IBM Retirement Fund cut its position in Brandywine Realty Trust (NYSE:BDN) by 1.6% during the second quarter, Holdings Channel reports. The fund owned 17,372 shares of the company’s stock after selling 282 shares during the period. IBM Retirement Fund’s holdings in Brandywine Realty Trust were worth $292,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the company. Aperio Group LLC boosted its position in shares of Brandywine Realty Trust by 21.9% in the first quarter. Aperio Group LLC now owns 57,453 shares of the company’s stock worth $806,000 after buying an additional 10,322 shares during the last quarter. Virginia Retirement System bought a new position in shares of Brandywine Realty Trust during the first quarter worth about $732,000. TIAA CREF Investment Management LLC boosted its position in shares of 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 last quarter. Teachers Advisors Inc. boosted its position in shares of 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 last quarter. Finally, Prudential Financial Inc. boosted its position in shares of Brandywine Realty Trust by 32.1% in the first quarter. Prudential Financial Inc. now owns 1,530,255 shares of the company’s stock worth $21,470,000 after buying an additional 372,100 shares during the last quarter.
Brandywine Realty Trust (NYSE:BDN) traded down 0.83% during mid-day trading on Friday, reaching $15.62. The company had a trading volume of 2,544,362 shares. The stock’s market cap is $2.72 billion. The firm’s 50-day moving average price is $16.04 and its 200-day moving average price is $15.59. Brandywine Realty Trust has a 12 month low of $11.22 and a 12 month high of $17.05.
Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Wednesday, July 20th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. The company earned $127 million during the quarter, compared to analysts’ expectations of $126.64 million. Brandywine Realty Trust had a net margin of 0.46% and a return on equity of 0.13%. The business’s revenue for the quarter was down 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. Equities research analysts forecast that Brandywine Realty Trust will post $1.30 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend is Monday, October 3rd. Brandywine Realty Trust’s dividend payout ratio is currently -1,500.00%.
A number of equities analysts recently issued reports on BDN shares. Zacks Investment Research upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Wednesday, June 22nd. Citigroup Inc. lifted their target price on Brandywine Realty Trust from $15.00 to $16.50 and gave the stock a “neutral” rating in a report on Thursday, July 7th. KeyCorp cut Brandywine Realty Trust from a “sector weight” rating to an “underweight” rating and set a $14.00 target price on the stock. in a report on Friday, July 15th. Barclays PLC lifted their target price 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. Finally, Mizuho cut Brandywine Realty Trust from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. Brandywine Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $16.35.
In related news, insider Tom Wirth sold 5,000 shares of the company’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $16.69, for a total value of $83,450.00. Following the completion of the sale, the insider now owns 99,698 shares in the company, valued at approximately $1,663,959.62. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.98% of the stock is currently owned by corporate insiders.
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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