Millennium Management LLC increased its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 41.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,952,249 shares of the real estate investment trust’s stock after acquiring an additional 569,248 shares during the quarter. Millennium Management LLC’s holdings in Brandywine Realty Trust were worth $31,002,000 as of its most recent filing with the SEC.
Other hedge funds also recently made changes to their positions in the company. Adviser Investments LLC bought a new stake in shares of Brandywine Realty Trust during the 1st quarter worth about $149,000. Marathon Trading Investment Management LLC bought a new stake in shares of Brandywine Realty Trust during the 4th quarter worth about $182,000. Koch Industries Inc. bought a new stake in shares of Brandywine Realty Trust during the 1st quarter worth about $194,000. JOYN Advisors Inc. bought a new stake in shares of Brandywine Realty Trust during the 4th quarter worth about $211,000. Finally, Jane Street Group LLC bought a new stake in shares of Brandywine Realty Trust during the 4th quarter worth about $225,000.
Brandywine Realty Trust opened at $16.60 on Thursday, according to MarketBeat. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 2.18 and a beta of 1.00. Brandywine Realty Trust has a 12-month low of $15.20 and a 12-month high of $18.69.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Thursday, April 19th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.07). The business had revenue of $136.36 million during the quarter, compared to the consensus estimate of $133.17 million. Brandywine Realty Trust had a net margin of 27.38% and a return on equity of 8.37%. The business’s revenue for the quarter was up 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.32 EPS. research analysts forecast that Brandywine Realty Trust will post 1.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 20th. Shareholders of record on Friday, July 6th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend is Thursday, July 5th. Brandywine Realty Trust’s dividend payout ratio is currently 54.96%.
Several analysts recently commented on the stock. ValuEngine downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. JPMorgan Chase & Co. reduced their target price on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, April 24th. SunTrust Banks set a $18.00 target price on shares of Brandywine Realty Trust and gave the stock a “buy” rating in a report on Monday, April 23rd. Stifel Nicolaus reduced their target price on shares of Brandywine Realty Trust from $17.00 to $16.00 and set a “hold” rating for the company in a report on Friday, April 20th. Finally, Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 17th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Brandywine Realty Trust has an average rating of “Hold” and an average price target of $18.17.
Brandywine Realty Trust Company 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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