SG Americas Securities LLC grew its position in Brandywine Realty Trust (NYSE:BDN) by 258.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,388 shares of the real estate investment trust’s stock after purchasing an additional 24,792 shares during the quarter. SG Americas Securities LLC’s holdings in Brandywine Realty Trust were worth $601,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Honeywell International Inc. grew its position in shares of Brandywine Realty Trust by 27.8% in the third quarter. Honeywell International Inc. now owns 103,842 shares of the real estate investment trust’s stock valued at $1,816,000 after purchasing an additional 22,557 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Brandywine Realty Trust by 35.0% in the second quarter. TIAA CREF Investment Management LLC now owns 414,481 shares of the real estate investment trust’s stock valued at $7,266,000 after buying an additional 107,354 shares during the period. Franklin Resources Inc. boosted its stake in shares of Brandywine Realty Trust by 3.4% in the second quarter. Franklin Resources Inc. now owns 5,346,730 shares of the real estate investment trust’s stock valued at $93,728,000 after buying an additional 175,935 shares during the period. Virginia Retirement Systems ET AL boosted its stake in shares of Brandywine Realty Trust by 90.9% in the second quarter. Virginia Retirement Systems ET AL now owns 114,900 shares of the real estate investment trust’s stock valued at $2,014,000 after buying an additional 54,700 shares during the period. Finally, Citigroup Inc. boosted its stake in shares of Brandywine Realty Trust by 24.2% in the second quarter. Citigroup Inc. now owns 171,626 shares of the real estate investment trust’s stock valued at $3,009,000 after buying an additional 33,434 shares during the period. 98.79% of the stock is currently owned by institutional investors.
Shares of Brandywine Realty Trust (BDN) opened at $17.83 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.83 and a quick ratio of 1.83. Brandywine Realty Trust has a 12 month low of $15.39 and a 12 month high of $18.18. The stock has a market capitalization of $3,093.67, a P/E ratio of 12.96, a P/E/G ratio of 3.23 and a beta of 1.02.
Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.24). Brandywine Realty Trust had a return on equity of 2.12% and a net margin of 6.81%. The business had revenue of $128.43 million for the quarter, compared to the consensus estimate of $131.16 million. During the same quarter in the previous year, the company earned $0.33 earnings per share. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. research analysts predict that Brandywine Realty Trust will post 1.32 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, January 8th. This is a boost from Brandywine Realty Trust’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 4.04%. Brandywine Realty Trust’s dividend payout ratio is presently 400.03%.
In other Brandywine Realty Trust news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $17.41, for a total transaction of $87,050.00. Following the completion of the sale, the director now directly owns 60,237 shares in the company, valued at $1,048,726.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.76% of the stock is owned by corporate insiders.
Several brokerages recently issued reports on BDN. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. SunTrust Banks reiterated a “buy” rating and issued a $18.00 price target on shares of Brandywine Realty Trust in a research note on Friday, October 20th. KeyCorp reiterated a “hold” rating on shares of Brandywine Realty Trust in a research note on Sunday, September 24th. ValuEngine upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Evercore ISI upgraded Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $17.58.
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Brandywine Realty Trust 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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