California Public Employees Retirement System Sells 16,750 Shares of Brandywine Realty Trust (BDN)

California Public Employees Retirement System decreased its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 358,188 shares of the real estate investment trust’s stock after selling 16,750 shares during the quarter. California Public Employees Retirement System’s holdings in Brandywine Realty Trust were worth $4,610,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Perpetual Ltd lifted its position in shares of Brandywine Realty Trust by 17.0% in the fourth quarter. Perpetual Ltd now owns 259,297 shares of the real estate investment trust’s stock valued at $3,353,000 after acquiring an additional 37,597 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Brandywine Realty Trust by 8.0% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 32,379 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 2,400 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Brandywine Realty Trust by 102.2% in the fourth quarter. First Trust Advisors LP now owns 589,822 shares of the real estate investment trust’s stock valued at $7,591,000 after acquiring an additional 298,129 shares in the last quarter. Prudential Financial Inc. lifted its position in shares of Brandywine Realty Trust by 80.5% in the fourth quarter. Prudential Financial Inc. now owns 462,245 shares of the real estate investment trust’s stock worth $5,949,000 after buying an additional 206,200 shares in the last quarter. Finally, Westpac Banking Corp lifted its position in shares of Brandywine Realty Trust by 5.6% in the fourth quarter. Westpac Banking Corp now owns 194,575 shares of the real estate investment trust’s stock worth $2,504,000 after buying an additional 10,302 shares in the last quarter. Institutional investors and hedge funds own 92.58% of the company’s stock.

NYSE:BDN opened at $15.56 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $2.74 billion, a P/E ratio of 11.36, a PEG ratio of 2.40 and a beta of 1.15. Brandywine Realty Trust has a 12 month low of $12.32 and a 12 month high of $17.23.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Wednesday, January 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $139.20 million for the quarter, compared to the consensus estimate of $136.52 million. Brandywine Realty Trust had a return on equity of 7.44% and a net margin of 25.04%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. On average, equities research analysts anticipate that Brandywine Realty Trust will post 1.4 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.88%. Brandywine Realty Trust’s dividend payout ratio is currently 55.47%.

In other Brandywine Realty Trust news, insider Gerard H. Sweeney sold 84,973 shares of the business’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $15.90, for a total transaction of $1,351,070.70. Following the sale, the insider now directly owns 1,304,831 shares of the company’s stock, valued at $20,746,812.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Gerard H. Sweeney sold 190,000 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The stock was sold at an average price of $15.81, for a total value of $3,003,900.00. Following the sale, the insider now directly owns 1,359,858 shares in the company, valued at $21,499,354.98. The disclosure for this sale can be found here. 1.84% of the stock is currently owned by insiders.

A number of equities research analysts recently commented on the company. Bank of America downgraded Brandywine Realty Trust from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $17.00 to $16.50 in a research report on Monday, February 25th. Barclays upgraded Brandywine Realty Trust from an “equal weight” rating to an “overweight” rating and set a $17.00 target price on the stock in a research report on Monday, February 4th. Zacks Investment Research downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. Finally, Raymond James downgraded Brandywine Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Brandywine Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $16.64.

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Brandywine Realty Trust Company Profile

Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, DC, and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.

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

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