Presima Inc. boosted its position in Brandywine Realty Trust (NYSE:BDN) by 2.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 177,400 shares of the real estate investment trust’s stock after buying an additional 4,400 shares during the period. Brandywine Realty Trust comprises about 0.4% of Presima Inc.’s investment portfolio, making the stock its 22nd largest position. Presima Inc. owned 0.10% of Brandywine Realty Trust worth $3,110,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of BDN. Metropolitan Life Insurance Co. NY boosted its position in 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 worth $240,000 after buying an additional 256 shares in the last quarter. Norges Bank bought a new position in Brandywine Realty Trust during the fourth quarter worth $29,147,000. Teachers Advisors LLC boosted its position in 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 period. Foundry Partners LLC boosted its position in Brandywine Realty Trust by 15.4% in the first quarter. Foundry Partners LLC now owns 887,970 shares of the real estate investment trust’s stock valued at $14,412,000 after buying an additional 118,250 shares during the period. Finally, Quantitative Systematic Strategies LLC boosted its position in 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 period.
Brandywine Realty Trust (BDN) opened at 16.64 on Friday. The company has a market cap of $2.90 billion, a PE ratio of 189.09 and a beta of 1.05. The company’s 50-day moving average price is $16.96 and its 200 day moving average price is $16.84. Brandywine Realty Trust has a 52 week low of $14.04 and a 52 week high of $17.83.
Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.31. The company had revenue of $127.79 million during the quarter, compared to the consensus estimate of $134.07 million. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the business posted $0.32 EPS. On average, analysts anticipate that Brandywine Realty Trust will post $0.24 EPS for the current year.
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Several research firms have recently commented on BDN. Zacks Investment Research cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Stephens raised Brandywine Realty Trust to an “underweight” rating in a research report on Monday, May 15th. BidaskClub lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Mizuho raised Brandywine Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.00 to $19.00 in a research report on Monday, July 10th. Three equities research 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 currently has an average rating of “Hold” and a consensus price target of $17.58.
In other Brandywine Realty Trust news, insider Tom Wirth sold 2,500 shares of Brandywine Realty Trust stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $16.90, for a total transaction of $42,250.00. Following the completion of the transaction, the insider now owns 110,473 shares in the company, valued at approximately $1,866,993.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William D. Redd sold 112,083 shares of Brandywine Realty Trust stock in a transaction dated 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 transaction, the executive vice president now owns 83,505 shares of the company’s stock, valued at approximately $1,382,842.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 116,407 shares of company stock valued at $1,929,024. 1.76% of the stock is currently owned by company insiders.
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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