Brandywine Realty Trust (NYSE:BDN) Trading 5.2% Higher

Brandywine Realty Trust (NYSE:BDN - Get Free Report) shares shot up 5.2% during mid-day trading on Thursday . The stock traded as high as $4.49 and last traded at $4.49. 1,016,115 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 2,338,134 shares. The stock had previously closed at $4.27.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BDN. StockNews.com cut Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft assumed coverage on Brandywine Realty Trust in a research note on Tuesday, January 30th. They issued a "hold" rating and a $5.50 price objective for the company. Finally, Truist Financial reduced their price target on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a "buy" rating on the stock in a report on Tuesday, February 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $5.63.

Brandywine Realty Trust Trading Up 5.2 %

The stock has a market cap of $773.49 million, a P/E ratio of -3.90 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. The stock's fifty day moving average is $4.35 and its 200 day moving average is $4.52.

Brandywine Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 13.36%. The ex-dividend date is Wednesday, April 3rd. Brandywine Realty Trust's payout ratio is -52.17%.

Institutional Trading of Brandywine Realty Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BDN. Charles Schwab Investment Management Inc. raised its position in Brandywine Realty Trust by 9.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,672,905 shares of the real estate investment trust's stock worth $21,215,000 after acquiring an additional 389,373 shares during the period. Bramshill Investments LLC lifted its stake in Brandywine Realty Trust by 159.8% in the 3rd quarter. Bramshill Investments LLC now owns 280,655 shares of the real estate investment trust's stock valued at $1,274,000 after buying an additional 172,632 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Brandywine Realty Trust by 1,832.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,484,966 shares of the real estate investment trust's stock worth $6,742,000 after buying an additional 1,408,138 shares during the last quarter. Algert Global LLC increased its stake in Brandywine Realty Trust by 21.8% during the 3rd quarter. Algert Global LLC now owns 921,443 shares of the real estate investment trust's stock worth $4,183,000 after buying an additional 165,090 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Brandywine Realty Trust by 8.2% in the third quarter. Public Employees Retirement System of Ohio now owns 256,856 shares of the real estate investment trust's stock valued at $1,166,000 after acquiring an additional 19,556 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company's stock.

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.