Los Angeles Capital Management & Equity Research Inc. grew its position in shares of Brandywine Realty Trust (NYSE:BDN) by 10.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 528,202 shares of the real estate investment trust’s stock after buying an additional 49,165 shares during the quarter. Los Angeles Capital Management & Equity Research Inc. owned 0.30% of Brandywine Realty Trust worth $7,564,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. Norges Bank acquired a new position in Brandywine Realty Trust during the fourth quarter worth $26,633,000. Geode Capital Management LLC increased its stake in shares of Brandywine Realty Trust by 9.1% in the fourth quarter. Geode Capital Management LLC now owns 2,279,404 shares of the real estate investment trust’s stock worth $29,335,000 after purchasing an additional 190,913 shares during the period. Deutsche Bank AG increased its stake in shares of Brandywine Realty Trust by 163.2% in the fourth quarter. Deutsche Bank AG now owns 219,653 shares of the real estate investment trust’s stock worth $2,825,000 after purchasing an additional 136,184 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Brandywine Realty Trust by 0.9% in the first quarter. State of Alaska Department of Revenue now owns 76,923 shares of the real estate investment trust’s stock worth $1,218,000 after purchasing an additional 665 shares during the period. Finally, Virtu Financial LLC bought a new position in shares of Brandywine Realty Trust in the first quarter worth about $262,000. Institutional investors own 93.28% of the company’s stock.
BDN has been the topic of a number of recent research reports. Bank of America downgraded Brandywine Realty Trust from a “neutral” rating to an “underperform” rating and decreased their price objective for the company from $16.50 to $15.50 in a report on Tuesday, June 11th. ValuEngine cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Zacks Investment Research cut shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research note on Friday, July 26th. Finally, Argus upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Monday, July 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $16.25.
In other Brandywine Realty Trust news, Director James C. Diggs sold 3,700 shares of the business’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $14.84, for a total transaction of $54,908.00. Following the transaction, the director now owns 36,034 shares in the company, valued at $534,744.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.32% of the company’s stock.
Shares of NYSE:BDN traded down $0.05 on Tuesday, hitting $14.42. The company had a trading volume of 23,612 shares, compared to its average volume of 1,541,582. The stock’s 50-day moving average is $14.58. Brandywine Realty Trust has a 1 year low of $12.32 and a 1 year high of $17.00. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.23. The company has a market cap of $2.58 billion, a price-to-earnings ratio of 10.55, a price-to-earnings-growth ratio of 3.29 and a beta of 0.95.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.32). Brandywine Realty Trust had a return on equity of 5.02% and a net margin of 15.89%. The business had revenue of $144.20 million during the quarter, compared to the consensus estimate of $144.45 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. The firm’s revenue was up 7.8% compared to the same quarter last year. As a group, research analysts forecast that Brandywine Realty Trust will post 1.42 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.27%. The ex-dividend date was Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio is presently 55.47%.
Brandywine Realty Trust Company Profile
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, DC, and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.
Further Reading: What is the price-to-earnings growth (PEG) ratio?
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