Verus Financial Partners Inc. Raises Stock Position in Brandywine Realty Trust $BDN

Key Points

• Verus Financial Partners Inc. increased its stake in Brandywine Realty Trust by 28.8% in Q2, acquiring over 61,000 additional shares, bringing its total ownership to about $1.13 million.
• Brandywine Realty Trust reported a quarterly earnings miss of $0.15 per share, falling short of analyst estimates of $0.17, and is projecting FY 2025 EPS guidance between 0.600-0.660.
• The company has announced a quarterly dividend of $0.08, maintaining an annualized dividend of $0.32 which results in a yield of 7.7%, despite a negative payout ratio of -31.91%.

Verus Financial Partners Inc. lifted its stake in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 28.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 273,349 shares of the real estate investment trust's stock after buying an additional 61,094 shares during the quarter. Verus Financial Partners Inc. owned about 0.16% of Brandywine Realty Trust worth $1,134,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Signaturefd LLC purchased a new position in Brandywine Realty Trust during the 1st quarter worth approximately $27,000. US Bancorp DE grew its stake in Brandywine Realty Trust by 135.0% during the 1st 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 during the last quarter. Truist Financial Corp grew its stake in Brandywine Realty Trust by 25.2% during the 2nd quarter. Truist Financial Corp now owns 15,548 shares of the real estate investment trust's stock worth $67,000 after buying an additional 3,134 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Brandywine Realty Trust during the 1st quarter worth approximately $71,000. Finally, Private Advisor Group LLC grew its stake in Brandywine Realty Trust by 48.3% during the 1st quarter. Private Advisor Group LLC now owns 16,499 shares of the real estate investment trust's stock worth $74,000 after buying an additional 5,370 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company's stock.

Brandywine Realty Trust Stock Down 0.8%

Brandywine Realty Trust stock opened at $4.15 on Friday. Brandywine Realty Trust has a twelve month low of $3.41 and a twelve month high of $6.54. The stock has a 50 day moving average of $4.20 and a two-hundred day moving average of $4.20. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 2.61. The stock has a market capitalization of $719.99 million, a price-to-earnings ratio of -2.20 and a beta of 1.45.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates 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 company had revenue of $114.20 million for the quarter, compared to analyst estimates of $120.66 million. Brandywine Realty Trust has set its FY 2025 guidance at 0.600-0.660 EPS. As a group, research analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.08 dividend. The ex-dividend date is Thursday, October 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 7.7%. Brandywine Realty Trust's payout ratio is -31.91%.

Analysts Set New Price Targets

BDN has been the topic of a number of research reports. Truist Financial downgraded Brandywine Realty Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from $5.00 to $4.00 in a research note on Tuesday, September 16th. Evercore ISI raised their price target on Brandywine Realty Trust from $4.50 to $5.00 and gave the stock an "in-line" rating in a research note on Monday. Finally, Wall Street Zen upgraded Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Brandywine Realty Trust has an average rating of "Hold" and a consensus price target of $4.50.

Brandywine Realty Trust Profile

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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