Brandywine Realty Trust (BDN) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System reduced its stake in Brandywine Realty Trust (NYSE:BDN) by 9.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 318,311 shares of the real estate investment trust’s stock after selling 33,738 shares during the quarter. California State Teachers Retirement System owned 0.18% of Brandywine Realty Trust worth $5,580,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of BDN. SG Americas Securities LLC boosted its holdings in shares of Brandywine Realty Trust by 71.0% in the 1st quarter. SG Americas Securities LLC now owns 12,117 shares of the real estate investment trust’s stock worth $197,000 after buying an additional 5,029 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Brandywine Realty Trust by 3.3% in the 1st quarter. Teachers Advisors LLC now owns 191,949 shares of the real estate investment trust’s stock worth $3,115,000 after buying an additional 6,115 shares during the last quarter. Thrivent Financial For Lutherans boosted its holdings in shares of Brandywine Realty Trust by 0.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 68,904 shares of the real estate investment trust’s stock worth $1,118,000 after buying an additional 600 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Brandywine Realty Trust by 7.5% in the 1st quarter. Geode Capital Management LLC now owns 1,619,198 shares of the real estate investment trust’s stock worth $26,279,000 after buying an additional 112,703 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Brandywine Realty Trust by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,586,213 shares of the real estate investment trust’s stock worth $41,974,000 after buying an additional 63,353 shares during the last quarter. 98.48% of the stock is currently owned by institutional investors.

A number of brokerages recently weighed in on BDN. Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. SunTrust Banks, Inc. reissued a “buy” rating and issued a $18.00 price target on shares of Brandywine Realty Trust in a report on Friday, October 20th. BidaskClub downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. KeyCorp reaffirmed a “hold” rating on shares of Brandywine Realty Trust in a report on Sunday, September 24th. Finally, ValuEngine raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $17.58.

In other news, EVP William D. Redd sold 112,083 shares of Brandywine Realty Trust stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $16.56, for a total transaction of $1,856,094.48. Following the transaction, the executive vice president now directly owns 83,505 shares of the company’s stock, valued at approximately $1,382,842.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tom Wirth sold 2,500 shares of Brandywine Realty Trust stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $16.90, for a total value of $42,250.00. Following the transaction, the insider now directly owns 110,473 shares in the company, valued at $1,866,993.70. The disclosure for this sale can be found here. Insiders sold 121,407 shares of company stock worth $2,016,074 over the last three months. Insiders own 1.76% of the company’s stock.

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Shares of Brandywine Realty Trust (NYSE:BDN) opened at 17.39 on Tuesday. Brandywine Realty Trust has a 12-month low of $14.04 and a 12-month high of $18.18. The firm’s 50-day moving average is $17.49 and its 200 day moving average is $17.21. The stock has a market capitalization of $3.03 billion, a P/E ratio of 197.61 and a beta of 1.05.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.24). The firm had revenue of $128.43 million during the quarter, compared to analysts’ expectations of $131.16 million. Brandywine Realty Trust had a return on equity of 2.12% and a net margin of 6.81%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 earnings per share. On average, equities research analysts forecast that Brandywine Realty Trust will post $0.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th were given a $0.16 dividend. The ex-dividend date was Tuesday, October 3rd. This represents a $0.64 annualized dividend and a yield of 3.68%. Brandywine Realty Trust’s payout ratio is 400.03%.

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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Institutional Ownership by Quarter for Brandywine Realty Trust (NYSE:BDN)

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