MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in Brandywine Realty Trust (NYSE:BDN)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 9.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,449,359 shares of the real estate investment trust's stock after acquiring an additional 221,039 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.42% of Brandywine Realty Trust worth $13,716,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Investment Management LLC purchased a new stake in shares of Brandywine Realty Trust during the 4th quarter valued at $26,000. US Bancorp DE grew its position in Brandywine Realty Trust by 11,198.0% during the fourth quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust's stock valued at $32,000 after buying an additional 5,599 shares during the period. Headlands Technologies LLC increased its holdings in Brandywine Realty Trust by 64.1% during the fourth quarter. Headlands Technologies LLC now owns 6,247 shares of the real estate investment trust's stock worth $35,000 after buying an additional 2,441 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Brandywine Realty Trust by 360.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 8,248 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 6,457 shares during the period. Finally, Sciencast Management LP bought a new stake in Brandywine Realty Trust in the fourth quarter worth about $57,000. Hedge funds and other institutional investors own 87.27% of the company's stock.

Analysts Set New Price Targets

BDN has been the subject of several research analyst reports. Evercore ISI decreased their price target on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating for the company in a research note on Thursday, February 6th. StockNews.com lowered Brandywine Realty Trust from a "hold" rating to a "sell" rating in a report on Thursday, May 1st.

Brandywine Realty Trust Stock Performance

Brandywine Realty Trust stock traded down $0.04 during midday trading on Wednesday, reaching $4.24. The stock had a trading volume of 303,631 shares, compared to its average volume of 2,028,836. The firm has a market capitalization of $732.45 million, a PE ratio of -3.71 and a beta of 1.39. Brandywine Realty Trust has a 12 month low of $3.41 and a 12 month high of $6.54. The company has a quick ratio of 1.74, a current ratio of 2.26 and a debt-to-equity ratio of 2.12. The firm's 50-day moving average price is $4.13 and its 200 day moving average price is $4.87.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $114.43 million during the quarter, compared to analysts' expectations of $119.45 million. Brandywine Realty Trust had a negative return on equity of 16.40% and a negative net margin of 38.46%. As a group, research analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Brandywine Realty Trust

In related news, CEO Gerard H. Sweeney purchased 61,576 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was purchased at an average cost of $4.07 per share, with a total value of $250,614.32. Following the completion of the acquisition, the chief executive officer now directly owns 2,949,092 shares of the company's stock, valued at approximately $12,002,804.44. The trade was a 2.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.30% of the company's stock.

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.