Brandywine Realty Trust (BDN) is Dalton Greiner Hartman Maher & Co.’s 6th Largest Position
Dalton Greiner Hartman Maher & Co. cut its position in shares of Brandywine Realty Trust (NYSE:BDN) by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,580,821 shares of the company’s stock after selling 120,245 shares during the period. Brandywine Realty Trust makes up approximately 1.6% of Dalton Greiner Hartman Maher & Co.’s portfolio, making the stock its 6th largest position. Dalton Greiner Hartman Maher & Co. owned approximately 0.91% of Brandywine Realty Trust worth $24,692,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Foundry Partners LLC raised its position in shares of Brandywine Realty Trust by 1.8% in the third quarter. Foundry Partners LLC now owns 770,345 shares of the company’s stock worth $12,033,000 after buying an additional 13,461 shares in the last quarter. Macquarie Group Ltd. raised its position in shares of Brandywine Realty Trust by 8.6% in the second quarter. Macquarie Group Ltd. now owns 4,701,125 shares of the company’s stock worth $78,979,000 after buying an additional 372,343 shares in the last quarter. Legal & General Group Plc raised its position in shares of Brandywine Realty Trust by 17.2% in the second quarter. Legal & General Group Plc now owns 482,836 shares of the company’s stock worth $8,109,000 after buying an additional 70,718 shares in the last quarter. Westwood Holdings Group Inc. raised its position in shares of Brandywine Realty Trust by 124,193.6% in the second quarter. Westwood Holdings Group Inc. now owns 4,002,255 shares of the company’s stock worth $67,238,000 after buying an additional 3,999,035 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of Brandywine Realty Trust during the second quarter worth approximately $430,000.
Brandywine Realty Trust (NYSE:BDN) traded up 1.39% during mid-day trading on Thursday, reaching $15.29. The company had a trading volume of 225,948 shares. The stock has a 50 day moving average price of $15.70 and a 200-day moving average price of $15.68. The stock’s market capitalization is $2.66 billion. Brandywine Realty Trust has a 12-month low of $11.22 and a 12-month high of $17.05.
Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Wednesday, July 20th. The company reported $0.32 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Brandywine Realty Trust had a return on equity of 0.13% and a net margin of 0.46%. The business earned $127 million during the quarter, compared to analysts’ expectations of $126.64 million. During the same period in the previous year, the business earned $0.32 earnings per share. The firm’s revenue was down 12.7% on a year-over-year basis. Equities analysts anticipate 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. Investors of record on Wednesday, October 5th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Monday, October 3rd. Brandywine Realty Trust’s payout ratio is -1,500.00%.
A number of brokerages have commented on BDN. Zacks Investment Research lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, September 26th. JPMorgan Chase & Co. reaffirmed a “buy” rating and issued a $17.00 price objective on shares of Brandywine Realty Trust in a report on Friday, July 22nd. Mizuho lowered Brandywine Realty Trust from a “buy” rating to a “neutral” rating and set a $17.00 target price on the stock. in a report on Friday, July 22nd. Barclays PLC increased their target price on Brandywine Realty Trust from $16.00 to $17.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 19th. Finally, KeyCorp lowered Brandywine Realty Trust from a “sector weight” rating to an “underweight” rating and set a $14.00 target price on the stock. in a report on Friday, July 15th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.39.
In other news, insider Tom Wirth sold 5,000 shares of the company’s stock in a transaction dated Monday, July 25th. The stock was 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 directly owns 99,698 shares in the company, valued at approximately $1,663,959.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.98% of the company’s stock.
Brandywine Realty Trust Company Profile
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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