Brandywine Realty Trust (NYSE:BDN) Shares Acquired by Prentiss Smith & Co. Inc.

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Prentiss Smith & Co. Inc. lifted its position in shares of Brandywine Realty Trust (NYSE:BDN) by 34.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 348,272 shares of the real estate investment trust’s stock after acquiring an additional 89,370 shares during the period. Brandywine Realty Trust makes up approximately 3.5% of Prentiss Smith & Co. Inc.’s investment portfolio, making the stock its 13th largest position. Prentiss Smith & Co. Inc.’s holdings in Brandywine Realty Trust were worth $5,276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Macquarie Group Ltd. raised its stake in shares of Brandywine Realty Trust by 5.8% during the 2nd quarter. Macquarie Group Ltd. now owns 5,663,839 shares of the real estate investment trust’s stock worth $81,106,000 after buying an additional 311,534 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Brandywine Realty Trust by 47.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,368,933 shares of the real estate investment trust’s stock worth $62,563,000 after buying an additional 1,415,051 shares during the last quarter. Centersquare Investment Management LLC raised its stake in shares of Brandywine Realty Trust by 32.5% during the 2nd quarter. Centersquare Investment Management LLC now owns 3,782,865 shares of the real estate investment trust’s stock worth $54,170,000 after buying an additional 926,847 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Brandywine Realty Trust by 29.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 3,384,670 shares of the real estate investment trust’s stock worth $48,469,000 after buying an additional 764,650 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Brandywine Realty Trust by 0.8% during the 2nd quarter. Northern Trust Corp now owns 2,188,226 shares of the real estate investment trust’s stock worth $31,335,000 after buying an additional 17,558 shares during the last quarter. 98.31% of the stock is owned by institutional investors and hedge funds.

Brandywine Realty Trust stock traded down $0.12 during midday trading on Tuesday, reaching $15.14. 1,235,650 shares of the company were exchanged, compared to its average volume of 1,574,881. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 3.42 and a beta of 0.91. The firm’s 50-day simple moving average is $14.89 and its 200-day simple moving average is $14.82. Brandywine Realty Trust has a 1 year low of $12.32 and a 1 year high of $16.18. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.78 and a current ratio of 1.78.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Thursday, October 17th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.32). The company had revenue of $145.33 million for the quarter, compared to analysts’ expectations of $143.24 million. Brandywine Realty Trust had a return on equity of 7.89% and a net margin of 24.28%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 EPS. On average, analysts forecast that Brandywine Realty Trust will post 1.41 EPS for the current fiscal year.

The business also recently disclosed a — dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were given a dividend of $0.19 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend was Wednesday, October 2nd. Brandywine Realty Trust’s dividend payout ratio is presently 55.47%.

BDN has been the subject of several research reports. Barclays set a $19.00 price target on Brandywine Realty Trust and gave the stock a “buy” rating in a research note on Friday, October 11th. Zacks Investment Research cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $16.88.

In related news, Director H Jeffrey Devuono sold 16,338 shares of Brandywine Realty Trust stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $15.33, for a total transaction of $250,461.54. Following the completion of the sale, the director now owns 196,750 shares in the company, valued at approximately $3,016,177.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Gerard H. Sweeney sold 115,885 shares of Brandywine Realty Trust stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $15.22, for a total value of $1,763,769.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 146,985 shares of company stock valued at $2,234,185. 1.32% of the stock is currently owned by company insiders.

About Brandywine Realty Trust

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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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).

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

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