Bailard Inc. boosted its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 24.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,750 shares of the real estate investment trust’s stock after acquiring an additional 10,700 shares during the quarter. Bailard Inc.’s holdings in Brandywine Realty Trust were worth $845,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. raised its stake in Brandywine Realty Trust by 9.1% during the second quarter. BlackRock Inc. now owns 14,476,362 shares of the real estate investment trust’s stock worth $244,363,000 after acquiring an additional 1,207,466 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Brandywine Realty Trust by 7.6% during the third quarter. JPMorgan Chase & Co. now owns 9,590,384 shares of the real estate investment trust’s stock worth $150,760,000 after acquiring an additional 677,156 shares in the last quarter. Morgan Stanley raised its stake in Brandywine Realty Trust by 43.5% during the second quarter. Morgan Stanley now owns 3,571,044 shares of the real estate investment trust’s stock worth $60,280,000 after acquiring an additional 1,082,940 shares in the last quarter. Citadel Advisors LLC raised its stake in Brandywine Realty Trust by 53.7% during the third quarter. Citadel Advisors LLC now owns 3,340,822 shares of the real estate investment trust’s stock worth $52,518,000 after acquiring an additional 1,167,328 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Brandywine Realty Trust by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,933,959 shares of the real estate investment trust’s stock worth $49,526,000 after acquiring an additional 31,292 shares in the last quarter. Hedge funds and other institutional investors own 96.40% of the company’s stock.
Several research firms have issued reports on BDN. Raymond James dropped their price objective on Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. Zacks Investment Research lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, October 8th. Barclays restated a “hold” rating and issued a $16.00 target price on shares of Brandywine Realty Trust in a research note on Sunday, October 14th. Citigroup lowered their target price on Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, October 30th. Finally, ValuEngine lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. Brandywine Realty Trust has an average rating of “Hold” and an average price target of $17.14.
Shares of NYSE:BDN opened at $14.02 on Friday. Brandywine Realty Trust has a twelve month low of $13.69 and a twelve month high of $18.69. The firm has a market capitalization of $2.50 billion, a PE ratio of 10.70, a price-to-earnings-growth ratio of 1.84 and a beta of 0.96. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.24 and a quick ratio of 2.24.
Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Wednesday, October 17th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $135.00 million during the quarter, compared to analyst estimates of $136.73 million. During the same quarter last year, the business posted $0.35 earnings per share. The business’s quarterly revenue was up 5.1% compared to the same quarter last year. Equities analysts anticipate that Brandywine Realty Trust will post 1.37 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 22nd. Stockholders of record on Tuesday, January 8th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Monday, January 7th. This is a positive change from Brandywine Realty Trust’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.42%. Brandywine Realty Trust’s dividend payout ratio (DPR) is 54.96%.
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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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