Genesee Valley Trust Co. raised its position in Brandywine Realty Trust (NYSE:BDN) by 4.1% during the second quarter, Holdings Channel reports. The fund owned 13,211 shares of the company’s stock after buying an additional 526 shares during the period. Genesee Valley Trust Co.’s holdings in Brandywine Realty Trust were worth $222,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. raised its stake in shares of 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 raised its stake in shares of 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. Manchester Capital Management LLC acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth about $138,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth about $157,000. Finally, Independent Portfolio Consultants Inc. raised its stake in shares of 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 0.76% during trading on Monday, reaching $15.97. The company’s stock had a trading volume of 969,951 shares. Brandywine Realty Trust has a 1-year low of $11.22 and a 1-year high of $17.05. The company’s 50-day moving average price is $16.14 and its 200 day moving average price is $15.55. The stock’s market capitalization is $2.78 billion.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.32 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.32. The firm 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%. Brandywine Realty Trust’s revenue for the quarter was down 12.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. Analysts anticipate that Brandywine Realty Trust will post $1.30 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders 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 yield of 4.01%. The ex-dividend date is Monday, October 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is -1,500.00%.
A number of brokerages have recently issued reports on BDN. 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 research report on Tuesday, July 19th. Citigroup Inc. boosted their price objective on Brandywine Realty Trust from $15.00 to $16.50 and gave the company a “neutral” rating in a report on Thursday, July 7th. Zacks Investment Research lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Monday. Mizuho lowered Brandywine Realty Trust from a “buy” rating to a “neutral” rating and set a $17.00 price objective for the company. in a report on Friday, July 22nd. Finally, JPMorgan Chase & Co. reissued a “buy” rating and issued a $17.00 price objective on shares of Brandywine Realty Trust in a report on Friday, July 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Brandywine Realty Trust currently has a consensus rating of “Hold” and an average target price of $16.35.
In other Brandywine Realty Trust news, insider Tom Wirth sold 5,000 shares of the company’s stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $16.69, for a total transaction of $83,450.00. Following the completion of the sale, the insider now directly owns 99,698 shares in the company, valued at $1,663,959.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company 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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