Trillium Asset Management LLC reduced its position in Brandywine Realty Trust (NYSE:BDN) by 5.7% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 181,574 shares of the company’s stock after selling 10,924 shares during the period. Trillium Asset Management LLC’s holdings in Brandywine Realty Trust were worth $3,050,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of BDN. Independent Portfolio Consultants Inc. boosted its stake in shares of Brandywine Realty Trust by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 11,935 shares of the company’s stock worth $201,000 after buying an additional 30 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Brandywine Realty Trust by 1.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,300 shares of the company’s stock valued at $106,000 after buying an additional 100 shares during the period. BlackRock Japan Co. Ltd boosted its position in 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 period. Genesee Valley Trust Co. boosted its position in Brandywine Realty Trust by 4.1% in the second quarter. Genesee Valley Trust Co. now owns 13,211 shares of the company’s stock valued at $222,000 after buying an additional 526 shares during the period. Finally, Teachers Advisors Inc. boosted its position in Brandywine Realty Trust by 1.5% in the first quarter. Teachers Advisors Inc. now owns 163,089 shares of the company’s stock valued at $2,288,000 after buying an additional 2,335 shares during the period.
Brandywine Realty Trust (NYSE:BDN) traded down 0.47% during midday trading on Friday, hitting $14.97. The stock had a trading volume of 1,203,659 shares. The firm’s market capitalization is $2.61 billion. Brandywine Realty Trust has a 52-week low of $11.22 and a 52-week high of $17.05. The firm has a 50-day moving average of $15.87 and a 200 day moving average of $15.63.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Wednesday, July 20th. The company reported $0.32 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $127 million for the quarter, compared to analyst estimates of $126.64 million. Brandywine Realty Trust had a net margin of 0.46% and a return on equity of 0.13%. Brandywine Realty Trust’s revenue was down 12.7% compared to the same quarter last year. During the same period last year, the company posted $0.32 earnings per share. On average, equities analysts forecast that Brandywine Realty Trust will post $1.29 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.28%. The ex-dividend date is Monday, October 3rd. Brandywine Realty Trust’s payout ratio is -1,500.00%.
Several research firms recently issued reports on BDN. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Brandywine Realty Trust in a research report on Friday, July 22nd. Zacks Investment Research cut Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, July 20th. Barclays PLC upped their price objective on Brandywine Realty Trust from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 19th. Citigroup Inc. upped their price objective on Brandywine Realty Trust from $15.00 to $16.50 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Finally, KeyCorp cut 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 report on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $16.35.
In other Brandywine Realty Trust news, insider Tom Wirth sold 5,000 shares of Brandywine Realty Trust stock in a transaction on Monday, July 25th. The shares were sold at an average price of $16.69, for a total value of $83,450.00. Following the transaction, the insider now directly owns 99,698 shares of the company’s stock, valued at $1,663,959.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.98% of the stock is currently owned by company insiders.
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.
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