Utah Retirement Systems trimmed its position in Brandywine Realty Trust (NYSE:BDN) by 0.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,667 shares of the real estate investment trust’s stock after selling 181 shares during the period. Utah Retirement Systems’ holdings in Brandywine Realty Trust were worth $800,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of BDN. Clinton Group Inc. bought a new stake in Brandywine Realty Trust in the first quarter worth $169,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Brandywine Realty Trust in the first quarter worth $171,000. Acadian Asset Management LLC bought a new stake in Brandywine Realty Trust in the first quarter worth $179,000. Janney Montgomery Scott LLC bought a new stake in Brandywine Realty Trust in the second quarter worth $180,000. Finally, Forward Management LLC boosted its holdings in Brandywine Realty Trust by 5.1% in the second quarter. Forward Management LLC now owns 10,608 shares of the real estate investment trust’s stock worth $186,000 after acquiring an additional 513 shares in the last quarter. 98.71% of the stock is currently owned by institutional investors.
Brandywine Realty Trust (NYSE BDN) opened at 17.03 on Tuesday. The stock’s 50 day moving average price is $16.86 and its 200-day moving average price is $16.92. The company has a market capitalization of $2.97 billion, a P/E ratio of 193.52 and a beta of 1.04. Brandywine Realty Trust has a one year low of $14.04 and a one year high of $17.83.
Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.31. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. The firm had revenue of $127.79 million for the quarter, compared to the consensus estimate of $134.07 million. During the same period in the previous year, the business earned $0.32 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Equities analysts forecast that Brandywine Realty Trust will post $0.24 EPS for the current year.
Several research firms have commented on BDN. Zacks Investment Research downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Thursday, September 7th. BidaskClub downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. KeyCorp reissued a “hold” rating on shares of Brandywine Realty Trust in a report on Friday, August 25th. ValuEngine raised Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Mizuho raised Brandywine Realty Trust from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $16.00 to $19.00 in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.58.
In other Brandywine Realty Trust news, Director Wyche Fowler sold 1,824 shares of Brandywine Realty Trust stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $16.82, for a total transaction of $30,679.68. Following the completion of the sale, the director now owns 64,948 shares of the company’s stock, valued at approximately $1,092,425.36. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Tom Wirth sold 2,500 shares of Brandywine Realty Trust stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $16.90, for a total value of $42,250.00. Following the sale, the insider now directly owns 110,473 shares of the company’s stock, valued at approximately $1,866,993.70. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 116,407 shares of company stock valued at $1,929,024. 1.76% of the stock is currently owned by insiders.
Brandywine Realty Trust 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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