Sheets Smith Wealth Management Buys 3,762 Shares of Brandywine Realty Trust $BDN

Sheets Smith Wealth Management raised its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 7.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 54,391 shares of the real estate investment trust’s stock after purchasing an additional 3,762 shares during the period. Sheets Smith Wealth Management’s holdings in Brandywine Realty Trust were worth $233,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Signaturefd LLC bought a new position in shares of Brandywine Realty Trust in the first quarter worth about $27,000. US Bancorp DE boosted its stake in shares of Brandywine Realty Trust by 135.0% in the first quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 7,624 shares during the period. Tidal Investments LLC bought a new position in shares of Brandywine Realty Trust in the fourth quarter worth about $60,000. Oppenheimer Asset Management Inc. bought a new position in shares of Brandywine Realty Trust in the first quarter worth about $71,000. Finally, Private Advisor Group LLC boosted its stake in shares of Brandywine Realty Trust by 48.3% in the first quarter. Private Advisor Group LLC now owns 16,499 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 5,370 shares during the period. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Price Performance

NYSE:BDN opened at $4.42 on Friday. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $766.89 million, a P/E ratio of -2.35 and a beta of 1.46. Brandywine Realty Trust has a 12 month low of $3.41 and a 12 month high of $6.54. The business’s 50-day moving average is $4.20 and its 200 day moving average is $4.21.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Brandywine Realty Trust had a negative net margin of 65.33% and a negative return on equity of 32.12%. The company had revenue of $114.20 million for the quarter, compared to analysts’ expectations of $120.66 million. Brandywine Realty Trust has set its FY 2025 guidance at 0.600-0.660 EPS. On average, equities research analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BDN has been the subject of a number of recent analyst reports. Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Truist Financial downgraded Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the stock from $5.00 to $4.00 in a research report on Tuesday, September 16th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.50.

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.