Rafferty Asset Management LLC Decreases Position in Brandywine Realty Trust (BDN)
Rafferty Asset Management LLC cut its position in shares of Brandywine Realty Trust (NYSE:BDN) by 17.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,595 shares of the real estate investment trust’s stock after selling 5,579 shares during the quarter. Rafferty Asset Management LLC’s holdings in Brandywine Realty Trust were worth $449,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its holdings in shares of Brandywine Realty Trust by 83.5% during the first quarter. Goldman Sachs Group Inc. now owns 1,808,499 shares of the real estate investment trust’s stock worth $29,352,000 after buying an additional 822,845 shares in the last quarter. Karp Capital Management Corp bought a new position in shares of Brandywine Realty Trust during the first quarter worth about $1,083,000. Clinton Group Inc. bought a new position in shares of Brandywine Realty Trust during the first quarter worth about $169,000. Thrivent Financial For Lutherans boosted its position in Brandywine Realty Trust by 0.9% during the first quarter. Thrivent Financial For Lutherans now owns 68,904 shares of the real estate investment trust’s stock valued at $1,118,000 after purchasing an additional 600 shares during the last quarter. Finally, Presima Inc. boosted its position in Brandywine Realty Trust by 2.5% during the second quarter. Presima Inc. now owns 177,400 shares of the real estate investment trust’s stock valued at $3,110,000 after purchasing an additional 4,400 shares during the last quarter. Institutional investors and hedge funds own 98.38% of the company’s stock.
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In other Brandywine Realty Trust news, insider Tom Wirth sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $16.90, for a total transaction of $42,250.00. Following the completion of the sale, the insider now directly owns 110,473 shares of the company’s stock, valued at approximately $1,866,993.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wyche Fowler sold 1,824 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $16.82, for a total value of $30,679.68. Following the sale, the director now directly owns 64,948 shares of the company’s stock, valued at $1,092,425.36. The disclosure for this sale can be found here. Insiders have sold a total of 116,407 shares of company stock valued at $1,929,024 over the last three months. Corporate insiders own 1.76% of the company’s stock.
Brandywine Realty Trust (NYSE:BDN) opened at 17.51 on Thursday. The firm has a market capitalization of $3.05 billion, a PE ratio of 198.98 and a beta of 1.04. The company’s 50-day moving average price is $16.89 and its 200 day moving average price is $16.93. Brandywine Realty Trust has a 12 month low of $14.04 and a 12 month high of $17.83.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Thursday, July 20th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.31. The firm had revenue of $127.79 million during the quarter, compared to analyst estimates of $134.07 million. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.32 EPS. On average, equities research analysts predict that Brandywine Realty Trust will post $0.24 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date of this dividend is Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio is currently 800.10%.
Several research 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 Tuesday, July 25th. KeyCorp reissued a “hold” rating on shares of Brandywine Realty Trust in a research report on Sunday. ValuEngine raised Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Finally, Mizuho raised Brandywine Realty Trust from a “neutral” rating to a “buy” rating and increased their price target for the company from $16.00 to $19.00 in a research report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.58.
About Brandywine Realty Trust
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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