Dupont Capital Management Corp bought a new position in Brandywine Realty Trust (NYSE:BDN) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 54,378 shares of the real estate investment trust’s stock, valued at approximately $951,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in BDN. Janney Montgomery Scott LLC acquired a new stake in shares of Brandywine Realty Trust in the second quarter worth approximately $180,000. Adviser Investments LLC acquired a new stake in shares of Brandywine Realty Trust in the third quarter worth approximately $182,000. Forward Management LLC boosted its position in shares of 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 during the last quarter. Koch Industries Inc. acquired a new stake in shares of Brandywine Realty Trust in the second quarter worth approximately $212,000. Finally, Paragon Capital Management Ltd boosted its position in shares of Brandywine Realty Trust by 49.3% in the second quarter. Paragon Capital Management Ltd now owns 14,944 shares of the real estate investment trust’s stock worth $262,000 after acquiring an additional 4,935 shares during the last quarter. 99.59% of the stock is currently owned by institutional investors and hedge funds.
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Brandywine Realty Trust (NYSE BDN) opened at $17.67 on Friday. Brandywine Realty Trust has a 1-year low of $14.19 and a 1-year high of $18.18. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.83 and a quick ratio of 1.83. The company has a market cap of $3,112.97, a P/E ratio of 13.04, a P/E/G ratio of 2.68 and a beta of 1.04.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.24). Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.12%. The business had revenue of $128.43 million during the quarter, compared to analysts’ expectations of $131.16 million. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s quarterly revenue was down 1.0% on a year-over-year basis. equities analysts expect that Brandywine Realty Trust will post 1.32 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Wednesday, October 4th were issued a $0.16 dividend. The ex-dividend date was Tuesday, October 3rd. This represents a $0.64 annualized dividend and a yield of 3.62%. Brandywine Realty Trust’s payout ratio is 400.03%.
Several equities research analysts recently issued reports on the stock. Zacks Investment Research cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. KeyCorp reissued a “hold” rating on shares of Brandywine Realty Trust in a research report on Sunday, September 24th. BidaskClub cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, SunTrust Banks, Inc. reissued a “buy” rating and issued a $18.00 target price on shares of Brandywine Realty Trust in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $17.58.
In other news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of Brandywine Realty Trust stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $17.41, for a total transaction of $87,050.00. Following the sale, the director now owns 60,237 shares in the company, valued at $1,048,726.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Wyche Fowler sold 1,824 shares of Brandywine Realty Trust stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $16.82, for a total transaction of $30,679.68. Following the sale, the director now owns 64,948 shares in the company, valued at approximately $1,092,425.36. The disclosure for this sale can be found here. Company 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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