Vanguard Group Inc. Sells 523,613 Shares of Brandywine Realty Trust $BDN

Key Points

• Vanguard Group sold 523,613 shares of Brandywine Realty Trust, trimming its stake by 2.0% to 25,932,513 shares (14.93% ownership) valued at about $108.1 million at quarter-end.
• Analyst sentiment is weak: three Hold and three Sell ratings yield a consensus rating of "Reduce" with a consensus target price of $4.00 and several recent downgrades and price-target cuts.
• Brandywine declared a quarterly dividend of $0.08 ($0.32 annual) implying a roughly 10.0% yield (ex-dividend April 2, payable April 16), though the payout ratio is negative at -31.07%.

Vanguard Group Inc. lowered its stake in Brandywine Realty Trust (NYSE:BDN - Free Report) by 2.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,932,513 shares of the real estate investment trust's stock after selling 523,613 shares during the period. Vanguard Group Inc. owned 14.93% of Brandywine Realty Trust worth $108,139,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of BDN. Kawa Capital Management Inc raised its position in shares of Brandywine Realty Trust by 12.1% during the third quarter. Kawa Capital Management Inc now owns 3,923,145 shares of the real estate investment trust's stock worth $16,360,000 after acquiring an additional 423,145 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in Brandywine Realty Trust by 72.7% in the third quarter. Wolverine Asset Management LLC now owns 1,837,528 shares of the real estate investment trust's stock valued at $7,662,000 after acquiring an additional 773,270 shares during the last quarter. Allianz Asset Management GmbH increased its position in Brandywine Realty Trust by 116.9% in the third quarter. Allianz Asset Management GmbH now owns 815,112 shares of the real estate investment trust's stock worth $3,399,000 after purchasing an additional 439,339 shares during the period. Nordea Investment Management AB raised its holdings in Brandywine Realty Trust by 18.6% during the 3rd quarter. Nordea Investment Management AB now owns 1,716,155 shares of the real estate investment trust's stock worth $7,113,000 after purchasing an additional 269,041 shares during the last quarter. Finally, Squarepoint Ops LLC raised its holdings in Brandywine Realty Trust by 501.2% during the 2nd quarter. Squarepoint Ops LLC now owns 243,074 shares of the real estate investment trust's stock worth $1,043,000 after purchasing an additional 202,643 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on BDN shares. KeyCorp lowered shares of Brandywine Realty Trust from an "overweight" rating to a "sector weight" rating in a research note on Thursday, December 4th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Brandywine Realty Trust in a report on Wednesday, January 21st. Citigroup reissued a "sell" rating on shares of Brandywine Realty Trust in a research note on Tuesday, January 27th. Evercore reduced their price target on Brandywine Realty Trust from $5.00 to $4.00 and set an "in-line" rating on the stock in a research report on Friday, November 14th. Finally, Wall Street Zen downgraded Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Saturday, February 7th. Three analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $4.00.

Brandywine Realty Trust Price Performance

Shares of BDN opened at $3.19 on Thursday. The stock has a 50 day simple moving average of $3.05 and a 200 day simple moving average of $3.49. Brandywine Realty Trust has a 52-week low of $2.74 and a 52-week high of $4.81. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.86 and a current ratio of 1.86. The firm has a market capitalization of $554.13 million, a PE ratio of -3.10 and a beta of 1.25.

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 2nd will be given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 10.0%. The ex-dividend date of this dividend is Thursday, April 2nd. Brandywine Realty Trust's payout ratio is currently -31.07%.

About Brandywine Realty Trust

Brandywine Realty Trust NYSE: BDN is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high‐quality, transit‐oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine's portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live‐work‐play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.

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