California Public Employees Retirement System cut its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 17.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 401,362 shares of the real estate investment trust’s stock after selling 82,169 shares during the period. California Public Employees Retirement System’s holdings in Brandywine Realty Trust were worth $6,775,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the stock. Qube Research & Technologies Ltd purchased a new stake in shares of Brandywine Realty Trust during the second quarter valued at $103,000. Putnam Investments LLC boosted its position in shares of Brandywine Realty Trust by 14.1% during the second quarter. Putnam Investments LLC now owns 284,901 shares of the real estate investment trust’s stock valued at $4,809,000 after buying an additional 35,290 shares during the last quarter. Forsta AP Fonden purchased a new stake in shares of Brandywine Realty Trust during the second quarter valued at $461,000. Millennium Management LLC boosted its position in shares of Brandywine Realty Trust by 19.4% during the second quarter. Millennium Management LLC now owns 2,331,232 shares of the real estate investment trust’s stock valued at $39,351,000 after buying an additional 378,983 shares during the last quarter. Finally, V3 Capital Management L.P. purchased a new position in Brandywine Realty Trust in the second quarter worth about $36,905,000.
Shares of NYSE:BDN opened at $14.52 on Friday. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 11.20, a PEG ratio of 2.05 and a beta of 0.92. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.85 and a current ratio of 2.85. Brandywine Realty Trust has a 52-week low of $14.37 and a 52-week high of $18.69.
Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Thursday, July 19th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.27). The firm had revenue of $133.80 million during the quarter, compared to analysts’ expectations of $136.68 million. Brandywine Realty Trust had a return on equity of 8.38% and a net margin of 28.08%. The company’s revenue for the quarter was up 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.32 earnings per share. As a group, equities analysts anticipate that Brandywine Realty Trust will post 1.37 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Shareholders of record on Thursday, October 4th will be given a $0.18 dividend. The ex-dividend date is Wednesday, October 3rd. This represents a $0.72 annualized dividend and a yield of 4.96%. Brandywine Realty Trust’s payout ratio is 54.96%.
In other Brandywine Realty Trust news, insider Tom Wirth sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $16.52, for a total value of $49,560.00. Following the transaction, the insider now directly owns 145,316 shares of the company’s stock, valued at $2,400,620.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James C. Diggs sold 5,234 shares of the firm’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $16.09, for a total value of $84,215.06. Following the completion of the transaction, the director now directly owns 39,734 shares in the company, valued at $639,320.06. The disclosure for this sale can be found here. Insiders sold 43,234 shares of company stock worth $710,625 over the last three months. Insiders own 1.84% of the company’s stock.
BDN has been the topic of several research reports. Zacks Investment Research raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. ValuEngine cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Brandywine Realty Trust currently has an average rating of “Hold” and a consensus target price of $18.00.
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 184 properties and 25.3 million square feet as of June 30, 2018, which excludes assets held for sale.
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