Prentiss Smith & Co. Inc. cut its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 4.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 92,436 shares of the company’s stock after selling 4,448 shares during the period. Brandywine Realty Trust accounts for 0.9% of Prentiss Smith & Co. Inc.’s portfolio, making the stock its 23rd largest position. Prentiss Smith & Co. Inc. owned about 0.05% of Brandywine Realty Trust worth $1,500,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of BDN. M&T Bank Corp boosted its position in Brandywine Realty Trust by 3.6% in the third quarter. M&T Bank Corp now owns 24,347 shares of the company’s stock valued at $380,000 after buying an additional 841 shares during the period. River Wealth Advisors LLC boosted its position in Brandywine Realty Trust by 8.3% in the third quarter. River Wealth Advisors LLC now owns 79,469 shares of the company’s stock valued at $1,241,000 after buying an additional 6,111 shares during the period. Aperio Group LLC boosted its position in Brandywine Realty Trust by 2.3% in the third quarter. Aperio Group LLC now owns 61,196 shares of the company’s stock valued at $956,000 after buying an additional 1,371 shares during the period. First Trust Advisors LP boosted its position in Brandywine Realty Trust by 3.4% in the third quarter. First Trust Advisors LP now owns 123,603 shares of the company’s stock valued at $1,931,000 after buying an additional 4,068 shares during the period. Finally, Quantbot Technologies LP boosted its position in Brandywine Realty Trust by 33.3% in the third quarter. Quantbot Technologies LP now owns 68,881 shares of the company’s stock valued at $1,075,000 after buying an additional 17,210 shares during the period.
Brandywine Realty Trust (NYSE:BDN) traded down 0.798% during mid-day trading on Thursday, reaching $16.785. 462,364 shares of the company traded hands. Brandywine Realty Trust has a one year low of $13.97 and a one year high of $17.11. The firm has a market cap of $2.92 billion, a PE ratio of 89.282 and a beta of 1.05. The stock’s 50-day moving average price is $16.36 and its 200-day moving average price is $15.84.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Tuesday, January 31st. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.09. Brandywine Realty Trust had a net margin of 7.65% and a return on equity of 2.08%. The firm had revenue of $132.08 million for the quarter, compared to the consensus estimate of $135.56 million. During the same period in the prior year, the business earned $0.39 earnings per share. The company’s revenue for the quarter was down 14.2% on a year-over-year basis. Analysts forecast that Brandywine Realty Trust will post $0.17 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 19th. Investors of record on Wednesday, April 5th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Monday, April 3rd. Brandywine Realty Trust’s dividend payout ratio is currently 355.56%.
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Several research analysts have recently issued reports on the stock. Raymond James Financial, Inc. upgraded shares of Brandywine Realty Trust from a “market perform” rating to an “outperform” rating in a report on Monday, January 9th. Barclays PLC reissued a “neutral” rating on shares of Brandywine Realty Trust in a research note on Friday, February 10th. Zacks Investment Research lowered shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 3rd. Evercore ISI raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.50 target price for the company in a research note on Monday, December 19th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. lowered shares of Brandywine Realty Trust from an “overweight” rating to a “neutral” rating and set a $17.00 target price for the company. in a research note on Friday, December 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Brandywine Realty Trust has an average rating of “Hold” and an average price target of $16.25.
In other news, Director H Richard Haverstick, Jr. purchased 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, February 8th. The stock was purchased at an average cost of $15.98 per share, with a total value of $119,850.00. Following the acquisition, the director now directly owns 7,500 shares of the company’s stock, valued at approximately $119,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Gerard H. Sweeney sold 20,000 shares of Brandywine Realty Trust stock in a transaction dated Wednesday, January 18th. The shares were sold at an average price of $16.27, for a total transaction of $325,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 60,000 shares of company stock valued at $991,600 over the last three months. 1.98% of the stock is currently owned by insiders.
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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