Virginia Retirement Systems ET AL grew its stake in Brandywine Realty Trust (NYSE:BDN) by 34.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 403,600 shares of the real estate investment trust’s stock after buying an additional 102,700 shares during the quarter. Virginia Retirement Systems ET AL’s holdings in Brandywine Realty Trust were worth $6,345,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in BDN. Qube Research & Technologies Ltd purchased a new stake in shares of Brandywine Realty Trust in the 2nd quarter valued at $103,000. Tower Research Capital LLC TRC boosted its stake in shares of Brandywine Realty Trust by 488.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,198 shares of the real estate investment trust’s stock valued at $122,000 after purchasing an additional 5,974 shares in the last quarter. First Hawaiian Bank purchased a new stake in shares of Brandywine Realty Trust in the 3rd quarter valued at $138,000. First Bank & Trust boosted its stake in shares of Brandywine Realty Trust by 136.5% in the 2nd quarter. First Bank & Trust now owns 8,577 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 4,950 shares in the last quarter. Finally, NumerixS Investment Technologies Inc boosted its stake in shares of Brandywine Realty Trust by 350.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 10,800 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 8,400 shares in the last quarter. 99.94% of the stock is owned by institutional investors and hedge funds.
In related news, EVP William D. Redd sold 30,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $16.45, for a total transaction of $493,500.00. Following the completion of the sale, the executive vice president now directly owns 64,643 shares in the company, valued at approximately $1,063,377.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.84% of the company’s stock.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.27). Brandywine Realty Trust had a net margin of 16.26% and a return on equity of 4.98%. The firm had revenue of $135.00 million for the quarter, compared to the consensus estimate of $136.73 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities research analysts expect that Brandywine Realty Trust will post 1.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Thursday, October 4th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, October 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 5.00%. Brandywine Realty Trust’s dividend payout ratio is currently 54.96%.
A number of brokerages have recently issued reports on BDN. Citigroup cut their price objective on shares of Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, October 30th. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Raymond James cut their price objective on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. Barclays reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Brandywine Realty Trust in a research note on Sunday, October 14th. Finally, ValuEngine cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $17.14.
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About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, DC, and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 184 properties and 25.3 million square feet as of September 30, 2018, which excludes assets held for sale.
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