Ameriprise Financial Inc. raised its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 0.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,108,307 shares of the real estate investment trust’s stock after purchasing an additional 9,139 shares during the quarter. Ameriprise Financial Inc. owned 0.63% of Brandywine Realty Trust worth $19,384,000 as of its most recent filing with the SEC.
Several other large investors also recently bought and sold shares of the company. Janney Montgomery Scott LLC bought a new stake in Brandywine Realty Trust in the second quarter valued at about $180,000. Adviser Investments LLC bought a new stake in Brandywine Realty Trust in the third quarter valued at about $182,000. GAM Holding AG increased its stake in Brandywine Realty Trust by 4.0% in the second quarter. GAM Holding AG now owns 15,128 shares of the real estate investment trust’s stock valued at $265,000 after acquiring an additional 578 shares during the period. Daiwa Securities Group Inc. increased its stake in Brandywine Realty Trust by 17.2% in the second quarter. Daiwa Securities Group Inc. now owns 15,700 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 2,300 shares during the period. Finally, Bank of Hawaii bought a new stake in Brandywine Realty Trust during the second quarter worth about $400,000. Institutional investors own 98.47% of the company’s stock.
BDN has been the topic of several research analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $18.00 price objective on shares of Brandywine Realty Trust in a research note on Friday, October 20th. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, October 12th. KeyCorp reiterated a “hold” rating on shares of Brandywine Realty Trust in a research report on Sunday, September 24th. Finally, Evercore ISI upgraded shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. Brandywine Realty Trust has a consensus rating of “Buy” and a consensus price target of $18.40.
In other news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $17.41, for a total transaction of $87,050.00. Following the completion of the sale, the director now owns 60,237 shares of the company’s stock, valued at $1,048,726.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Gerard H. Sweeney sold 9,241 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $18.51, for a total transaction of $171,050.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,241 shares of company stock worth $628,301. Company insiders own 1.76% of the company’s stock.
Shares of Brandywine Realty Trust (BDN) traded down $0.04 during midday trading on Tuesday, reaching $18.15. 1,164,494 shares of the company traded hands, compared to its average volume of 1,309,750. Brandywine Realty Trust has a fifty-two week low of $15.63 and a fifty-two week high of $18.69. The firm has a market capitalization of $3,170.00, a price-to-earnings ratio of 113.44, a P/E/G ratio of 3.24 and a beta of 1.02. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.83 and a quick ratio of 1.83.
Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.24). The firm had revenue of $128.43 million during the quarter, compared to analyst estimates of $131.16 million. Brandywine Realty Trust had a return on equity of 2.12% and a net margin of 6.81%. The company’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $0.33 earnings per share. equities research analysts anticipate that Brandywine Realty Trust will post 1.32 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a $0.18 dividend. The ex-dividend date is Monday, January 8th. This is a positive change from Brandywine Realty Trust’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 3.97%. Brandywine Realty Trust’s dividend payout ratio (DPR) is 400.00%.
Brandywine Realty Trust Company Profile
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC, Austin, Texas, and Other. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs.
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