Bailard Inc. purchased a new position in shares of Brandywine Realty Trust (NYSE:BDN) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 31,800 shares of the real estate investment trust’s stock, valued at approximately $578,000.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. KBC Group NV acquired a new stake in shares of Brandywine Realty Trust during the fourth quarter worth about $4,955,000. Swiss National Bank raised its position in shares of Brandywine Realty Trust by 2.1% during the fourth quarter. Swiss National Bank now owns 298,800 shares of the real estate investment trust’s stock worth $5,435,000 after purchasing an additional 6,200 shares during the period. California Public Employees Retirement System raised its position in shares of Brandywine Realty Trust by 1.9% during the fourth quarter. California Public Employees Retirement System now owns 527,761 shares of the real estate investment trust’s stock worth $9,600,000 after purchasing an additional 9,807 shares during the period. American Century Companies Inc. acquired a new stake in shares of Brandywine Realty Trust during the fourth quarter worth about $13,068,000. Finally, Resolution Capital Ltd raised its position in shares of Brandywine Realty Trust by 37.0% during the fourth quarter. Resolution Capital Ltd now owns 2,912,263 shares of the real estate investment trust’s stock worth $52,974,000 after purchasing an additional 786,207 shares during the period. 99.67% of the stock is currently owned by institutional investors.
Brandywine Realty Trust (NYSE:BDN) opened at $16.52 on Friday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 1.08. The stock has a market capitalization of $2,849.54, a PE ratio of 25.42, a P/E/G ratio of 2.12 and a beta of 0.96. Brandywine Realty Trust has a fifty-two week low of $15.50 and a fifty-two week high of $18.69.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were issued a dividend of $0.18 per share. The ex-dividend date was Monday, January 8th. This is an increase 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 4.36%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 110.77%.
A number of equities research analysts have recently commented on BDN shares. Zacks Investment Research raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, December 11th. Evercore ISI upgraded Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Barclays increased their price objective on Brandywine Realty Trust from $17.00 to $18.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 30th. Finally, KeyCorp upgraded Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price objective for the company in a report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. Brandywine Realty Trust has an average rating of “Hold” and an average price target of $19.00.
In related news, insider Gerard H. Sweeney sold 20,000 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $18.51, for a total transaction of $370,200.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.76% of the stock is currently owned by company insiders.
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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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