Westwood Holdings Group Inc. reduced its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,730,609 shares of the real estate investment trust’s stock after selling 67,819 shares during the period. Westwood Holdings Group Inc. owned about 2.14% of Brandywine Realty Trust worth $60,548,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in BDN. Cadence Capital Management LLC bought a new stake in shares of Brandywine Realty Trust during the fourth quarter valued at $231,000. Comerica Bank increased its stake in shares of Brandywine Realty Trust by 20.3% in the fourth quarter. Comerica Bank now owns 125,047 shares of the real estate investment trust’s stock valued at $1,998,000 after buying an additional 21,081 shares during the last quarter. Cipher Capital LP bought a new stake in shares of Brandywine Realty Trust during the fourth quarter valued at $564,000. Private Advisor Group LLC bought a new stake in shares of Brandywine Realty Trust during the fourth quarter valued at $213,000. Finally, FMR LLC increased its stake in shares of Brandywine Realty Trust by 4.0% in the fourth quarter. FMR LLC now owns 18,419,116 shares of the real estate investment trust’s stock valued at $304,099,000 after buying an additional 712,217 shares during the last quarter. Hedge funds and other institutional investors own 99.84% of the company’s stock.
Shares of Brandywine Realty Trust (NYSE:BDN) traded up 0.40% during trading on Tuesday, hitting $17.52. The company had a trading volume of 1,202,834 shares. The company has a market capitalization of $3.05 billion, a P/E ratio of 380.87 and a beta of 1.09. The stock’s 50-day moving average price is $17.27 and its 200 day moving average price is $16.55. Brandywine Realty Trust has a 52 week low of $14.04 and a 52 week high of $17.78.
Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Wednesday, April 19th. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.32. The business had revenue of $130.92 million during the quarter, compared to analyst estimates of $132.96 million. Brandywine Realty Trust had a return on equity of 0.81% and a net margin of 2.96%. Brandywine Realty Trust’s revenue was down 4.1% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) EPS. On average, equities research analysts forecast that Brandywine Realty Trust will post $0.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Friday, July 7th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Wednesday, July 5th. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 1,600.00%.
Several analysts have weighed in on BDN shares. Stifel Nicolaus upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $17.00 to $19.00 in a research report on Thursday, April 20th. Stephens upgraded Brandywine Realty Trust to an “underweight” rating in a research report on Monday, May 15th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $16.75.
In other Brandywine Realty Trust news, EVP H Jeffrey Devuono sold 9,027 shares of Brandywine Realty Trust stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $17.01, for a total transaction of $153,549.27. Following the completion of the sale, the executive vice president now directly owns 147,560 shares of the company’s stock, valued at approximately $2,509,995.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.76% of the company’s stock.
Brandywine Realty Trust Company Profile
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.
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