Mutual of America Capital Management LLC Sells 80,410 Shares of Brandywine Realty Trust (NYSE:BDN)

Mutual of America Capital Management LLC reduced its position in shares of Brandywine Realty Trust (NYSE:BDN) by 72.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,122 shares of the real estate investment trust’s stock after selling 80,410 shares during the period. Mutual of America Capital Management LLC’s holdings in Brandywine Realty Trust were worth $163,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in Brandywine Realty Trust by 9.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,672,905 shares of the real estate investment trust’s stock worth $21,215,000 after purchasing an additional 389,373 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Brandywine Realty Trust by 1,832.8% during the third 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. Algert Global LLC increased its holdings in Brandywine Realty Trust by 21.8% during the third quarter. Algert Global LLC now owns 921,443 shares of the real estate investment trust’s stock worth $4,183,000 after buying an additional 165,090 shares during the last quarter. Moody Aldrich Partners LLC purchased a new stake in Brandywine Realty Trust during the third quarter worth about $2,263,000. Finally, Swiss National Bank raised its position in Brandywine Realty Trust by 1.1% in the third quarter. Swiss National Bank now owns 377,900 shares of the real estate investment trust’s stock worth $1,716,000 after acquiring an additional 4,000 shares during the period. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BDN has been the subject of several research analyst reports. Truist Financial decreased their price target on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on Brandywine Realty Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $5.50 target price for the company. Finally, StockNews.com downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.63.

Brandywine Realty Trust Stock Up 3.0 %

BDN opened at $4.59 on Wednesday. The company has a 50 day moving average of $4.38 and a 200 day moving average of $4.53. The company has a current ratio of 2.21, a quick ratio of 2.15 and a debt-to-equity ratio of 1.69. Brandywine Realty Trust has a 12 month low of $3.42 and a 12 month high of $5.67. The company has a market cap of $789.86 million, a PE ratio of -3.76 and a beta of 1.27.

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

Brandywine Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 13.09%. The ex-dividend date of this dividend was Wednesday, April 3rd. Brandywine Realty Trust’s payout ratio is -49.18%.

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.