DekaBank Deutsche Girozentrale Cuts Stock Holdings in Brandywine Realty Trust $BDN

DekaBank Deutsche Girozentrale lowered its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 24.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,900 shares of the real estate investment trust’s stock after selling 14,695 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Brandywine Realty Trust were worth $188,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC increased its position in shares of Brandywine Realty Trust by 42.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 950,179 shares of the real estate investment trust’s stock worth $4,238,000 after acquiring an additional 282,031 shares during the period. Concurrent Investment Advisors LLC increased its position in shares of Brandywine Realty Trust by 119.7% during the first quarter. Concurrent Investment Advisors LLC now owns 55,105 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 30,028 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Brandywine Realty Trust by 89.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,714 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 11,684 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Brandywine Realty Trust in the first quarter valued at $71,000. Finally, American Century Companies Inc. increased its holdings in Brandywine Realty Trust by 54.2% in the first quarter. American Century Companies Inc. now owns 88,406 shares of the real estate investment trust’s stock valued at $394,000 after buying an additional 31,072 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BDN shares. Truist Financial lowered Brandywine Realty Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $5.00 to $4.00 in a report on Tuesday, September 16th. Wall Street Zen lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday. Evercore ISI increased their target price on Brandywine Realty Trust from $4.50 to $5.00 and gave the company an “in-line” rating in a report on Monday, September 29th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Friday. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $4.50.

Brandywine Realty Trust Stock Performance

Shares of BDN stock opened at $3.70 on Monday. The stock’s 50-day moving average is $4.13 and its two-hundred day moving average is $4.14. The firm has a market cap of $641.82 million, a price-to-earnings ratio of -3.45 and a beta of 1.45. Brandywine Realty Trust has a 1 year low of $3.41 and a 1 year high of $5.90. The company has a debt-to-equity ratio of 2.68, a quick ratio of 2.97 and a current ratio of 2.14.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Wednesday, October 22nd. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm had revenue of $121.42 million for the quarter, compared to analysts’ expectations of $119.11 million. Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%. Brandywine Realty Trust has set its FY 2025 guidance at 0.510-0.530 EPS. Analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were issued a dividend of $0.08 per share. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $0.32 annualized dividend and a dividend yield of 8.7%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -29.91%.

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.