Public Employees Retirement System of Ohio Acquires Shares of 204,409 Brandywine Realty Trust $BDN

Public Employees Retirement System of Ohio bought a new stake in Brandywine Realty Trust (NYSE:BDN) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 204,409 shares of the real estate investment trust’s stock, valued at approximately $648,000. Public Employees Retirement System of Ohio owned approximately 0.12% of Brandywine Realty Trust as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in BDN. Advisory Services Network LLC acquired a new stake in shares of Brandywine Realty Trust during the 3rd quarter worth about $34,000. Essential Partners LLC boosted its position in Brandywine Realty Trust by 497.2% in the first quarter. Essential Partners LLC now owns 10,301 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 8,576 shares in the last quarter. Cibc World Markets Corp acquired a new position in Brandywine Realty Trust in the fourth quarter valued at about $33,000. HB Wealth Management LLC bought a new stake in Brandywine Realty Trust during the first quarter worth about $33,000. Finally, Kovack Advisors Inc. acquired a new stake in shares of Brandywine Realty Trust during the fourth quarter worth approximately $40,000. Institutional investors own 87.27% of the company’s stock.

Wall Street Analysts Forecast Growth

BDN has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, July 15th. Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $3.50.

Brandywine Realty Trust Price Performance

BDN opened at $2.98 on Thursday. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.67 and a quick ratio of 1.67. The stock has a market capitalization of $521.12 million, a P/E ratio of -3.64 and a beta of 1.29. The company’s 50 day simple moving average is $3.11 and its 200-day simple moving average is $3.03. Brandywine Realty Trust has a one year low of $2.47 and a one year high of $4.63.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($0.18) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.18). The firm had revenue of $128.92 million for the quarter, compared to the consensus estimate of $113.04 million. Brandywine Realty Trust had a negative return on equity of 18.52% and a negative net margin of 28.62%.During the same quarter in the prior year, the business earned ($0.51) EPS. Sell-side analysts anticipate that Brandywine Realty Trust will post 0.55 earnings per share for the current fiscal year.

Brandywine Realty Trust Profile

Brandywine Realty Trust (NYSE: BDN) is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high?quality, transit?oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live?work?play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.