Dalton Greiner Hartman Maher & Co. cut its position in Brandywine Realty Trust (NYSE:BDN) by 7.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,580,821 shares of the company’s stock after selling 120,245 shares during the period. Brandywine Realty Trust makes up about 1.6% of Dalton Greiner Hartman Maher & Co.’s investment portfolio, making the stock its 6th largest position. Dalton Greiner Hartman Maher & Co.’s holdings in Brandywine Realty Trust were worth $24,692,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Daiwa Securities Group Inc. boosted its position in Brandywine Realty Trust by 1.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,300 shares of the company’s stock worth $106,000 after buying an additional 100 shares during the last quarter. BlackRock Japan Co. Ltd boosted its position in Brandywine Realty Trust by 1.6% in the first quarter. BlackRock Japan Co. Ltd now owns 9,280 shares of the company’s stock worth $130,000 after buying an additional 143 shares during the last quarter. Profund Advisors LLC purchased a new position in Brandywine Realty Trust during the second quarter worth about $175,000. Schonfeld Strategic Advisors LLC purchased a new position in Brandywine Realty Trust during the first quarter worth about $157,000. Finally, Independent Portfolio Consultants Inc. boosted its position in Brandywine Realty Trust by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 11,935 shares of the company’s stock worth $201,000 after buying an additional 30 shares during the last quarter.
Shares of Brandywine Realty Trust (NYSE:BDN) traded up 1.39% during mid-day trading on Thursday, reaching $15.29. The company’s stock had a trading volume of 225,948 shares. Brandywine Realty Trust has a one year low of $11.22 and a one year high of $17.05. The firm’s 50 day moving average is $15.70 and its 200 day moving average is $15.68. The firm’s market cap is $2.66 billion.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Wednesday, July 20th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. The business had revenue of $127 million for the quarter, compared to the consensus estimate of $126.64 million. Brandywine Realty Trust had a return on equity of 0.13% and a net margin of 0.46%. The business’s quarterly revenue was down 12.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.32 earnings per share. On average, equities analysts anticipate that Brandywine Realty Trust will post $1.29 earnings per share for the current fiscal year.
The business 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 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date is Monday, October 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -1,500.00%.
Several brokerages recently weighed in on BDN. JPMorgan Chase & Co. restated a “buy” rating and set a $17.00 target price on shares of Brandywine Realty Trust in a report on Friday, July 22nd. Zacks Investment Research lowered Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. Barclays PLC increased their target price on Brandywine Realty Trust from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 19th. Citigroup Inc. increased their target price on Brandywine Realty Trust from $15.00 to $16.50 and gave the stock a “neutral” rating in a research report on Thursday, July 7th. Finally, KeyCorp lowered Brandywine Realty Trust from a “sector weight” rating to an “underweight” rating and set a $14.00 target price for the company. in a research report on Friday, July 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. Brandywine Realty Trust presently has a consensus rating of “Hold” and an average target price of $16.39.
In other news, insider Tom Wirth sold 5,000 shares of the business’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $16.69, for a total transaction of $83,450.00. Following the sale, the insider now directly owns 99,698 shares of the company’s stock, valued at $1,663,959.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.98% of the company’s stock.
About Brandywine Realty Trust
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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