Bleakley Financial Group LLC Invests $83,000 in Brandywine Realty Trust (NYSE:BDN)

Bleakley Financial Group LLC bought a new position in shares of Brandywine Realty Trust (NYSE:BDN) during the 4th quarter, HoldingsChannel reports. The fund bought 15,446 shares of the real estate investment trust’s stock, valued at approximately $83,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Nisa Investment Advisors LLC raised its position in shares of Brandywine Realty Trust by 6.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 93,939 shares of the real estate investment trust’s stock valued at $507,000 after buying an additional 5,732 shares during the period. DekaBank Deutsche Girozentrale raised 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 valued at $432,000 after buying an additional 35,495 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Brandywine Realty Trust during the 4th quarter valued at approximately $1,570,000. Asset Management One Co. Ltd. raised its position in shares of Brandywine Realty Trust by 2.6% during the 4th 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 buying an additional 6,829 shares during the period. Finally, SG Americas Securities LLC raised its position 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 valued at $611,000 after buying an additional 3,263 shares during the period. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Brandywine Realty Trust Stock Down 1.4 %

Shares of NYSE BDN opened at $4.22 on Wednesday. Brandywine Realty Trust has a 52-week low of $3.42 and a 52-week high of $5.67. The business’s 50 day moving average is $4.35 and its two-hundred day moving average is $4.52. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.62. The firm has a market cap of $726.98 million, a price-to-earnings ratio of -3.67 and a beta of 1.27.

Brandywine Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.22%. The ex-dividend date of this dividend is Wednesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio is currently -52.17%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BDN shares. Deutsche Bank Aktiengesellschaft started 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 target on the stock. Truist Financial cut their target price on 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. Finally, StockNews.com lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $5.63.

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.