Zurcher Kantonalbank Zurich Cantonalbank Cuts Stock Holdings in Brandywine Realty Trust (NYSE:BDN)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Brandywine Realty Trust (NYSE:BDN) by 8.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 60,712 shares of the real estate investment trust’s stock after selling 5,759 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brandywine Realty Trust were worth $328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BDN. Sage Rhino Capital LLC purchased a new position in shares of Brandywine Realty Trust in the third quarter valued at $46,000. NorthRock Partners LLC purchased a new position in shares of Brandywine Realty Trust in the third quarter valued at $54,000. Optas LLC purchased a new stake in Brandywine Realty Trust during the fourth quarter valued at approximately $62,000. MQS Management LLC bought a new stake in shares of Brandywine Realty Trust in the 3rd quarter valued at approximately $67,000. Finally, Scharf Investments LLC purchased a new position in shares of Brandywine Realty Trust in the 4th quarter worth approximately $77,000. Institutional investors own 87.27% of the company’s stock.

Wall Street Analysts Forecast Growth

BDN has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brandywine Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $5.50 price objective on the stock. Truist Financial dropped their price target on Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, February 13th. Finally, StockNews.com downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. One research 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. Based on data from MarketBeat, Brandywine Realty Trust has an average rating of “Hold” and a consensus price target of $5.63.

Brandywine Realty Trust Price Performance

Shares of BDN opened at $4.69 on Friday. The company has a 50 day moving average price of $4.45 and a 200-day moving average price of $4.55. Brandywine Realty Trust has a fifty-two week low of $3.42 and a fifty-two week high of $5.67. The stock has a market capitalization of $807.95 million, a PE ratio of -3.84 and a beta of 1.26. The company has a debt-to-equity ratio of 1.69, a quick ratio of 2.21 and a current ratio of 2.21.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Thursday, April 18th. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.34). The firm had revenue of $126.50 million for 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%. The company’s revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 EPS. Equities analysts predict that Brandywine Realty Trust will post 0.93 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 12.79%. 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.