Macquarie Group Ltd. grew its position in Brandywine Realty Trust (NYSE:BDN) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,996,278 shares of the real estate investment trust’s stock after purchasing an additional 29,694 shares during the quarter. Macquarie Group Ltd. owned approximately 3.42% of Brandywine Realty Trust worth $109,374,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. APG Asset Management US Inc. bought a new position in shares of Brandywine Realty Trust in the fourth quarter valued at approximately $9,095,000. Swiss National Bank increased its position in Brandywine Realty Trust by 2.1% during the fourth quarter. Swiss National Bank now owns 298,800 shares of the real estate investment trust’s stock worth $5,435,000 after acquiring an additional 6,200 shares during the period. Citadel Advisors LLC increased its position in Brandywine Realty Trust by 86.0% during the third quarter. Citadel Advisors LLC now owns 1,683,287 shares of the real estate investment trust’s stock worth $29,441,000 after acquiring an additional 778,084 shares during the period. Asset Management One Co. Ltd. increased its position in Brandywine Realty Trust by 12.0% during the third quarter. Asset Management One Co. Ltd. now owns 415,751 shares of the real estate investment trust’s stock worth $7,292,000 after acquiring an additional 44,670 shares during the period. Finally, California Public Employees Retirement System increased its position in Brandywine Realty Trust by 6.6% during the third quarter. California Public Employees Retirement System now owns 517,954 shares of the real estate investment trust’s stock worth $9,059,000 after acquiring an additional 32,203 shares during the period.
Shares of Brandywine Realty Trust (NYSE BDN) opened at $16.07 on Friday. Brandywine Realty Trust has a 52 week low of $15.45 and a 52 week high of $18.69. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 1.05. The company has a market cap of $2,865.79, a price-to-earnings ratio of 24.72, a PEG ratio of 2.09 and a beta of 1.05.
Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Thursday, January 25th. The real estate investment trust reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). Brandywine Realty Trust had a net margin of 23.20% and a return on equity of 7.07%. The firm had revenue of $133.30 million during the quarter, compared to analyst estimates of $128.42 million. During the same quarter in the prior year, the firm posted $0.35 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. sell-side analysts expect that Brandywine Realty Trust will post 1.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, April 4th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, April 3rd. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.48%. Brandywine Realty Trust’s dividend payout ratio is 110.77%.
In related news, CEO Gerard H. Sweeney sold 9,241 shares of Brandywine Realty Trust stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $18.51, for a total value of $171,050.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.76% of the company’s stock.
A number of equities analysts recently issued reports on BDN shares. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, December 11th. Evercore ISI upgraded shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Barclays lifted their price target on shares of Brandywine Realty Trust from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 30th. KeyCorp upgraded shares of Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price target on the stock in a research note on Tuesday, December 19th. Finally, Stifel Nicolaus downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $19.00 to $17.00 in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $18.60.
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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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