Connor Clark & Lunn Investment Management Ltd. Acquires New Stake in Brandywine Realty Trust (NYSE:BDN)
Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Brandywine Realty Trust (NYSE:BDN – Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 66,791 shares of the real estate investment trust’s stock, valued at approximately $316,000.
A number of other institutional investors and hedge funds have also bought and sold shares of BDN. Citigroup Inc. increased its holdings in Brandywine Realty Trust by 17.1% in the first quarter. Citigroup Inc. now owns 294,304 shares of the real estate investment trust’s stock valued at $4,161,000 after purchasing an additional 42,928 shares during the period. Natixis Advisors L.P. boosted its position in Brandywine Realty Trust by 23.0% during the first quarter. Natixis Advisors L.P. now owns 42,369 shares of the real estate investment trust’s stock valued at $599,000 after acquiring an additional 7,935 shares during the last quarter. Bank of Montreal Can boosted its position in Brandywine Realty Trust by 15.1% during the first quarter. Bank of Montreal Can now owns 60,243 shares of the real estate investment trust’s stock valued at $866,000 after acquiring an additional 7,924 shares during the last quarter. MetLife Investment Management LLC boosted its position in Brandywine Realty Trust by 55.1% during the first quarter. MetLife Investment Management LLC now owns 90,395 shares of the real estate investment trust’s stock valued at $1,278,000 after acquiring an additional 32,106 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in Brandywine Realty Trust by 0.6% during the first quarter. Rhumbline Advisers now owns 510,543 shares of the real estate investment trust’s stock valued at $7,219,000 after acquiring an additional 3,250 shares during the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.
Brandywine Realty Trust Trading Down 1.5 %
BDN opened at $4.67 on Friday. The company has a debt-to-equity ratio of 1.37, a current ratio of 2.03 and a quick ratio of 2.03. Brandywine Realty Trust has a fifty-two week low of $3.42 and a fifty-two week high of $8.61. The firm has a market capitalization of $803.71 million, a PE ratio of 33.36, a P/E/G ratio of 1.59 and a beta of 1.21. The company’s 50-day moving average is $4.69 and its 200 day moving average is $4.66.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. StockNews.com assumed coverage on shares of Brandywine Realty Trust in a research report on Thursday, August 17th. They set a “sell” rating on the stock. TheStreet cut shares of Brandywine Realty Trust from a “c” rating to a “d+” rating in a research report on Tuesday, August 1st. Finally, Evercore ISI upped their target price on shares of Brandywine Realty Trust from $5.00 to $6.00 and gave the stock an “in-line” rating in a report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Brandywine Realty Trust has an average rating of “Hold” and a consensus target price of $6.44.
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 162 properties and 22.8 million square feet as of June 30, 2023 which excludes assets held for sale.
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