Virginia Retirement Systems ET AL boosted its stake in Brandywine Realty Trust (NYSE:BDN) by 34.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 403,600 shares of the real estate investment trust’s stock after acquiring an additional 102,700 shares during the period. Virginia Retirement Systems ET AL owned 0.23% of Brandywine Realty Trust worth $6,345,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Cornerstone Wealth Management LLC bought a new stake in shares of Brandywine Realty Trust in the second quarter valued at approximately $271,000. Qube Research & Technologies Ltd bought a new stake in shares of Brandywine Realty Trust in the second quarter valued at approximately $103,000. Tower Research Capital LLC TRC raised its position in shares of Brandywine Realty Trust by 488.1% in the second quarter. Tower Research Capital LLC TRC now owns 7,198 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 5,974 shares during the period. First Bank & Trust raised its position in shares of Brandywine Realty Trust by 136.5% in the second quarter. First Bank & Trust now owns 8,577 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 4,950 shares during the period. Finally, First Hawaiian Bank bought a new stake in shares of Brandywine Realty Trust in the third quarter valued at approximately $138,000. 99.94% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have recently issued reports on BDN shares. Zacks Investment Research lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, July 14th. Citigroup lowered their price target on shares of Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, October 30th. Barclays reissued a “hold” rating and issued a $16.00 price target on shares of Brandywine Realty Trust in a research report on Sunday, October 14th. Raymond James lowered their price target on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Finally, ValuEngine lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $17.14.
In related news, EVP William D. Redd sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $16.45, for a total transaction of $493,500.00. Following the completion of the transaction, the executive vice president now owns 64,643 shares of the company’s stock, valued at $1,063,377.35. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 1.84% of the stock is currently owned by insiders.
Shares of NYSE:BDN opened at $14.40 on Friday. The company has a market cap of $2.60 billion, a P/E ratio of 10.99, a PEG ratio of 1.92 and a beta of 0.93. Brandywine Realty Trust has a 12 month low of $13.92 and a 12 month high of $18.69. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.24 and a quick ratio of 2.24.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Wednesday, October 17th. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.27). The firm had revenue of $135.00 million for the quarter, compared to analysts’ expectations of $136.73 million. Brandywine Realty Trust had a net margin of 16.26% and a return on equity of 4.98%. Brandywine Realty Trust’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 EPS. As a group, equities research analysts anticipate that Brandywine Realty Trust will post 1.37 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Thursday, October 4th were paid a dividend of $0.18 per share. The ex-dividend date was Wednesday, October 3rd. This represents a $0.72 annualized dividend and a yield of 5.00%. Brandywine Realty Trust’s dividend payout ratio is currently 54.96%.
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About Brandywine Realty Trust
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, Washington, DC, 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 184 properties and 25.3 million square feet as of September 30, 2018, which excludes assets held for sale.
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