Resolution Capital Ltd purchased a new position in Brandywine Realty Trust (NYSE:BDN) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,126,056 shares of the real estate investment trust’s stock, valued at approximately $37,185,000. Brandywine Realty Trust comprises 1.7% of Resolution Capital Ltd’s holdings, making the stock its 20th biggest holding. Resolution Capital Ltd owned 1.22% of Brandywine Realty Trust as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC acquired a new position in Brandywine Realty Trust in the 2nd quarter worth approximately $180,000. Adviser Investments LLC acquired a new position in Brandywine Realty Trust in the 3rd quarter worth approximately $182,000. Forward Management LLC boosted its stake in Brandywine Realty Trust by 5.1% in the 2nd quarter. Forward Management LLC now owns 10,608 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 513 shares during the period. SG Americas Securities LLC boosted its stake in 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 purchasing an additional 5,029 shares during the period. Finally, Paragon Capital Management Ltd boosted its stake in Brandywine Realty Trust by 49.3% in the 2nd quarter. Paragon Capital Management Ltd now owns 14,944 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 4,935 shares during the period. Hedge funds and other institutional investors own 98.48% of the company’s stock.
A number of equities analysts recently commented on BDN shares. BidaskClub raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Mizuho raised shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $16.00 to $19.00 in a research note on Monday, July 10th. Zacks Investment Research lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Thursday, September 7th. KeyCorp reaffirmed a “hold” rating on shares of Brandywine Realty Trust in a research note on Friday, August 25th. Finally, ValuEngine raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $17.58.
Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.24). The company had revenue of $128.43 million during the quarter, compared to analyst estimates of $131.16 million. Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.12%. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 EPS.
The business also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Wednesday, October 4th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 400.03%.
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In other news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $17.41, for a total value of $87,050.00. Following the completion of the transaction, the director now owns 60,237 shares in the company, valued at $1,048,726.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Wyche Fowler sold 1,824 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $16.82, for a total transaction of $30,679.68. Following the completion of the transaction, the director now owns 64,948 shares of the company’s stock, valued at approximately $1,092,425.36. The disclosure for this sale can be found here. Insiders sold 121,407 shares of company stock valued at $2,016,074 in the last quarter. Corporate insiders own 1.76% of the company’s stock.
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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