River Wealth Advisors LLC Boosts Stake in Brandywine Realty Trust (BDN)

River Wealth Advisors LLC increased its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 10.4% during the first quarter, Holdings Channel reports. The fund owned 95,271 shares of the real estate investment trust’s stock after buying an additional 8,948 shares during the period. River Wealth Advisors LLC’s holdings in Brandywine Realty Trust were worth $1,546,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. UBS Group AG boosted its stake in shares of Brandywine Realty Trust by 2.1% in the first quarter. UBS Group AG now owns 110,046 shares of the real estate investment trust’s stock valued at $1,786,000 after buying an additional 2,266 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Brandywine Realty Trust by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 2,586,213 shares of the real estate investment trust’s stock valued at $41,974,000 after buying an additional 63,353 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Brandywine Realty Trust by 7.5% in the first quarter. Geode Capital Management LLC now owns 1,619,198 shares of the real estate investment trust’s stock valued at $26,279,000 after buying an additional 112,703 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Brandywine Realty Trust by 3.1% in the first quarter. Vanguard Group Inc. now owns 28,607,123 shares of the real estate investment trust’s stock valued at $464,293,000 after buying an additional 863,062 shares during the last quarter. Finally, Marshall Wace North America L.P. bought a new stake in shares of Brandywine Realty Trust during the first quarter valued at $3,064,000.

Institutional Ownership by Quarter for Brandywine Realty Trust (NYSE:BDN)

Brandywine Realty Trust (NYSE:BDN) traded up 0.06% during midday trading on Friday, reaching $17.27. The company had a trading volume of 2,725,615 shares. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 375.43 and a beta of 1.05. The company has a 50-day moving average price of $17.18 and a 200-day moving average price of $16.42. Brandywine Realty Trust has a one year low of $14.04 and a one year high of $17.67.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Wednesday, April 19th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.32. Brandywine Realty Trust had a return on equity of 2.08% and a net margin of 7.65%. The company had revenue of $130.92 million for the quarter, compared to the consensus estimate of $132.96 million. During the same quarter in the previous year, the business earned ($0.07) EPS. Brandywine Realty Trust’s revenue was down 4.1% compared to the same quarter last year. On average, equities analysts expect that Brandywine Realty Trust will post $0.21 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, July 5th. This represents a $0.64 dividend on an annualized basis and a yield of 3.71%. Brandywine Realty Trust’s dividend payout ratio is presently 355.56%.

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Several brokerages have recently weighed in on BDN. Stephens raised Brandywine Realty Trust to an “underweight” rating in a research note on Monday, May 15th. Stifel Nicolaus raised Brandywine Realty Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $17.00 to $19.00 in a research note on Thursday, April 20th. Finally, Barclays PLC reissued a “neutral” rating on shares of Brandywine Realty Trust in a research note on Friday, February 10th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $16.75.

In related news, EVP H Jeffrey Devuono sold 9,027 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $17.01, for a total transaction of $153,549.27. Following the transaction, the executive vice president now owns 147,560 shares in the company, valued at approximately $2,509,995.60. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.98% of the stock is owned by insiders.

About Brandywine Realty Trust

Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC, Austin, Texas, and Other. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BDN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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