Trillium Asset Management LLC raised its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 5.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 79,002 shares of the real estate investment trust’s stock after purchasing an additional 3,914 shares during the quarter. Trillium Asset Management LLC’s holdings in Brandywine Realty Trust were worth $1,253,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the stock. Pearl River Capital LLC acquired a new position in Brandywine Realty Trust in the 4th quarter valued at $30,000. Bremer Trust National Association acquired a new position in shares of Brandywine Realty Trust in the fourth quarter valued at approximately $36,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Brandywine Realty Trust in the fourth quarter worth $67,000. First Bank & Trust lifted its position in shares of Brandywine Realty Trust by 13.7% in the fourth quarter. First Bank & Trust now owns 8,441 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 1,019 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its position in shares of Brandywine Realty Trust by 95.9% in the first quarter. Quadrant Capital Group LLC now owns 8,688 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 4,254 shares in the last quarter. Hedge funds and other institutional investors own 95.52% of the company’s stock.
BDN has been the topic of a number of research reports. Barclays raised shares of Brandywine Realty Trust from an “equal weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a research report on Monday, February 4th. Bank of America downgraded shares of Brandywine Realty Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $17.00 to $16.50 in a research note on Monday, February 25th. Finally, Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Friday, February 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Brandywine Realty Trust has an average rating of “Hold” and an average price target of $16.38.
In related news, insider Gerard H. Sweeney sold 84,973 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $15.90, for a total value of $1,351,070.70. Following the completion of the transaction, the insider now owns 1,304,831 shares in the company, valued at approximately $20,746,812.90. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Tom Wirth sold 9,700 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $15.30, for a total transaction of $148,410.00. The disclosure for this sale can be found here. Company insiders own 1.32% of the company’s stock.
Shares of BDN traded down $0.09 during mid-day trading on Friday, reaching $14.88. The company had a trading volume of 625,661 shares, compared to its average volume of 1,684,855. Brandywine Realty Trust has a 1-year low of $12.32 and a 1-year high of $17.23. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.19. The company has a market cap of $2.64 billion, a P/E ratio of 10.86, a PEG ratio of 4.02 and a beta of 1.12.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). Brandywine Realty Trust had a net margin of 17.40% and a return on equity of 5.30%. The company had revenue of $144.00 million during the quarter, compared to analyst estimates of $140.73 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. On average, equities analysts forecast that Brandywine Realty Trust will post 1.42 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.11%. Brandywine Realty Trust’s payout ratio is currently 55.47%.
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Brandywine Realty Trust Company Profile
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 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.
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