Bridgefront Capital LLC Invests $258,000 in Brandywine Realty Trust (NYSE:BDN)

Posted by on Mar 17th, 2023

Bridgefront Capital LLC acquired a new position in Brandywine Realty Trust (NYSE:BDN – Get Rating) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 38,165 shares of the real estate investment trust’s stock, valued at approximately $258,000.

Several other institutional investors have also recently made changes to their positions in BDN. Mirabella Financial Services LLP purchased a new stake in Brandywine Realty Trust in the 3rd quarter worth approximately $70,000. Bayesian Capital Management LP purchased a new stake in Brandywine Realty Trust in the 3rd quarter worth approximately $74,000. Guardian Wealth Advisors LLC purchased a new stake in Brandywine Realty Trust during the 3rd quarter valued at approximately $77,000. Corton Capital Inc. purchased a new stake in Brandywine Realty Trust during the 2nd quarter valued at approximately $98,000. Finally, Captrust Financial Advisors purchased a new stake in Brandywine Realty Trust during the 2nd quarter valued at approximately $103,000. Institutional investors own 90.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BDN shares. StockNews.com started coverage on shares of Brandywine Realty Trust in a report on Thursday. They set a “hold” rating for the company. Citigroup increased their price objective on shares of Brandywine Realty Trust from $5.00 to $5.75 and gave the company a “sell” rating in a report on Thursday, February 16th.

Brandywine Realty Trust Trading Down 5.4 %

BDN stock opened at $4.72 on Friday. The firm has a fifty day moving average price of $6.22 and a 200 day moving average price of $6.59. Brandywine Realty Trust has a fifty-two week low of $4.55 and a fifty-two week high of $14.55. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $810.57 million, a PE ratio of 14.74, a price-to-earnings-growth ratio of 1.72 and a beta of 1.17.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 19th. Investors of record on Wednesday, April 5th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 16.10%. The ex-dividend date of this dividend is Tuesday, April 4th. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 245.16%.

Brandywine Realty Trust Profile

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Brandywine Realty Trust engages in the acquisition, development, redevelopment, ownership, management, and operation of a portfolio of office, life science/lab, residential, and mixed-use properties. It operates through the following business segments: Philadelphia Central Business District, Pennsylvania Suburbs, Austin, Texas, Metropolitan Washington, DC, and Other.

Further Reading

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

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