Envestnet Asset Management Inc. reduced its position in Brandywine Realty Trust (NYSE:BDN) by 4.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,852 shares of the company’s stock after selling 712 shares during the period. Envestnet Asset Management Inc.’s holdings in Brandywine Realty Trust were worth $278,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Daiwa Securities Group Inc. boosted its stake in shares of Brandywine Realty Trust by 1.6% in the third quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the company’s stock worth $100,000 after buying an additional 100 shares in the last quarter. Chicago Equity Partners LLC boosted its stake in shares of Brandywine Realty Trust by 0.4% in the third quarter. Chicago Equity Partners LLC now owns 76,255 shares of the company’s stock worth $1,191,000 after buying an additional 330 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Brandywine Realty Trust by 2.9% in the third quarter. State of Alaska Department of Revenue now owns 22,360 shares of the company’s stock worth $349,000 after buying an additional 640 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Brandywine Realty Trust by 0.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 84,726 shares of the company’s stock worth $1,323,000 after buying an additional 656 shares in the last quarter. Finally, M&T Bank Corp boosted its stake in shares of Brandywine Realty Trust by 3.6% in the third quarter. M&T Bank Corp now owns 24,347 shares of the company’s stock worth $380,000 after buying an additional 841 shares in the last quarter.
Brandywine Realty Trust (NYSE:BDN) opened at 16.25 on Monday. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 86.44 and a beta of 1.05. Brandywine Realty Trust has a 1-year low of $13.44 and a 1-year high of $17.05. The stock has a 50 day moving average price of $16.29 and a 200-day moving average price of $15.78.
Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Tuesday, January 31st. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.34. The firm earned $132.08 million during the quarter, compared to analysts’ expectations of $135.56 million. Brandywine Realty Trust had a return on equity of 2.08% and a net margin of 7.65%. The company’s revenue was down 14.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.39 EPS. Equities analysts predict that Brandywine Realty Trust will post $0.22 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 19th. Shareholders of record on Wednesday, April 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 3.94%. The ex-dividend date is Monday, April 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 355.56%.
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A number of brokerages have weighed in on BDN. Barclays PLC reaffirmed a “neutral” rating on shares of Brandywine Realty Trust in a research report on Friday, February 10th. Raymond James Financial, Inc. raised Brandywine Realty Trust from a “market perform” rating to an “outperform” rating in a research report on Monday, January 9th. Evercore ISI raised Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.50 price target for the company in a research report on Monday, December 19th. They noted that the move was a valuation call. JPMorgan Chase & Co. cut Brandywine Realty Trust from an “overweight” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Friday, December 16th. Finally, Zacks Investment Research cut Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $16.25.
In other Brandywine Realty Trust news, CEO Gerard H. Sweeney sold 20,000 shares of the stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $16.79, for a total transaction of $335,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director H Richard Haverstick, Jr. bought 7,500 shares of the stock in a transaction on Wednesday, February 8th. The shares were purchased at an average price of $15.98 per share, with a total value of $119,850.00. Following the acquisition, the director now owns 7,500 shares in the company, valued at approximately $119,850. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 60,000 shares of company stock valued at $991,600. Corporate 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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