Brandywine Realty Trust (NYSE:BDN) Holdings Cut by AQR Capital Management LLC

AQR Capital Management LLC reduced its stake in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 15.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,005,869 shares of the real estate investment trust's stock after selling 183,003 shares during the quarter. AQR Capital Management LLC owned 0.58% of Brandywine Realty Trust worth $4,466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Brandywine Realty Trust by 2.4% in the first quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust's stock worth $135,747,000 after buying an additional 651,299 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Brandywine Realty Trust by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust's stock worth $11,847,000 after acquiring an additional 91,852 shares during the period. Bank of New York Mellon Corp raised its stake in Brandywine Realty Trust by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,752,578 shares of the real estate investment trust's stock valued at $7,852,000 after buying an additional 8,884 shares during the last quarter. Congress Asset Management Co. MA boosted its stake in shares of Brandywine Realty Trust by 1.1% in the 1st quarter. Congress Asset Management Co. MA now owns 664,750 shares of the real estate investment trust's stock worth $3,191,000 after buying an additional 6,921 shares during the last quarter. Finally, LDR Capital Management LLC increased its position in Brandywine Realty Trust by 15.1% during the second quarter. LDR Capital Management LLC now owns 621,627 shares of the real estate investment trust's stock valued at $2,785,000 after acquiring an additional 81,600 shares during the last quarter. Institutional investors own 87.27% of the company's stock.

Brandywine Realty Trust Stock Up 1.1 %

Shares of Brandywine Realty Trust stock traded up $0.06 during trading on Friday, hitting $5.73. 2,839,912 shares of the stock traded hands, compared to its average volume of 1,831,417. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73. The firm has a market cap of $987.11 million, a P/E ratio of -4.70 and a beta of 1.33. The stock's fifty day simple moving average is $5.17 and its 200 day simple moving average is $4.78. Brandywine Realty Trust has a 52-week low of $3.62 and a 52-week high of $5.86.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.05). Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The business had revenue of $125.30 million during the quarter, compared to analysts' expectations of $119.47 million. During the same quarter in the prior year, the firm earned $0.29 EPS. Brandywine Realty Trust's revenue for the quarter was down .5% on a year-over-year basis. On average, 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 will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 10.47%. The ex-dividend date is Wednesday, October 9th. Brandywine Realty Trust's dividend payout ratio (DPR) is -49.18%.

Analysts Set New Price Targets

Several research firms recently weighed in on BDN. Evercore ISI lifted their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an "in-line" rating in a research report on Monday, September 16th. StockNews.com raised shares of Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, July 25th.

Brandywine Realty Trust 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.