Strs Ohio reduced its stake in Brandywine Realty Trust (NYSE:BDN) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 262,735 shares of the company’s stock after selling 6,664 shares during the period. Strs Ohio’s holdings in Brandywine Realty Trust were worth $4,413,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Kempen Capital Management N.V. boosted its position in shares of Brandywine Realty Trust by 18.8% in the first quarter. Kempen Capital Management N.V. now owns 88,374 shares of the company’s stock valued at $1,240,000 after buying an additional 13,956 shares during the last quarter. NWQ Investment Management Company LLC boosted its position in shares of Brandywine Realty Trust by 9.2% in the first quarter. NWQ Investment Management Company LLC now owns 6,114,736 shares of the company’s stock valued at $85,790,000 after buying an additional 513,734 shares during the last quarter. ING Groep NV purchased a new position in shares of Brandywine Realty Trust during the first quarter valued at about $2,806,000. Menta Capital LLC purchased a new position in shares of Brandywine Realty Trust during the first quarter valued at about $616,000. Finally, BlackRock Japan Co. Ltd boosted its position in shares of Brandywine Realty Trust by 1.6% in the first quarter. BlackRock Japan Co. Ltd now owns 9,280 shares of the company’s stock valued at $130,000 after buying an additional 143 shares during the last quarter.
Shares of Brandywine Realty Trust (NYSE:BDN) traded up 2.24% during mid-day trading on Thursday, reaching $15.04. The company had a trading volume of 2,415,760 shares. Brandywine Realty Trust has a 52 week low of $11.22 and a 52 week high of $17.05. The stock has a 50 day moving average of $15.87 and a 200-day moving average of $15.63. The company’s market capitalization is $2.62 billion.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, July 20th. The company reported $0.32 EPS for the quarter, meeting the consensus estimate of $0.32. Brandywine Realty Trust had a return on equity of 0.13% and a net margin of 0.46%. The firm earned $127 million during the quarter, compared to analysts’ expectations of $126.64 million. During the same quarter last year, the firm earned $0.32 earnings per share. The business’s revenue for the quarter was down 12.7% on a year-over-year basis. On average, analysts expect that Brandywine Realty Trust will post $1.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be paid a dividend of $0.16 per share. The ex-dividend date is Monday, October 3rd. This represents a $0.64 annualized dividend and a yield of 4.26%. Brandywine Realty Trust’s dividend payout ratio (DPR) is -1,500.00%.
Several research analysts have issued reports on the company. JPMorgan Chase & Co. reissued a “buy” rating and issued a $17.00 target price on shares of Brandywine Realty Trust in a research report on Friday, July 22nd. Zacks Investment Research downgraded Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, July 20th. Barclays PLC raised their price objective on Brandywine Realty Trust from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 19th. Citigroup Inc. raised their price objective on Brandywine Realty Trust from $15.00 to $16.50 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Finally, KeyCorp downgraded Brandywine Realty Trust from a “sector weight” rating to an “underweight” rating and set a $14.00 price objective on the stock. in a research note on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $16.35.
In other Brandywine Realty Trust news, insider Tom Wirth sold 5,000 shares of the firm’s stock in a transaction on Monday, July 25th. The stock was sold at an average price of $16.69, for a total transaction of $83,450.00. Following the completion of the sale, the insider now owns 99,698 shares of the company’s stock, valued at $1,663,959.62. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 1.98% of the company’s stock.
About Brandywine Realty Trust
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office, industrial, retail and mixed-use properties. The Company manages its portfolio within four segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC and Austin, Texas.
Want to see what other hedge funds are holding BDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brandywine Realty Trust (NYSE:BDN).
Receive News & Ratings for Brandywine Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brandywine Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.