Mirae Asset Global Investments Co. Ltd. Lowers Position in Brandywine Realty Trust (NYSE:BDN)

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of Brandywine Realty Trust (NYSE:BDN - Free Report) by 18.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,216,839 shares of the real estate investment trust's stock after selling 268,127 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.71% of Brandywine Realty Trust worth $6,571,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale raised its holdings in Brandywine Realty Trust by 79.1% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 80,395 shares of the real estate investment trust's stock worth $432,000 after purchasing an additional 35,495 shares during the last quarter. International Assets Investment Management LLC bought a new stake in shares of Brandywine Realty Trust in the 4th quarter valued at about $1,570,000. Asset Management One Co. Ltd. increased its stake in shares of Brandywine Realty Trust by 2.6% in the 4th quarter. Asset Management One Co. Ltd. now owns 265,773 shares of the real estate investment trust's stock valued at $1,462,000 after acquiring an additional 6,829 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Brandywine Realty Trust by 3.0% in the 4th quarter. SG Americas Securities LLC now owns 113,149 shares of the real estate investment trust's stock valued at $611,000 after acquiring an additional 3,263 shares during the last quarter. Finally, Scharf Investments LLC bought a new stake in shares of Brandywine Realty Trust in the 4th quarter valued at about $77,000. 87.27% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. StockNews.com cut Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, January 30th. Truist Financial decreased their price target on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a "buy" rating for the company in a research note on Tuesday, February 13th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Brandywine Realty Trust in a research note on Tuesday, January 30th. They set a "hold" rating and a $5.50 price target for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $5.63.

Brandywine Realty Trust Stock Down 1.9 %

Shares of NYSE BDN traded down $0.08 during trading hours on Monday, hitting $4.28. The company had a trading volume of 1,585,749 shares, compared to its average volume of 2,327,481. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.62. Brandywine Realty Trust has a 1-year low of $3.42 and a 1-year high of $5.67. The firm's 50 day moving average is $4.35 and its 200-day moving average is $4.52.

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 14.04%. The ex-dividend date is Wednesday, April 3rd. Brandywine Realty Trust's payout ratio is presently -52.17%.

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.