Macquarie Group Ltd. grew its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,996,278 shares of the real estate investment trust’s stock after acquiring an additional 29,694 shares during the period. Macquarie Group Ltd. owned about 3.42% of Brandywine Realty Trust worth $109,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of BDN. Marathon Trading Investment Management LLC purchased a new position in shares of Brandywine Realty Trust during the 4th quarter valued at $182,000. JOYN Advisors Inc. purchased a new position in shares of Brandywine Realty Trust during the 4th quarter valued at $211,000. Jane Street Group LLC purchased a new position in shares of Brandywine Realty Trust during the 4th quarter valued at $225,000. Nisa Investment Advisors LLC lifted its stake in 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 worth $227,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Amica Retiree Medical Trust purchased a new stake in Brandywine Realty Trust in the 3rd quarter worth $356,000.
BDN stock traded down $0.19 during mid-day trading on Friday, reaching $15.34. The company had a trading volume of 1,184,780 shares, compared to its average volume of 1,423,166. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.64 and a quick ratio of 3.64. Brandywine Realty Trust has a 12 month low of $15.20 and a 12 month high of $18.69. The company has a market capitalization of $2,771.21, a P/E ratio of 11.71, a P/E/G ratio of 2.02 and a beta of 0.99.
Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Thursday, January 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $133.30 million for the quarter, compared to the consensus estimate of $128.42 million. During the same quarter in the prior year, the business posted $0.35 earnings per share. Brandywine Realty Trust’s revenue for the quarter was up .9% on a year-over-year basis. research analysts expect that Brandywine Realty Trust will post 1.37 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, April 4th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 4.69%. Brandywine Realty Trust’s payout ratio is 54.96%.
BDN has been the topic of several research analyst reports. Zacks Investment Research cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Barclays upped their target price on shares of Brandywine Realty Trust from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report 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 target price on the stock in a research report on Tuesday, December 19th. Finally, Stifel Nicolaus cut shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $19.00 to $17.00 in a research report on Tuesday, March 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the 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 (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, DC, and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 185 properties and 25.3 million square feet as of December 31, 2017, which excludes assets held for sale.
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