IFM Investors Pty Ltd reduced its holdings in Brandywine Realty Trust (NYSE:BDN – Free Report) by 20.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,213 shares of the real estate investment trust’s stock after selling 6,816 shares during the period. IFM Investors Pty Ltd’s holdings in Brandywine Realty Trust were worth $117,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC bought a new position in Brandywine Realty Trust during the first quarter worth about $27,000. Tidal Investments LLC acquired a new stake in shares of Brandywine Realty Trust in the 4th quarter valued at approximately $60,000. US Bancorp DE raised its position in shares of Brandywine Realty Trust by 135.0% in the 1st quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 7,624 shares during the period. Quantinno Capital Management LP raised its position in shares of Brandywine Realty Trust by 37.7% in the 4th quarter. Quantinno Capital Management LP now owns 15,770 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 4,318 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Brandywine Realty Trust in the 1st quarter valued at approximately $71,000. Institutional investors own 87.27% of the company’s stock.
Brandywine Realty Trust Trading Up 1.0%
BDN stock opened at $4.53 on Wednesday. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.97 and a quick ratio of 2.97. The company has a fifty day moving average price of $4.19 and a two-hundred day moving average price of $4.21. Brandywine Realty Trust has a one year low of $3.41 and a one year high of $6.54. The stock has a market cap of $785.99 million, a price-to-earnings ratio of -2.41 and a beta of 1.46.
Analysts Set New Price Targets
Several equities research analysts have commented on the stock. Truist Financial downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and lowered their target price for the company from $5.00 to $4.00 in a research note on Tuesday, September 16th. Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $4.50.
Check Out Our Latest Research Report on Brandywine Realty Trust
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.
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