Westpac Banking Corp cut its position in shares of Brandywine Realty Trust (NYSE:BDN) by 15.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 441,359 shares of the company’s stock after selling 77,880 shares during the period. Westpac Banking Corp owned 0.25% of Brandywine Realty Trust worth $7,415,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of BDN. Independent Portfolio Consultants Inc. raised its position in shares of Brandywine Realty Trust by 0.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 11,935 shares of the company’s stock worth $201,000 after buying an additional 30 shares in the last quarter. Daiwa Securities Group Inc. raised its position 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 worth $106,000 after buying an additional 100 shares during the period. BlackRock Japan Co. Ltd raised its position in Brandywine Realty Trust by 1.6% in the first quarter. BlackRock Japan Co. Ltd now owns 9,280 shares of the company’s stock worth $130,000 after buying an additional 143 shares during the period. Commonwealth Equity Services Inc raised its position in Brandywine Realty Trust by 1.0% in the second quarter. Commonwealth Equity Services Inc now owns 21,090 shares of the company’s stock worth $354,000 after buying an additional 218 shares during the period. Finally, Genesee Valley Trust Co. raised its position 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 worth $222,000 after buying an additional 526 shares during the period.

Shares of Brandywine Realty Trust (NYSE:BDN) traded up 0.72% during mid-day trading on Monday, hitting $15.33. 95,161 shares of the stock were exchanged. Brandywine Realty Trust has a one year low of $11.22 and a one year high of $17.05. The company has a 50-day moving average of $16.43 and a 200 day moving average of $15.38. The stock’s market cap is $2.67 billion.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Wednesday, July 20th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Brandywine Realty Trust had a net margin of 0.46% and a return on equity of 0.13%. The company had revenue of $127 million for the quarter, compared to analyst estimates of $126.64 million. During the same period in the prior year, the business posted $0.32 earnings per share. The firm’s revenue for the quarter was down 12.7% compared to the same quarter last year. On average, equities analysts predict that Brandywine Realty Trust will post $1.30 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be given a dividend of $0.16 per share. The ex-dividend date is Monday, October 3rd. This represents a $0.64 annualized dividend and a yield of 4.20%. Brandywine Realty Trust’s payout ratio is currently -1,500.00%.

BDN has been the topic of a number of research reports. Zacks Investment Research lowered shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, July 26th. JPMorgan Chase & Co. reissued a “buy” rating and issued a $17.00 target price on shares of Brandywine Realty Trust in a research note on Friday, July 22nd. Barclays PLC raised their target price on shares of Brandywine Realty Trust from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 19th. Citigroup Inc. raised their target price on shares of Brandywine Realty Trust from $15.00 to $16.50 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Finally, KeyCorp lowered shares of 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 note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $16.35.

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney sold 60,000 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $15.74, for a total transaction of $944,400.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $83,450.00. Following the transaction, the insider now owns 99,698 shares in the company, valued at $1,663,959.62. The disclosure for this sale can be found here. Company insiders own 1.98% of the company’s stock.

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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