Heitman Real Estate Securities LLC increased its position in shares of Brandywine Realty Trust (NYSE:BDN) by 42.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,671,095 shares of the real estate investment trust’s stock after acquiring an additional 496,435 shares during the quarter. Brandywine Realty Trust comprises 1.7% of Heitman Real Estate Securities LLC’s holdings, making the stock its 23rd largest position. Heitman Real Estate Securities LLC’s holdings in Brandywine Realty Trust were worth $30,397,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of BDN. First Trust Advisors LP grew its stake in shares of Brandywine Realty Trust by 21.8% during the third quarter. First Trust Advisors LP now owns 63,248 shares of the real estate investment trust’s stock worth $1,106,000 after purchasing an additional 11,332 shares in the last quarter. Aperio Group LLC grew its stake in shares of Brandywine Realty Trust by 18.8% during the third quarter. Aperio Group LLC now owns 81,870 shares of the real estate investment trust’s stock worth $1,432,000 after purchasing an additional 12,928 shares in the last quarter. Dupont Capital Management Corp acquired a new position in shares of Brandywine Realty Trust during the third quarter worth $951,000. Stevens Capital Management LP acquired a new position in shares of Brandywine Realty Trust during the third quarter worth $930,000. Finally, Sei Investments Co. grew its stake in shares of Brandywine Realty Trust by 21.0% during the third quarter. Sei Investments Co. now owns 93,060 shares of the real estate investment trust’s stock worth $1,627,000 after purchasing an additional 16,171 shares in the last quarter.
In related news, CEO Gerard H. Sweeney sold 9,241 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $18.51, for a total value of $171,050.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.76% of the stock is owned by insiders.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Thursday, January 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). Brandywine Realty Trust had a net margin of 23.20% and a return on equity of 7.07%. The company had revenue of $133.30 million during the quarter, compared to analysts’ expectations of $128.42 million. During the same period last year, the firm earned $0.35 earnings per share. Brandywine Realty Trust’s revenue was up .9% on a year-over-year basis. equities analysts predict that Brandywine Realty Trust will post 1.37 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, April 4th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 4.40%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 110.77%.
A number of equities analysts recently commented on the stock. Evercore ISI upgraded shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. KeyCorp upgraded shares of Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 target price for the company in a research note on Tuesday, December 19th. Barclays boosted their target price on shares of Brandywine Realty Trust from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. Finally, Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $19.00.
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About Brandywine Realty Trust
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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