KG&L Capital Management LLC Sells 20,075 Shares of Brandywine Realty Trust (NYSE:BDN)

KG&L Capital Management LLC lowered its stake in Brandywine Realty Trust (NYSE:BDN) by 57.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,672 shares of the real estate investment trust’s stock after selling 20,075 shares during the quarter. KG&L Capital Management LLC’s holdings in Brandywine Realty Trust were worth $66,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in BDN. Vestor Capital LLC increased its stake in Brandywine Realty Trust by 76.6% in the 4th quarter. Vestor Capital LLC now owns 575,187 shares of the real estate investment trust’s stock valued at $3,106,000 after buying an additional 249,447 shares during the last quarter. Vanguard Group Inc. raised its position in Brandywine Realty Trust by 2.4% during 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 acquiring an additional 651,299 shares in the last quarter. Congress Asset Management Co. MA lifted its stake in Brandywine Realty Trust by 228.2% in the fourth quarter. Congress Asset Management Co. MA now owns 657,829 shares of the real estate investment trust’s stock valued at $3,552,000 after acquiring an additional 457,424 shares during the last quarter. Swedbank AB bought a new position in shares of Brandywine Realty Trust in the 1st quarter valued at about $637,000. Finally, Norges Bank bought a new stake in shares of Brandywine Realty Trust in the 4th quarter valued at about $6,610,000. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

Shares of BDN stock traded down $0.03 during midday trading on Thursday, hitting $5.11. 227,962 shares of the company were exchanged, compared to its average volume of 1,796,370. Brandywine Realty Trust has a 52 week low of $3.62 and a 52 week high of $5.67. The firm has a market capitalization of $880.30 million, a P/E ratio of -4.22 and a beta of 1.33. The firm’s 50 day moving average price is $4.70 and its two-hundred day moving average price is $4.54. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.21 and a current ratio of 2.07.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.05). Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The company had revenue of $125.30 million for the quarter, compared to analyst estimates of $119.47 million. During the same quarter last year, the business earned $0.29 earnings per share. The company’s revenue was down .5% on a year-over-year basis. As a group, equities research analysts anticipate that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. Evercore ISI raised their price objective on Brandywine Realty Trust from $5.00 to $5.50 and gave the company an “in-line” rating in a research report on Friday, August 16th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.75.

Brandywine Realty Trust Company 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.