Convergence Investment Partners LLC acquired a new stake in shares of Brandywine Realty Trust (NYSE:BDN) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 76,711 shares of the real estate investment trust’s stock, valued at approximately $1,395,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in BDN. Adviser Investments LLC purchased a new stake in shares of Brandywine Realty Trust in the 3rd quarter valued at approximately $182,000. Koch Industries Inc. purchased a new stake in shares of Brandywine Realty Trust in the 2nd quarter valued at approximately $212,000. Nisa Investment Advisors LLC grew its stake in shares of Brandywine Realty Trust by 31.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 12,500 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 3,000 shares during the period. Amica Retiree Medical Trust purchased a new stake in shares of Brandywine Realty Trust in the 3rd quarter valued at approximately $356,000. Finally, Schroder Investment Management Group purchased a new stake in shares of Brandywine Realty Trust in the 3rd quarter valued at approximately $383,000. 98.73% of the stock is owned by institutional investors.
Shares of Brandywine Realty Trust (NYSE:BDN) opened at $17.25 on Friday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.08. The firm has a market cap of $3,056.82, a P/E ratio of 107.82, a PEG ratio of 2.89 and a beta of 1.02. Brandywine Realty Trust has a one year low of $15.63 and a one year high of $18.69.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.24). The company had revenue of $128.43 million for the quarter, compared to analysts’ expectations of $131.16 million. Brandywine Realty Trust had a return on equity of 2.12% and a net margin of 6.81%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. sell-side analysts forecast that Brandywine Realty Trust will post 1.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, January 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.17%. This is a boost from Brandywine Realty Trust’s previous quarterly dividend of $0.16. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 450.03%.
BDN has been the subject of several analyst reports. SunTrust Banks reissued a “buy” rating and issued a $18.00 price target on shares of Brandywine Realty Trust in a research note on Friday, October 20th. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. KeyCorp reissued a “hold” rating on shares of Brandywine Realty Trust in a research note on Sunday, September 24th. Finally, Evercore ISI raised shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $18.40.
In related news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $17.41, for a total transaction of $87,050.00. Following the completion of the transaction, the director now owns 60,237 shares of the company’s stock, valued at approximately $1,048,726.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gerard H. Sweeney sold 20,000 shares of the stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $18.51, for a total transaction of $370,200.00. The disclosure for this sale can be found here. Insiders have sold a total of 34,241 shares of company stock valued at $628,301 in the last ninety days. 1.76% of the stock is currently owned by corporate insiders.
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About Brandywine Realty Trust
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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