Brandywine Realty Trust (NYSE:BDN) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC raised its position in Brandywine Realty Trust (NYSE:BDN) by 6.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 93,939 shares of the real estate investment trust’s stock after purchasing an additional 5,732 shares during the period. Nisa Investment Advisors LLC owned about 0.05% of Brandywine Realty Trust worth $507,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Norges Bank acquired a new stake in shares of Brandywine Realty Trust during the fourth quarter valued at $11,302,000. Millennium Management LLC boosted its stake in shares of Brandywine Realty Trust by 438.5% during the second quarter. Millennium Management LLC now owns 1,992,114 shares of the real estate investment trust’s stock valued at $19,204,000 after acquiring an additional 1,622,170 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Brandywine Realty Trust by 1,832.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,484,966 shares of the real estate investment trust’s stock valued at $6,742,000 after acquiring an additional 1,408,138 shares during the last quarter. State Street Corp boosted its stake in shares of Brandywine Realty Trust by 10.6% during the first quarter. State Street Corp now owns 13,023,191 shares of the real estate investment trust’s stock valued at $184,148,000 after acquiring an additional 1,250,086 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in shares of Brandywine Realty Trust by 243.1% during the fourth quarter. AQR Capital Management LLC now owns 1,683,438 shares of the real estate investment trust’s stock valued at $10,353,000 after acquiring an additional 1,192,736 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Analyst Upgrades and Downgrades

BDN has been the topic of several recent analyst reports. StockNews.com downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft initiated coverage on Brandywine Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $5.50 target price on the stock. Finally, Truist Financial reduced 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Brandywine Realty Trust presently has a consensus rating of “Hold” and an average target price of $5.63.

Brandywine Realty Trust Stock Performance

Shares of NYSE:BDN opened at $4.28 on Thursday. The company has a market cap of $737.32 million, a P/E ratio of -3.72 and a beta of 1.27. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.15 and a current ratio of 2.15. Brandywine Realty Trust has a one year low of $3.42 and a one year high of $5.67. The business’s 50-day simple moving average is $4.36 and its 200 day simple moving average is $4.52.

Brandywine Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 14.02%. Brandywine Realty Trust’s payout ratio is currently -52.17%.

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.