Fort Washington Investment Advisors Inc. OH grew its holdings in Brandywine Realty Trust (NYSE:BDN) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 57,300 shares of the real estate investment trust’s stock after acquiring an additional 300 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Brandywine Realty Trust were worth $1,004,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. Clinton Group Inc. purchased a new stake in Brandywine Realty Trust during the first quarter worth $169,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Brandywine Realty Trust during the first quarter worth $171,000. Acadian Asset Management LLC purchased a new stake in Brandywine Realty Trust during the first quarter worth $179,000. Janney Montgomery Scott LLC purchased a new stake in Brandywine Realty Trust during the second quarter worth $180,000. Finally, Forward Management LLC boosted its holdings in Brandywine Realty Trust by 5.1% during the second quarter. Forward Management LLC now owns 10,608 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 513 shares in the last quarter. 98.71% of the stock is currently owned by institutional investors and hedge funds.
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In other Brandywine Realty Trust news, EVP William D. Redd sold 112,083 shares of the business’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $16.56, for a total transaction of $1,856,094.48. Following the sale, the executive vice president now directly owns 83,505 shares in the company, valued at approximately $1,382,842.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tom Wirth sold 2,500 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $16.90, for a total transaction of $42,250.00. Following the sale, the insider now owns 110,473 shares in the company, valued at $1,866,993.70. The disclosure for this sale can be found here. Insiders have sold a total of 116,407 shares of company stock worth $1,929,024 over the last 90 days. Insiders own 1.76% of the company’s stock.
BDN has been the topic of a number of recent analyst reports. Mizuho raised shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the stock from $16.00 to $19.00 in a report on Monday, July 10th. ValuEngine raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, KeyCorp reissued a “hold” rating on shares of Brandywine Realty Trust in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.58.
Brandywine Realty Trust (BDN) opened at 17.04 on Friday. Brandywine Realty Trust has a 52-week low of $14.04 and a 52-week high of $17.83. The firm has a market capitalization of $2.97 billion, a PE ratio of 193.64 and a beta of 1.04. The firm’s 50-day moving average is $16.88 and its 200-day moving average is $16.92.
Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.01 by $0.31. The company had revenue of $127.79 million for the quarter, compared to analyst estimates of $134.07 million. Brandywine Realty Trust had a net margin of 4.67% and a return on equity of 1.48%. The business’s revenue was up .5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.32 EPS. On average, analysts anticipate that Brandywine Realty Trust will post $0.24 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.64 annualized dividend and a dividend yield of 3.76%. Brandywine Realty Trust’s payout ratio is currently 800.10%.
Brandywine Realty Trust Company Profile
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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