DekaBank Deutsche Girozentrale Purchases 35,495 Shares of Brandywine Realty Trust (NYSE:BDN)

DekaBank Deutsche Girozentrale lifted its position in Brandywine Realty Trust (NYSE:BDN) by 79.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 80,395 shares of the real estate investment trust’s stock after acquiring an additional 35,495 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Brandywine Realty Trust were worth $432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC bought a new position in Brandywine Realty Trust during the fourth quarter valued at approximately $1,570,000. Asset Management One Co. Ltd. lifted its position in Brandywine Realty Trust by 2.6% during 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 purchasing an additional 6,829 shares during the period. SG Americas Securities LLC lifted its position in Brandywine Realty Trust by 3.0% during the fourth quarter. SG Americas Securities LLC now owns 113,149 shares of the real estate investment trust’s stock valued at $611,000 after purchasing an additional 3,263 shares during the period. Scharf Investments LLC bought a new position in Brandywine Realty Trust during the fourth quarter valued at approximately $77,000. Finally, Public Employees Retirement System of Ohio lifted its position in Brandywine Realty Trust by 8.2% during the third quarter. Public Employees Retirement System of Ohio now owns 256,856 shares of the real estate investment trust’s stock valued at $1,166,000 after purchasing an additional 19,556 shares during the period. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Down 1.9 %

BDN opened at $4.28 on Tuesday. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.62. Brandywine Realty Trust has a 1-year low of $3.42 and a 1-year high of $5.67. The company has a market capitalization of $736.45 million, a PE ratio of -3.72 and a beta of 1.27. The firm’s 50 day simple moving average is $4.35 and its two-hundred day simple moving average is $4.52.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be given a $0.15 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $0.60 annualized dividend and a yield of 14.04%. Brandywine Realty Trust’s payout ratio is presently -52.17%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial lowered their price objective on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a research report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brandywine Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $5.50 price objective on the stock. Finally, StockNews.com downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.