Real Estate Management Services LLC decreased its stake in Brandywine Realty Trust (NYSE:BDN) by 15.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,635,200 shares of the real estate investment trust’s stock after selling 306,900 shares during the period. Brandywine Realty Trust accounts for approximately 5.7% of Real Estate Management Services LLC’s investment portfolio, making the stock its 4th largest position. Real Estate Management Services LLC owned 0.94% of Brandywine Realty Trust worth $28,665,000 as of its most recent filing with the SEC.
Several other hedge funds have also added to or reduced their stakes in the company. Clinton Group Inc. acquired a new stake in Brandywine Realty Trust during the first quarter valued at about $169,000. Karp Capital Management Corp acquired a new stake in Brandywine Realty Trust during the first quarter valued at about $1,083,000. Fort Washington Investment Advisors Inc. OH boosted its stake in Brandywine Realty Trust by 5.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 57,000 shares of the real estate investment trust’s stock valued at $925,000 after buying an additional 2,900 shares in the last quarter. Citadel Advisors LLC boosted its stake in Brandywine Realty Trust by 42.2% in the first quarter. Citadel Advisors LLC now owns 172,051 shares of the real estate investment trust’s stock valued at $2,793,000 after buying an additional 51,089 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Brandywine Realty Trust by 29.6% in the first quarter. State of Alaska Department of Revenue now owns 89,840 shares of the real estate investment trust’s stock valued at $1,458,000 after buying an additional 20,520 shares in the last quarter. Hedge funds and other institutional investors own 99.15% of the company’s stock.
Shares of Brandywine Realty Trust (NYSE:BDN) traded down 1.51% during trading on Friday, reaching $16.97. The company had a trading volume of 960,810 shares. Brandywine Realty Trust has a 52 week low of $14.04 and a 52 week high of $17.83. The stock’s 50-day moving average price is $17.35 and its 200-day moving average price is $16.77. The company has a market capitalization of $2.96 billion, a PE ratio of 368.91 and a beta of 1.06.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Thursday, July 20th. The real estate investment trust reported $0.32 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.31. Brandywine Realty Trust had a return on equity of 0.81% and a net margin of 2.96%. The company had revenue of $127.79 million during the quarter, compared to analyst estimates of $134.07 million. During the same period in the previous year, the business earned $0.32 EPS. Brandywine Realty Trust’s quarterly revenue was up .5% on a year-over-year basis. On average, equities analysts expect that Brandywine Realty Trust will post $0.21 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Friday, July 7th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $0.64 annualized dividend and a yield of 3.71%. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 1,600.00%.
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Several analysts recently issued reports on BDN shares. Stifel Nicolaus upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $17.00 to $19.00 in a research report on Thursday, April 20th. Mizuho upgraded Brandywine Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.00 to $19.00 in a research report on Monday, July 10th. BidaskClub cut Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Finally, Stephens upgraded Brandywine Realty Trust to an “underweight” rating in a research report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $17.58.
In other Brandywine Realty Trust news, EVP H Jeffrey Devuono sold 9,027 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $2,509,995.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.76% of the stock is currently owned by insiders.
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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