Investment Counselors of Maryland LLC increased its position in Brandywine Realty Trust (NYSE:BDN) by 43.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,349,775 shares of the real estate investment trust’s stock after acquiring an additional 405,629 shares during the period. Investment Counselors of Maryland LLC owned approximately 0.76% of Brandywine Realty Trust worth $21,218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently modified their holdings of the company. Qube Research & Technologies Ltd purchased a new position in Brandywine Realty Trust in the 2nd quarter worth $103,000. Tower Research Capital LLC TRC grew its position in Brandywine Realty Trust by 488.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,198 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 5,974 shares during the period. First Hawaiian Bank acquired a new stake in Brandywine Realty Trust during the 3rd quarter worth about $138,000. First Bank & Trust grew its position in Brandywine Realty Trust by 136.5% during the 2nd quarter. First Bank & Trust now owns 8,577 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 4,950 shares during the period. Finally, NumerixS Investment Technologies Inc grew its position in Brandywine Realty Trust by 350.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 10,800 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 8,400 shares during the period. Institutional investors own 99.94% of the company’s stock.
NYSE:BDN opened at $14.39 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.24 and a quick ratio of 2.24. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 1.87 and a beta of 0.93. Brandywine Realty Trust has a 52 week low of $13.92 and a 52 week high of $18.69.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.27). Brandywine Realty Trust had a net margin of 16.26% and a return on equity of 4.98%. The company had revenue of $135.00 million during the quarter, compared to analysts’ expectations of $136.73 million. During the same period last year, the firm earned $0.35 earnings per share. Brandywine Realty Trust’s revenue was up 5.1% on a year-over-year basis. On average, sell-side analysts anticipate that Brandywine Realty Trust will post 1.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Thursday, October 4th were issued a dividend of $0.18 per share. The ex-dividend date was Wednesday, October 3rd. This represents a $0.72 annualized dividend and a yield of 5.00%. Brandywine Realty Trust’s dividend payout ratio is currently 54.96%.
A number of equities research analysts have recently commented on the company. ValuEngine cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Raymond James dropped their target price on Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Barclays restated a “hold” rating and set a $16.00 target price on shares of Brandywine Realty Trust in a research report on Sunday, October 14th. Finally, Citigroup dropped their target price on Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $17.14.
In other Brandywine Realty Trust news, EVP William D. Redd sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $16.45, for a total transaction of $493,500.00. Following the transaction, the executive vice president now directly owns 64,643 shares in the company, valued at $1,063,377.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.84% of the company’s stock.
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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 184 properties and 25.3 million square feet as of September 30, 2018, which excludes assets held for sale.
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