Allianz Asset Management GmbH Buys 439,339 Shares of Brandywine Realty Trust $BDN

Allianz Asset Management GmbH raised its position in shares of Brandywine Realty Trust (NYSE:BDN) by 116.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 815,112 shares of the real estate investment trust’s stock after purchasing an additional 439,339 shares during the quarter. Allianz Asset Management GmbH owned 0.47% of Brandywine Realty Trust worth $3,399,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BDN. Amundi raised its position in Brandywine Realty Trust by 2.2% in the 1st quarter. Amundi now owns 176,372 shares of the real estate investment trust’s stock worth $787,000 after buying an additional 3,794 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Brandywine Realty Trust by 11.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,274,556 shares of the real estate investment trust’s stock valued at $5,685,000 after acquiring an additional 130,811 shares during the last quarter. Strs Ohio purchased a new position in Brandywine Realty Trust in the first quarter worth about $136,000. Janney Montgomery Scott LLC grew its stake in shares of Brandywine Realty Trust by 55.9% during the 2nd quarter. Janney Montgomery Scott LLC now owns 137,415 shares of the real estate investment trust’s stock valued at $590,000 after purchasing an additional 49,263 shares during the period. Finally, Truist Financial Corp increased its position in shares of Brandywine Realty Trust by 25.2% during the 2nd quarter. Truist Financial Corp now owns 15,548 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 3,134 shares during the last quarter. 87.27% of the stock is owned by institutional investors.

Brandywine Realty Trust Trading Down 3.6%

BDN stock opened at $3.06 on Thursday. The firm has a fifty day moving average price of $3.00 and a 200 day moving average price of $3.58. Brandywine Realty Trust has a fifty-two week low of $2.74 and a fifty-two week high of $5.09. The firm has a market cap of $532.21 million, a PE ratio of -2.97 and a beta of 1.29. The company has a debt-to-equity ratio of 3.20, a quick ratio of 2.14 and a current ratio of 1.86.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 22nd. Investors of record on Wednesday, January 7th were issued a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, January 7th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.4%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -31.07%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup reissued a “sell” rating on shares of Brandywine Realty Trust in a report on Tuesday, January 27th. KeyCorp downgraded Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a research note on Thursday, December 4th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of Brandywine Realty Trust in a report on Monday, November 24th. Wall Street Zen downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, February 7th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $4.00.

Brandywine Realty Trust Profile

Brandywine Realty Trust (NYSE: BDN) is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high‐quality, transit‐oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live‐work‐play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.