Brandywine Realty Trust (NYSE:BDN) Shares Down 3.3%

Brandywine Realty Trust (NYSE:BDNGet Rating)’s stock price was down 3.3% during trading on Friday . The stock traded as low as $6.11 and last traded at $6.11. Approximately 32,751 shares traded hands during trading, a decline of 98% from the average daily volume of 1,904,687 shares. The stock had previously closed at $6.32.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BDN. Credit Suisse Group dropped their target price on shares of Brandywine Realty Trust to $7.00 in a report on Thursday, October 20th. StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, January 10th. Finally, Citigroup cut shares of Brandywine Realty Trust from a “neutral” rating to a “sell” rating and dropped their target price for the company from $6.50 to $5.00 in a report on Wednesday, December 14th.

Brandywine Realty Trust Price Performance

The company’s 50 day moving average price is $6.38 and its 200-day moving average price is $7.32. The stock has a market cap of $1.08 billion, a P/E ratio of 37.06, a P/E/G ratio of 1.99 and a beta of 1.15. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 1.27.

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 19th. Shareholders of record on Thursday, January 5th were issued a $0.19 dividend. The ex-dividend date was Wednesday, January 4th. This represents a $0.76 annualized dividend and a yield of 12.06%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 447.06%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Asset Management One Co. Ltd. boosted its holdings in shares of Brandywine Realty Trust by 3.6% in the second quarter. Asset Management One Co. Ltd. now owns 266,173 shares of the real estate investment trust’s stock worth $2,565,000 after buying an additional 9,142 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in shares of Brandywine Realty Trust by 38.3% during the third quarter. State of New Jersey Common Pension Fund D now owns 294,272 shares of the real estate investment trust’s stock valued at $1,986,000 after buying an additional 81,565 shares during the last quarter. Pictet Asset Management SA raised its position in shares of Brandywine Realty Trust by 8.9% during the second quarter. Pictet Asset Management SA now owns 68,266 shares of the real estate investment trust’s stock valued at $658,000 after buying an additional 5,598 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Brandywine Realty Trust by 487.4% during the third quarter. Cubist Systematic Strategies LLC now owns 340,426 shares of the real estate investment trust’s stock valued at $2,298,000 after buying an additional 282,475 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its position in shares of Brandywine Realty Trust by 15.8% during the second quarter. Wolverine Asset Management LLC now owns 59,895 shares of the real estate investment trust’s stock valued at $577,000 after buying an additional 8,167 shares during the last quarter. 90.84% of the stock is currently owned by institutional investors.

About Brandywine Realty Trust

(Get Rating)

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, Austin and Washington, DC markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 175 properties and 24.7 million square feet as of December 31, 2020 which excludes assets held for sale.

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