Texas Permanent School Fund Corp lowered its position in shares of Brandywine Realty Trust (NYSE:BDN – Free Report) by 1.7% in the second quarter, Holdings Channel reports. The institutional investor owned 150,479 shares of the real estate investment trust’s stock after selling 2,560 shares during the period. Texas Permanent School Fund Corp’s holdings in Brandywine Realty Trust were worth $700,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Ameritas Advisory Services LLC acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth $44,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth $316,000. Fifth Third Bancorp lifted its holdings in shares of Brandywine Realty Trust by 544.8% during the second quarter. Fifth Third Bancorp now owns 7,396 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 6,249 shares in the last quarter. CWM LLC lifted its holdings in shares of Brandywine Realty Trust by 57.8% during the first quarter. CWM LLC now owns 13,908 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 5,093 shares in the last quarter. Finally, Werba Rubin Papier Wealth Management bought a new position in shares of Brandywine Realty Trust in the second quarter worth $82,000. Institutional investors and hedge funds own 92.53% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on BDN shares. StockNews.com started coverage on Brandywine Realty Trust in a research report on Thursday, October 5th. They issued a “sell” rating on the stock. TheStreet cut Brandywine Realty Trust from a “c” rating to a “d+” rating in a research report on Tuesday, August 1st. KeyCorp started coverage on Brandywine Realty Trust in a research report on Monday, September 11th. They issued an “overweight” rating and a $6.00 price target on the stock. Finally, Evercore ISI decreased their price target on Brandywine Realty Trust from $6.00 to $5.00 in a research report on Monday, October 9th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.94.
Brandywine Realty Trust Stock Performance
Brandywine Realty Trust stock opened at $4.14 on Tuesday. Brandywine Realty Trust has a 12-month low of $3.42 and a 12-month high of $7.25. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 1.41. The business’s 50-day moving average price is $4.19 and its two-hundred day moving average price is $4.38. The stock has a market cap of $711.63 million, a PE ratio of -59.07 and a beta of 1.23.
Brandywine Realty Trust Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 14.51%. The ex-dividend date was Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio is presently -857.14%.
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.
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