State of Wisconsin Investment Board reduced its position in Brandywine Realty Trust (NYSE:BDN) by 63.3% during the first quarter, Holdings Channel reports. The institutional investor owned 34,259 shares of the real estate investment trust’s stock after selling 58,968 shares during the period. State of Wisconsin Investment Board’s holdings in Brandywine Realty Trust were worth $556,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Cadence Capital Management LLC purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter worth about $231,000. FMR LLC raised its stake in shares of Brandywine Realty Trust by 4.0% in the fourth quarter. FMR LLC now owns 18,419,116 shares of the real estate investment trust’s stock worth $304,099,000 after buying an additional 712,217 shares in the last quarter. Putnam Investments LLC raised its stake in shares of Brandywine Realty Trust by 44.3% in the fourth quarter. Putnam Investments LLC now owns 405,486 shares of the real estate investment trust’s stock worth $6,694,000 after buying an additional 124,469 shares in the last quarter. Comerica Bank raised its stake in shares of Brandywine Realty Trust by 20.3% in the fourth quarter. Comerica Bank now owns 125,047 shares of the real estate investment trust’s stock worth $1,998,000 after buying an additional 21,081 shares in the last quarter. Finally, Lincluden Management Ltd. raised its stake in shares of Brandywine Realty Trust by 51.8% in the fourth quarter. Lincluden Management Ltd. now owns 249,225 shares of the real estate investment trust’s stock worth $4,115,000 after buying an additional 85,015 shares in the last quarter. 99.20% of the stock is currently owned by hedge funds and other institutional investors.
Brandywine Realty Trust (BDN) opened at 17.44 on Friday. Brandywine Realty Trust has a 12 month low of $14.04 and a 12 month high of $17.78. The company’s 50-day moving average price is $17.26 and its 200-day moving average price is $16.51. The stock has a market cap of $3.04 billion, a P/E ratio of 379.13 and a beta of 1.09.
Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Wednesday, April 19th. The real estate investment trust reported $0.32 EPS for the quarter, meeting analysts’ consensus estimates of $0.32. The firm had revenue of $130.92 million for the quarter, compared to analysts’ expectations of $132.96 million. Brandywine Realty Trust had a return on equity of 0.81% and a net margin of 2.96%. Brandywine Realty Trust’s quarterly revenue was down 4.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.07) EPS. Equities analysts forecast that Brandywine Realty Trust will post $0.21 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Friday, July 7th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Wednesday, July 5th. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 1,600.00%.
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BDN has been the topic of a number of research analyst reports. Stifel Nicolaus raised Brandywine Realty Trust from a “hold” rating to a “buy” rating and lifted their price target for the stock from $17.00 to $19.00 in a research note on Thursday, April 20th. Stephens raised Brandywine Realty Trust to an “underweight” rating in a research note on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $16.75.
In other Brandywine Realty Trust news, EVP H Jeffrey Devuono sold 9,027 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $17.01, for a total transaction of $153,549.27. Following the sale, the executive vice president now owns 147,560 shares in the company, valued at approximately $2,509,995.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.76% of the stock is currently owned by corporate insiders.
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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