Advisors Asset Management Inc. purchased a new position in Brandywine Realty Trust (NYSE:BDN) during the second quarter, Holdings Channel reports. The firm purchased 22,302 shares of the company’s stock, valued at approximately $375,000.
Several other hedge funds also recently bought and sold shares of the company. State Street Corp raised its stake in Brandywine Realty Trust by 3.2% in the first quarter. State Street Corp now owns 4,640,572 shares of the company’s stock worth $65,105,000 after buying an additional 142,737 shares during the period. TIAA CREF Investment Management LLC raised its stake in Brandywine Realty Trust by 68.0% in the first quarter. TIAA CREF Investment Management LLC now owns 406,794 shares of the company’s stock worth $5,707,000 after buying an additional 164,724 shares during the period. Springbok Capital Management LLC bought a new stake in Brandywine Realty Trust during the first quarter worth about $367,000. Teachers Advisors Inc. raised its stake in Brandywine Realty Trust by 1.5% in the first quarter. Teachers Advisors Inc. now owns 163,089 shares of the company’s stock worth $2,288,000 after buying an additional 2,335 shares during the period. Finally, Heitman Real Estate Securities LLC raised its stake in Brandywine Realty Trust by 9.7% in the first quarter. Heitman Real Estate Securities LLC now owns 5,442,786 shares of the company’s stock worth $76,362,000 after buying an additional 482,008 shares during the period.
Shares of Brandywine Realty Trust (NYSE:BDN) traded down 1.02% during midday trading on Friday, hitting $15.59. 1,094,480 shares of the stock traded hands. The company’s market capitalization is $2.72 billion. Brandywine Realty Trust has a 12-month low of $11.22 and a 12-month high of $17.05. The firm’s 50 day moving average price is $16.07 and its 200 day moving average price is $15.57.
Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Wednesday, July 20th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The company earned $127 million during the quarter, compared to analyst estimates of $126.64 million. Brandywine Realty Trust had a return on equity of 0.13% and a net margin of 0.46%. The company’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 EPS. Analysts expect that Brandywine Realty Trust will post $1.30 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, October 5th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 4.06%. The ex-dividend date of this dividend is Monday, October 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -1,500.00%.
A number of analysts have recently issued reports on BDN shares. Zacks Investment Research raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research report on Wednesday, June 22nd. Barclays PLC increased their price objective on Brandywine Realty Trust from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 19th. JPMorgan Chase & Co. restated a “buy” rating and issued a $17.00 price objective on shares of Brandywine Realty Trust in a report on Friday, July 22nd. Mizuho downgraded Brandywine Realty Trust from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a report on Friday, July 22nd. Finally, Citigroup Inc. increased their price objective on Brandywine Realty Trust from $15.00 to $16.50 and gave the stock a “neutral” rating in a report on Thursday, July 7th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.35.
In other news, insider Tom Wirth sold 5,000 shares of Brandywine Realty Trust stock in a transaction dated Monday, July 25th. The stock was sold at an average price of $16.69, for a total transaction of $83,450.00. Following the transaction, the insider now owns 99,698 shares in the company, valued at approximately $1,663,959.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.98% of the company’s stock.
Brandywine Realty Trust Company Profile
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office, industrial, retail and mixed-use properties. The Company manages its portfolio within four segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC and Austin, Texas.
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