Brandywine Realty Trust (NYSE:BDN) EVP William D. Redd Sells 112,083 Shares of Stock

Brandywine Realty Trust (NYSE:BDN) EVP William D. Redd sold 112,083 shares of Brandywine Realty Trust stock in a transaction on Friday, August 11th. The shares were sold at an average price of $16.56, for a total transaction of $1,856,094.48. Following the sale, the executive vice president now directly owns 83,505 shares of the company’s stock, valued at approximately $1,382,842.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Brandywine Realty Trust (BDN) opened at 16.82 on Tuesday. Brandywine Realty Trust has a 12-month low of $14.04 and a 12-month high of $17.83. The stock’s 50 day moving average is $17.05 and its 200-day moving average is $16.83. The company has a market cap of $2.93 billion, a P/E ratio of 191.14 and a beta of 1.05.

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 Thomson Reuters’ consensus estimate of $0.01 by $0.31. Brandywine Realty Trust had a net margin of 4.67% and a return on equity of 1.48%. The business had revenue of $127.79 million during the quarter, compared to analysts’ expectations of $134.07 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The firm’s revenue was up .5% on a year-over-year basis. Analysts predict that Brandywine Realty Trust will post $0.24 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.80%. The ex-dividend date was Wednesday, July 5th. Brandywine Realty Trust’s payout ratio is 800.10%.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its position in shares of Brandywine Realty Trust by 1.8% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,527 shares of the real estate investment trust’s stock valued at $240,000 after buying an additional 256 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Brandywine Realty Trust by 6.0% in the fourth quarter. Teachers Advisors LLC now owns 185,834 shares of the real estate investment trust’s stock valued at $3,068,000 after buying an additional 10,532 shares during the last quarter. Quantitative Systematic Strategies LLC boosted its position in shares of Brandywine Realty Trust by 2.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 58,995 shares of the real estate investment trust’s stock valued at $957,000 after buying an additional 1,634 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Brandywine Realty Trust by 29.6% in the first quarter. State of Alaska Department of Revenue now owns 89,840 shares of the real estate investment trust’s stock valued at $1,458,000 after buying an additional 20,520 shares during the last quarter. Finally, Dalton Greiner Hartman Maher & Co. boosted its position in shares of Brandywine Realty Trust by 2.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 1,645,285 shares of the real estate investment trust’s stock valued at $26,703,000 after buying an additional 40,828 shares during the last quarter.

A number of equities research analysts have issued reports on the stock. BidaskClub lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Zacks Investment Research lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Stifel Nicolaus raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the company from $17.00 to $19.00 in a research note on Thursday, April 20th. Mizuho raised shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $16.00 to $19.00 in a research note on Monday, July 10th. Finally, Stephens raised shares of Brandywine Realty Trust to an “underweight” rating in a research note on Monday, May 15th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $17.58.

About Brandywine Realty Trust

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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