Brandywine Realty Trust (NYSE:BDN) Stock Holdings Lifted by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lifted its holdings in Brandywine Realty Trust (NYSE:BDN) by 16.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 577,946 shares of the real estate investment trust’s stock after purchasing an additional 81,249 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Brandywine Realty Trust were worth $3,121,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its stake in Brandywine Realty Trust by 9.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,672,905 shares of the real estate investment trust’s stock valued at $21,215,000 after buying an additional 389,373 shares during the period. Asset Management One Co. Ltd. increased its stake in Brandywine Realty Trust by 2.6% during the 4th quarter. Asset Management One Co. Ltd. now owns 265,773 shares of the real estate investment trust’s stock valued at $1,462,000 after buying an additional 6,829 shares during the period. Bramshill Investments LLC increased its stake in Brandywine Realty Trust by 159.8% during the 3rd quarter. Bramshill Investments LLC now owns 280,655 shares of the real estate investment trust’s stock valued at $1,274,000 after buying an additional 172,632 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Brandywine Realty Trust by 1,832.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,484,966 shares of the real estate investment trust’s stock valued at $6,742,000 after buying an additional 1,408,138 shares during the period. Finally, Algert Global LLC increased its stake in Brandywine Realty Trust by 21.8% during the 3rd quarter. Algert Global LLC now owns 921,443 shares of the real estate investment trust’s stock valued at $4,183,000 after buying an additional 165,090 shares during the period. 87.27% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BDN has been the topic of several research analyst reports. Truist Financial lowered their target price on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brandywine Realty Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $5.50 target price on the stock. Finally, StockNews.com cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.63.

Brandywine Realty Trust Stock Performance

Shares of BDN opened at $4.47 on Friday. Brandywine Realty Trust has a one year low of $3.42 and a one year high of $5.67. The company has a 50-day moving average of $4.40 and a two-hundred day moving average of $4.54. The stock has a market cap of $770.05 million, a price-to-earnings ratio of -3.66 and a beta of 1.27. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.21 and a quick ratio of 2.15.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Thursday, April 18th. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.34). Brandywine Realty Trust had a negative return on equity of 14.62% and a negative net margin of 40.61%. The firm had revenue of $126.50 million during the quarter, compared to analyst estimates of $122.83 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, equities research analysts expect that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 13.42%. The ex-dividend date was Wednesday, April 3rd. Brandywine Realty Trust’s payout ratio is -49.18%.

Brandywine Realty Trust Company 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.