 1.43. The business has a 50 day moving average price of $4.13 and a 200-day moving average price of $4.27. 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 has a twelve month low of $3.41 and a twelve month high of $6.54.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $120.66 million. Brandywine Realty Trust had a negative return on equity of 32.12% and a negative net margin of 65.33%. Brandywine Realty Trust has set its FY 2025 guidance at 0.600-0.660 EPS. Sell-side analysts predict that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

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.