Strs Ohio cut its stake in Brandywine Realty Trust (NYSE:BDN) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,314 shares of the real estate investment trust’s stock after selling 5,321 shares during the period. Strs Ohio owned about 0.12% of Brandywine Realty Trust worth $3,800,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in BDN. SG Americas Securities LLC boosted its holdings in Brandywine Realty Trust by 71.0% in the first quarter. SG Americas Securities LLC now owns 12,117 shares of the real estate investment trust’s stock valued at $197,000 after purchasing an additional 5,029 shares during the period. Teachers Advisors LLC boosted its holdings in Brandywine Realty Trust by 3.3% in the first quarter. Teachers Advisors LLC now owns 191,949 shares of the real estate investment trust’s stock valued at $3,115,000 after purchasing an additional 6,115 shares during the period. Thrivent Financial For Lutherans boosted its holdings in Brandywine Realty Trust by 0.9% in the first quarter. Thrivent Financial For Lutherans now owns 68,904 shares of the real estate investment trust’s stock valued at $1,118,000 after purchasing an additional 600 shares during the period. Geode Capital Management LLC boosted its holdings in Brandywine Realty Trust by 7.5% in the first quarter. Geode Capital Management LLC now owns 1,619,198 shares of the real estate investment trust’s stock valued at $26,279,000 after purchasing an additional 112,703 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Brandywine Realty Trust by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,586,213 shares of the real estate investment trust’s stock valued at $41,974,000 after purchasing an additional 63,353 shares during the period. Hedge funds and other institutional investors own 98.48% of the company’s stock.
In other Brandywine Realty Trust news, EVP William D. Redd sold 112,083 shares of the company’s 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 completion of 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 filing with the SEC, which is accessible through this link. Also, insider Tom Wirth sold 2,500 shares of the 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 transaction, the insider now directly owns 110,473 shares in the company, valued at approximately $1,866,993.70. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,407 shares of company stock valued at $2,016,074. 1.76% of the stock is currently owned by corporate insiders.
A number of research analysts recently issued reports on the company. Zacks Investment Research lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, September 7th. BidaskClub upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. KeyCorp reiterated a “hold” rating on shares of Brandywine Realty Trust in a report on Sunday, September 24th. Mizuho upgraded 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 report on Monday, July 10th. Finally, SunTrust Banks, Inc. reiterated a “buy” rating and issued a $18.00 target price on shares of Brandywine Realty Trust in a report on Friday, October 20th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Brandywine Realty Trust has an average rating of “Hold” and an average target price of $17.58.
Shares of Brandywine Realty Trust (BDN) opened at 17.39 on Tuesday. The firm’s 50-day moving average price is $17.49 and its 200-day moving average price is $17.21. Brandywine Realty Trust has a one year low of $14.04 and a one year high of $18.18. 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 posted its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 6.81% and a return on equity of 2.12%. The business’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.33 earnings per share. Equities research analysts anticipate that Brandywine Realty Trust will post $0.36 EPS for the current fiscal year.
The company also recently disclosed 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 dividend on an annualized basis and a yield of 3.68%. Brandywine Realty Trust’s payout ratio is currently 400.03%.
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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