State of New Jersey Common Pension Fund D Has $1.99 Million Holdings in Brandywine Realty Trust (NYSE:BDN)

State of New Jersey Common Pension Fund D boosted its stake in Brandywine Realty Trust (NYSE:BDNGet Rating) by 38.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 294,272 shares of the real estate investment trust’s stock after purchasing an additional 81,565 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Brandywine Realty Trust were worth $1,986,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Mirabella Financial Services LLP acquired a new stake in shares of Brandywine Realty Trust in the third quarter valued at about $70,000. Corton Capital Inc. acquired a new position in shares of Brandywine Realty Trust in the 2nd quarter worth approximately $98,000. KG&L Capital Management LLC bought a new stake in shares of Brandywine Realty Trust in the 2nd quarter valued at $100,000. Captrust Financial Advisors acquired a new stake in shares of Brandywine Realty Trust during the second quarter worth $103,000. Finally, US Bancorp DE raised its stake in Brandywine Realty Trust by 29.2% during the second quarter. US Bancorp DE now owns 11,250 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 2,543 shares during the last quarter. 90.84% of the stock is owned by institutional investors.

Brandywine Realty Trust Stock Down 1.7 %

BDN stock opened at $6.32 on Friday. The stock’s 50 day simple moving average is $6.39 and its 200 day simple moving average is $7.36. The company has a market cap of $1.08 billion, a P/E ratio of 37.18, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. The company has a debt-to-equity ratio of 1.27, a quick ratio of 1.74 and a current ratio of 1.74. Brandywine Realty Trust has a fifty-two week low of $5.94 and a fifty-two week high of $14.55.

Brandywine Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 19th. Shareholders of record on Thursday, January 5th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, January 4th. This represents a $0.76 annualized dividend and a yield of 12.03%. Brandywine Realty Trust’s payout ratio is 447.06%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 10th. Credit Suisse Group decreased their target price on Brandywine Realty Trust to $7.00 in a research note on Thursday, October 20th. Finally, Citigroup lowered Brandywine Realty Trust from a “neutral” rating to a “sell” rating and dropped their price target for the company from $6.50 to $5.00 in a research note on Wednesday, December 14th.

Brandywine Realty Trust Company Profile

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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, Austin and Washington, DC markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 175 properties and 24.7 million square feet as of December 31, 2020 which excludes assets held for sale.

Further Reading

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Institutional Ownership by Quarter for Brandywine Realty Trust (NYSE:BDN)

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