Brandywine Realty Trust (BDN) Shares Sold by Real Estate Management Services LLC
Real Estate Management Services LLC reduced its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 14.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,247,600 shares of the company’s stock after selling 381,500 shares during the period. Brandywine Realty Trust accounts for approximately 6.6% of Real Estate Management Services LLC’s portfolio, making the stock its 2nd largest position. Real Estate Management Services LLC owned about 1.29% of Brandywine Realty Trust worth $37,760,000 as of its most recent SEC filing.
A number of other hedge funds have also bought and sold shares of the stock. Deprince Race & Zollo Inc. acquired a new stake in Brandywine Realty Trust during the second quarter valued at approximately $26,259,000. Capital Fund Management S.A. boosted its stake in Brandywine Realty Trust by 61.4% in the second quarter. Capital Fund Management S.A. now owns 183,099 shares of the company’s stock valued at $3,076,000 after buying an additional 69,681 shares in the last quarter. Genesee Valley Trust Co. boosted its stake in Brandywine Realty Trust by 4.1% in the second quarter. Genesee Valley Trust Co. now owns 13,211 shares of the company’s stock valued at $222,000 after buying an additional 526 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Brandywine Realty Trust by 1.6% in the second quarter. Daiwa Securities Group Inc. now owns 6,300 shares of the company’s stock valued at $106,000 after buying an additional 100 shares in the last quarter. Finally, Shinko Asset Management Co. Ltd. boosted its stake in Brandywine Realty Trust by 29.2% in the second quarter. Shinko Asset Management Co. Ltd. now owns 7,905,234 shares of the company’s stock valued at $132,808,000 after buying an additional 1,785,634 shares in the last quarter.
Brandywine Realty Trust (NYSE:BDN) traded down 1.16% during midday trading on Monday, hitting $15.28. The stock had a trading volume of 1,512,887 shares. Brandywine Realty Trust has a one year low of $11.22 and a one year high of $17.05. The company’s market cap is $2.66 billion. The stock’s 50-day moving average is $16.04 and its 200-day moving average is $15.59.
Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Wednesday, July 20th. The company reported $0.32 EPS for the quarter, hitting the consensus estimate of $0.32. The business had revenue of $127 million for the quarter, compared to the consensus estimate of $126.64 million. Brandywine Realty Trust had a return on equity of 0.13% and a net margin of 0.46%. Brandywine Realty Trust’s revenue was down 12.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. Equities analysts predict that Brandywine Realty Trust will post $1.29 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, October 5th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Monday, October 3rd. Brandywine Realty Trust’s payout ratio is currently -1,500.00%.
Several analysts recently commented on the company. Zacks Investment Research cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, September 26th. JPMorgan Chase & Co. restated a “buy” rating and issued a $17.00 target price on shares of Brandywine Realty Trust in a research report on Friday, July 22nd. Mizuho cut Brandywine Realty Trust from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research report on Friday, July 22nd. Barclays PLC raised their target price on Brandywine Realty Trust from $16.00 to $17.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 19th. Finally, KeyCorp cut Brandywine Realty Trust from a “sector weight” rating to an “underweight” rating and set a $14.00 target price on the stock. in a research report on Friday, July 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Brandywine Realty Trust currently has a consensus rating of “Hold” and a consensus target price of $16.35.
In related news, insider Tom Wirth sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $16.69, for a total value of $83,450.00. Following the completion of the transaction, the insider now owns 99,698 shares in the company, valued at approximately $1,663,959.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.98% of the stock is owned by insiders.
About Brandywine Realty Trust
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office, industrial, retail and mixed-use properties. The Company manages its portfolio within four segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC and Austin, Texas.
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