BlackRock Inc. raised its position in Brandywine Realty Trust (NYSE:BDN) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,174,726 shares of the real estate investment trust’s stock after acquiring an additional 287,894 shares during the quarter. BlackRock Inc. owned approximately 6.98% of Brandywine Realty Trust worth $213,422,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Clinton Group Inc. purchased a new position in shares of Brandywine Realty Trust in the 1st quarter valued at about $169,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Brandywine Realty Trust during the first quarter worth approximately $171,000. Janney Montgomery Scott LLC purchased a new stake in Brandywine Realty Trust during the second quarter worth approximately $180,000. Forward Management LLC lifted its stake in Brandywine Realty Trust by 5.1% during the second quarter. Forward Management LLC now owns 10,608 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 513 shares during the last quarter. Finally, SG Americas Securities LLC lifted its stake in Brandywine Realty Trust by 71.0% during the first quarter. SG Americas Securities LLC now owns 12,117 shares of the real estate investment trust’s stock worth $197,000 after purchasing an additional 5,029 shares during the last quarter. 98.03% of the stock is owned by institutional investors.
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In related news, EVP William D. Redd sold 112,083 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $16.56, for a total value of $1,856,094.48. Following the completion of the sale, the executive vice president now owns 83,505 shares in the company, valued at approximately $1,382,842.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Tom Wirth sold 2,500 shares of the company’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $16.90, for a total transaction of $42,250.00. Following the completion of the sale, the insider now owns 110,473 shares of the company’s stock, valued at approximately $1,866,993.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,407 shares of company stock worth $1,929,024. Company insiders own 1.76% of the company’s stock.
Several research analysts have commented on the company. Zacks Investment Research raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. KeyCorp reissued a “hold” rating on shares of Brandywine Realty Trust in a report on Sunday, September 24th. ValuEngine raised Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, Mizuho raised Brandywine Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $16.00 to $19.00 in a report on Monday, July 10th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Brandywine Realty Trust has an average rating of “Hold” and an average price target of $17.50.
Shares of Brandywine Realty Trust (BDN) opened at 18.04 on Tuesday. The stock has a market capitalization of $3.15 billion, a P/E ratio of 205.00 and a beta of 1.05. Brandywine Realty Trust has a 12 month low of $14.04 and a 12 month high of $18.18. The stock has a 50 day moving average price of $17.31 and a 200 day moving average price of $17.13.
Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.01 by $0.31. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. The business had revenue of $127.79 million for the quarter, compared to the consensus estimate of $134.07 million. During the same period in the previous year, the business earned $0.32 EPS. Brandywine Realty Trust’s revenue was up .5% compared to the same quarter last year. On average, analysts anticipate that Brandywine Realty Trust will post $0.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.55%. The ex-dividend date is Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio is 800.10%.
Brandywine Realty Trust Company Profile
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC, Austin, Texas, and Other. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs.
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