Brandywine Realty Trust (NYSE:BDN) Holdings Lowered by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its position in Brandywine Realty Trust (NYSE:BDN) by 18.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,216,839 shares of the real estate investment trust’s stock after selling 268,127 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Brandywine Realty Trust were worth $6,571,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. DekaBank Deutsche Girozentrale lifted its position in shares of Brandywine Realty Trust by 79.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 80,395 shares of the real estate investment trust’s stock worth $432,000 after buying an additional 35,495 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Brandywine Realty Trust in the fourth quarter worth $1,570,000. Asset Management One Co. Ltd. lifted its stake in Brandywine Realty Trust by 2.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 265,773 shares of the real estate investment trust’s stock valued at $1,462,000 after acquiring an additional 6,829 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of Brandywine Realty Trust by 3.0% during the 4th quarter. SG Americas Securities LLC now owns 113,149 shares of the real estate investment trust’s stock worth $611,000 after buying an additional 3,263 shares during the last quarter. Finally, Scharf Investments LLC bought a new position in Brandywine Realty Trust during the fourth quarter worth about $77,000. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Trading Down 2.9 %

Shares of Brandywine Realty Trust stock opened at $4.36 on Monday. Brandywine Realty Trust has a 12-month low of $3.42 and a 12-month high of $5.67. The company has a market cap of $751.10 million, a price-to-earnings ratio of -3.79 and a beta of 1.27. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.62. The company’s 50-day moving average price is $4.35 and its 200-day moving average price is $4.52.

Brandywine Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 13.76%. The ex-dividend date of this dividend is Wednesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is -52.17%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on BDN shares. StockNews.com lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Truist Financial decreased their price target on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brandywine Realty Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $5.50 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.63.

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.