Eii Capital Management Inc. Sells 193,624 Shares of Brandywine Realty Trust (BDN)

Eii Capital Management Inc. reduced its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 70.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,376 shares of the real estate investment trust’s stock after selling 193,624 shares during the quarter. Eii Capital Management Inc.’s holdings in Brandywine Realty Trust were worth $1,441,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of BDN. BlackRock Inc. boosted its stake in shares of Brandywine Realty Trust by 2.4% during the 2nd quarter. BlackRock Inc. now owns 12,174,726 shares of the real estate investment trust’s stock worth $213,422,000 after purchasing an additional 287,894 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Brandywine Realty Trust by 2.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,479,270 shares of the real estate investment trust’s stock worth $148,810,000 after purchasing an additional 237,279 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Brandywine Realty Trust by 21.0% during the 3rd quarter. Macquarie Group Ltd. now owns 5,966,584 shares of the real estate investment trust’s stock worth $104,356,000 after purchasing an additional 1,037,395 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Brandywine Realty Trust by 3.4% during the 2nd quarter. Franklin Resources Inc. now owns 5,346,730 shares of the real estate investment trust’s stock worth $93,728,000 after purchasing an additional 175,935 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in shares of Brandywine Realty Trust by 6.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 3,887,600 shares of the real estate investment trust’s stock worth $67,994,000 after purchasing an additional 240,925 shares during the last quarter. Hedge funds and other institutional investors own 98.79% of the company’s stock.

In related news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $17.41, for a total value of $87,050.00. Following the transaction, the director now owns 60,237 shares in the company, valued at $1,048,726.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.76% of the company’s stock.

Shares of Brandywine Realty Trust (NYSE:BDN) opened at $18.01 on Thursday. 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 cap of $3,160.35, a P/E ratio of 13.24, a P/E/G ratio of 3.20 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 (EPS) for the quarter, missing the Thomson Reuters’ 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 company had revenue of $128.43 million during the quarter, compared to analyst estimates of $131.16 million. During the same period in the prior year, the business posted $0.33 earnings per share. Brandywine Realty Trust’s revenue was down 1.0% on a year-over-year basis. analysts anticipate that Brandywine Realty Trust will post 1.32 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be issued a $0.18 dividend. This is a positive change from Brandywine Realty Trust’s previous quarterly dividend of $0.16. The ex-dividend date is Monday, January 8th. This represents a $0.72 annualized dividend and a yield of 4.00%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 400.03%.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. SunTrust Banks reaffirmed a “buy” rating and set a $18.00 price target on shares of Brandywine Realty Trust in a research note on Friday, October 20th. KeyCorp reaffirmed a “hold” rating on shares of Brandywine Realty Trust in a research note on Sunday, September 24th. ValuEngine raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Finally, Evercore ISI raised shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target 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.

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

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