Brandywine Realty Trust $BDN Shares Sold by LSV Asset Management

LSV Asset Management lowered its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 29.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,882,515 shares of the real estate investment trust’s stock after selling 781,588 shares during the quarter. LSV Asset Management’s holdings in Brandywine Realty Trust were worth $5,497,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in BDN. Hotchkis & Wiley Capital Management LLC bought a new stake in Brandywine Realty Trust during the 3rd quarter valued at $6,542,000. Verition Fund Management LLC raised its stake in Brandywine Realty Trust by 2,395.1% during the 3rd quarter. Verition Fund Management LLC now owns 1,280,968 shares of the real estate investment trust’s stock valued at $5,342,000 after acquiring an additional 1,229,628 shares in the last quarter. Invesco Ltd. raised its stake in Brandywine Realty Trust by 30.4% during the 2nd quarter. Invesco Ltd. now owns 4,547,731 shares of the real estate investment trust’s stock valued at $19,510,000 after acquiring an additional 1,059,054 shares in the last quarter. Millennium Management LLC raised its stake in Brandywine Realty Trust by 72.4% during the 3rd quarter. Millennium Management LLC now owns 2,081,421 shares of the real estate investment trust’s stock valued at $8,680,000 after acquiring an additional 874,215 shares in the last quarter. Finally, UBS Group AG raised its stake in Brandywine Realty Trust by 73.0% during the 4th quarter. UBS Group AG now owns 1,849,023 shares of the real estate investment trust’s stock valued at $5,399,000 after acquiring an additional 780,312 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.

Wall Street Analyst Weigh In

BDN has been the topic of a number of research reports. Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 9th. Truist Financial restated a “hold” rating and issued a $3.00 target price (down from $3.50) on shares of Brandywine Realty Trust in a report on Monday, April 27th. Finally, Citigroup reiterated a “sell” rating on shares of Brandywine Realty Trust in a report on Tuesday, January 27th. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $3.50.

Brandywine Realty Trust Price Performance

NYSE BDN opened at $3.01 on Wednesday. Brandywine Realty Trust has a twelve month low of $2.47 and a twelve month high of $4.63. The company has a debt-to-equity ratio of 3.55, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a market capitalization of $522.87 million, a PE ratio of -2.62 and a beta of 1.30. The stock has a 50-day simple moving average of $2.87 and a 200 day simple moving average of $3.03.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Thursday, April 23rd. The real estate investment trust reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.10). Brandywine Realty Trust had a negative net margin of 40.79% and a negative return on equity of 24.45%. The firm had revenue of $127.00 million during the quarter, compared to analyst estimates of $110.27 million. Research analysts anticipate that Brandywine Realty Trust will post 0.56 EPS for the current year.

Brandywine Realty Trust Profile

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.