Brandywine Realty Trust (BDN) Stake Decreased by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD lowered its position in Brandywine Realty Trust (NYSE:BDN) by 15.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 307,182 shares of the real estate investment trust’s stock after selling 57,253 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD owned about 0.18% of Brandywine Realty Trust worth $5,372,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in shares of Brandywine Realty Trust by 83.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,808,499 shares of the real estate investment trust’s stock valued at $29,352,000 after acquiring an additional 822,845 shares during the period. Franklin Resources Inc. grew its holdings in shares of Brandywine Realty Trust by 3.4% in the second quarter. Franklin Resources Inc. now owns 5,346,730 shares of the real estate investment trust’s stock worth $93,728,000 after purchasing an additional 175,935 shares during the last quarter. TIAA CREF Investment Management LLC grew its holdings in shares of Brandywine Realty Trust by 35.0% in the second quarter. TIAA CREF Investment Management LLC now owns 414,481 shares of the real estate investment trust’s stock worth $7,266,000 after purchasing an additional 107,354 shares during the last quarter. Virginia Retirement Systems ET AL grew its holdings in shares of Brandywine Realty Trust by 90.9% in the second quarter. Virginia Retirement Systems ET AL now owns 114,900 shares of the real estate investment trust’s stock worth $2,014,000 after purchasing an additional 54,700 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Brandywine Realty Trust by 24.2% in the second quarter. Citigroup Inc. now owns 171,626 shares of the real estate investment trust’s stock worth $3,009,000 after purchasing an additional 33,434 shares during the last quarter. 98.48% of the stock is currently owned by institutional investors and hedge funds.

BDN has been the topic of a number of research analyst reports. ValuEngine upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. KeyCorp restated a “hold” rating on shares of Brandywine Realty Trust in a report on Friday, August 25th. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, September 1st. SunTrust Banks, Inc. restated a “buy” rating and issued a $18.00 price target on shares of Brandywine Realty Trust in a report on Friday, October 20th. Finally, Mizuho upgraded shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the stock from $16.00 to $19.00 in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $17.58.

TRADEMARK VIOLATION NOTICE: “Brandywine Realty Trust (BDN) Stake Decreased by Sumitomo Mitsui Asset Management Company LTD” was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are accessing this news story on another publication, it was illegally stolen and republished in violation of international trademark & copyright law. The correct version of this news story can be read at https://sportsperspectives.com/2017/11/01/brandywine-realty-trust-bdn-stake-decreased-by-sumitomo-mitsui-asset-management-company-ltd.html.

In other news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $17.41, for a total transaction of $87,050.00. Following the completion of the transaction, the director now directly owns 60,237 shares of the company’s stock, valued at $1,048,726.17. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Wyche Fowler sold 1,824 shares of the business’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $16.82, for a total value of $30,679.68. Following the transaction, the director now directly owns 64,948 shares of the company’s stock, valued at $1,092,425.36. The disclosure for this sale can be found here. Insiders have sold 121,407 shares of company stock worth $2,016,074 over the last quarter. Insiders own 1.76% of the company’s stock.

Brandywine Realty Trust (BDN) opened at 17.49 on Wednesday. Brandywine Realty Trust has a 12-month low of $14.04 and a 12-month high of $18.18. The stock has a 50 day moving average of $17.50 and a 200-day moving average of $17.21. The company has a market capitalization of $3.05 billion, a PE ratio of 198.75 and a beta of 1.05.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.24). The business had revenue of $128.43 million for the quarter, compared to analysts’ expectations of $131.16 million. Brandywine Realty Trust had a return on equity of 2.12% and a net margin of 6.81%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $0.33 earnings per share. Equities analysts expect that Brandywine Realty Trust will post $0.36 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, October 3rd. This represents a $0.64 dividend on an annualized basis and a yield of 3.66%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 400.03%.

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.

Want to see what other hedge funds are holding BDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brandywine Realty Trust (NYSE:BDN).

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

Receive News & Ratings for Brandywine Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brandywine Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply