River Wealth Advisors LLC raised its holdings in Brandywine Realty Trust (NYSE:BDN) by 3.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,567 shares of the real estate investment trust’s stock after purchasing an additional 2,888 shares during the quarter. River Wealth Advisors LLC’s holdings in Brandywine Realty Trust were worth $1,154,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of BDN. Norges Bank purchased a new position in shares of Brandywine Realty Trust in the 4th quarter valued at approximately $26,633,000. Geode Capital Management LLC lifted its stake in shares of Brandywine Realty Trust by 9.1% in the 4th quarter. Geode Capital Management LLC now owns 2,279,404 shares of the real estate investment trust’s stock valued at $29,335,000 after purchasing an additional 190,913 shares during the period. Deutsche Bank AG lifted its stake in shares of Brandywine Realty Trust by 163.2% in the 4th quarter. Deutsche Bank AG now owns 219,653 shares of the real estate investment trust’s stock valued at $2,825,000 after purchasing an additional 136,184 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Brandywine Realty Trust by 0.9% in the 1st quarter. State of Alaska Department of Revenue now owns 76,923 shares of the real estate investment trust’s stock valued at $1,218,000 after purchasing an additional 665 shares during the period. Finally, Virtu Financial LLC purchased a new position in shares of Brandywine Realty Trust in the 1st quarter valued at approximately $262,000. Institutional investors own 93.20% of the company’s stock.
In related news, Director James C. Diggs sold 3,700 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $14.84, for a total transaction of $54,908.00. Following the completion of the transaction, the director now owns 36,034 shares of the company’s stock, valued at approximately $534,744.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.32% of the stock is owned by company insiders.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.32). Brandywine Realty Trust had a net margin of 15.89% and a return on equity of 5.02%. The company had revenue of $144.20 million for the quarter, compared to the consensus estimate of $144.45 million. During the same period last year, the business earned $0.35 EPS. The firm’s quarterly revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts forecast that Brandywine Realty Trust will post 1.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend was Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 55.47%.
A number of research analysts have recently commented on the company. Zacks Investment Research cut Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. ValuEngine lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Argus raised Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research report on Monday, July 8th. Finally, Bank of America lowered Brandywine Realty Trust from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $16.50 to $15.50 in a research report on Tuesday, June 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $16.25.
Brandywine Realty Trust 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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