Acadian Asset Management LLC Sells 80,288 Shares of Brandywine Realty Trust (NYSE:BDN)

Acadian Asset Management LLC decreased its position in Brandywine Realty Trust (NYSE:BDN) by 71.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 31,372 shares of the real estate investment trust’s stock after selling 80,288 shares during the period. Acadian Asset Management LLC’s holdings in Brandywine Realty Trust were worth $145,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Massmutual Trust Co. FSB ADV lifted its stake in Brandywine Realty Trust by 328.9% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 6,374 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 4,888 shares in the last quarter. Fifth Third Bancorp lifted its stake in Brandywine Realty Trust by 544.8% in the 2nd quarter. Fifth Third Bancorp now owns 7,396 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 6,249 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Brandywine Realty Trust in the 1st quarter valued at approximately $44,000. Xponance Inc. bought a new stake in shares of Brandywine Realty Trust during the 2nd quarter worth approximately $47,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Brandywine Realty Trust during the 1st quarter worth approximately $48,000. Institutional investors own 92.53% of the company’s stock.

Brandywine Realty Trust Stock Up 0.2 %

BDN stock opened at $4.15 on Monday. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $714.21 million, a PE ratio of -59.29 and a beta of 1.23. Brandywine Realty Trust has a 1-year low of $3.42 and a 1-year high of $7.25. The business’s 50 day simple moving average is $4.20 and its 200 day simple moving average is $4.37.

Brandywine Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Wednesday, October 4th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.46%. The ex-dividend date was Tuesday, October 3rd. Brandywine Realty Trust’s payout ratio is presently -857.14%.

Wall Street Analysts Forecast Growth

BDN has been the topic of a number of analyst reports. TheStreet cut Brandywine Realty Trust from a “c” rating to a “d+” rating in a research note on Tuesday, August 1st. StockNews.com initiated coverage on Brandywine Realty Trust in a research note on Thursday, October 5th. They set a “sell” rating on the stock. KeyCorp initiated coverage on Brandywine Realty Trust in a research note on Monday, September 11th. They set an “overweight” rating and a $6.00 price objective on the stock. Finally, Evercore ISI dropped their price objective on Brandywine Realty Trust from $6.00 to $5.00 in a research note on Monday, October 9th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.94.

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.