Brandywine Realty Trust (BDN) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lessened its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 7.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 705,815 shares of the real estate investment trust’s stock after selling 57,992 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.40% of Brandywine Realty Trust worth $12,345,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Brandywine Realty Trust by 2.4% in the 2nd quarter. BlackRock Inc. now owns 12,174,726 shares of the real estate investment trust’s stock valued at $213,422,000 after buying an additional 287,894 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Brandywine Realty Trust by 2.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,479,270 shares of the real estate investment trust’s stock worth $148,810,000 after purchasing an additional 237,279 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Brandywine Realty Trust by 21.0% in the 3rd quarter. Macquarie Group Ltd. now owns 5,966,584 shares of the real estate investment trust’s stock worth $104,356,000 after purchasing an additional 1,037,395 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Brandywine Realty Trust by 3.4% in the 2nd quarter. Franklin Resources Inc. now owns 5,346,730 shares of the real estate investment trust’s stock worth $93,728,000 after purchasing an additional 175,935 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in Brandywine Realty Trust by 6.6% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 3,887,600 shares of the real estate investment trust’s stock worth $67,994,000 after purchasing an additional 240,925 shares during the last quarter. 98.47% of the stock is currently owned by institutional investors.

In other news, CEO Gerard H. Sweeney sold 9,241 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $18.51, for a total transaction of $171,050.91. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 stock was sold at an average price of $17.41, for a total value of $87,050.00. Following the transaction, the director now owns 60,237 shares of the company’s stock, valued at $1,048,726.17. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,241 shares of company stock valued at $628,301. Corporate insiders own 1.76% of the company’s stock.

Several equities research analysts recently weighed in on the company. KeyCorp upgraded Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 target price for the company in a report on Tuesday, December 19th. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. SunTrust Banks restated a “buy” rating and issued a $18.00 target price on shares of Brandywine Realty Trust in a report on Friday, October 20th. Finally, Evercore ISI upgraded Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.40.

Shares of Brandywine Realty Trust (NYSE:BDN) opened at $18.19 on Tuesday. Brandywine Realty Trust has a 1-year low of $15.63 and a 1-year high of $18.69. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $3,191.94, a P/E ratio of 113.69, a P/E/G ratio of 3.24 and a beta of 1.02.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). Brandywine Realty Trust had a return on equity of 2.12% and a net margin of 6.81%. The business had revenue of $128.43 million for the quarter, compared to analyst estimates of $131.16 million. During the same quarter last year, the firm earned $0.33 earnings per share. The firm’s quarterly revenue was down 1.0% compared to the same quarter last year. analysts predict that Brandywine Realty Trust will post 1.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, January 8th. This is a positive change from Brandywine Realty Trust’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.96%. Brandywine Realty Trust’s payout ratio is 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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Institutional Ownership by Quarter for Brandywine Realty Trust (NYSE:BDN)

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