Principal Financial Group Inc. lowered its position in Brandywine Realty Trust (NYSE:BDN) by 44.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 355,174 shares of the real estate investment trust’s stock after selling 289,255 shares during the quarter. Principal Financial Group Inc. owned 0.20% of Brandywine Realty Trust worth $6,212,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new position in shares of Brandywine Realty Trust during the 2nd quarter worth approximately $180,000. Adviser Investments LLC bought a new position in shares of Brandywine Realty Trust during the 3rd quarter worth approximately $182,000. Forward Management LLC lifted its position in shares of Brandywine Realty Trust by 5.1% during the 2nd quarter. Forward Management LLC now owns 10,608 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 513 shares during the period. GAM Holding AG lifted its position in shares of Brandywine Realty Trust by 4.0% during the 2nd quarter. GAM Holding AG now owns 15,128 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 578 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in shares of Brandywine Realty Trust by 17.2% during the 2nd quarter. Daiwa Securities Group Inc. now owns 15,700 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 2,300 shares during the period. Institutional investors and hedge funds own 98.79% of the company’s stock.
BDN has been the subject of several analyst reports. SunTrust Banks restated a “buy” rating and set a $18.00 target price on shares of Brandywine Realty Trust in a research report on Friday, October 20th. ValuEngine upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, KeyCorp restated a “hold” rating on shares of Brandywine Realty Trust in a research report on Friday, August 25th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $17.58.
Shares of Brandywine Realty Trust (BDN) opened at $17.83 on Friday. Brandywine Realty Trust has a twelve month low of $15.39 and a twelve month high of $18.18. The firm has a market capitalization of $3,093.67, a price-to-earnings ratio of 12.96, a P/E/G ratio of 3.23 and a beta of 1.02. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 1.08.
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 Zacks’ consensus estimate of $0.35 by ($0.24). Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.12%. The business had revenue of $128.43 million for the quarter, compared to analyst estimates of $131.16 million. During the same period in the prior year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. equities analysts anticipate that Brandywine Realty Trust will post 1.32 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.04%. This is a boost from Brandywine Realty Trust’s previous quarterly dividend of $0.16. The ex-dividend date is Monday, January 8th. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 400.03%.
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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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