Brandywine Realty Trust (BDN) Shares Sold by LSV Asset Management
LSV Asset Management cut its holdings in Brandywine Realty Trust (NYSE:BDN) by 33.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,151,942 shares of the real estate investment trust’s stock after selling 566,100 shares during the period. LSV Asset Management owned 0.66% of Brandywine Realty Trust worth $20,193,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of BDN. Teachers Advisors LLC lifted its holdings in Brandywine Realty Trust by 6.0% in the 4th quarter. Teachers Advisors LLC now owns 185,834 shares of the real estate investment trust’s stock worth $3,068,000 after purchasing an additional 10,532 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Brandywine Realty Trust in the 1st quarter worth approximately $179,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in Brandywine Realty Trust by 1.9% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 27,939 shares of the real estate investment trust’s stock worth $453,000 after purchasing an additional 522 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Brandywine Realty Trust by 0.7% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 170,173 shares of the real estate investment trust’s stock worth $2,762,000 after purchasing an additional 1,265 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Brandywine Realty Trust by 36.7% in the 1st quarter. Daiwa Securities Group Inc. now owns 13,400 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 3,600 shares in the last quarter. 98.71% of the stock is currently owned by institutional investors.
Shares of Brandywine Realty Trust (NYSE:BDN) opened at 16.99 on Wednesday. Brandywine Realty Trust has a one year low of $14.04 and a one year high of $17.83. The stock’s 50 day moving average price is $16.87 and its 200 day moving average price is $16.92. The stock has a market capitalization of $2.96 billion, a PE ratio of 193.07 and a beta of 1.04.
Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.31. The business had revenue of $127.79 million for the quarter, compared to the consensus estimate of $134.07 million. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 earnings per share. Equities research analysts predict that Brandywine Realty Trust will post $0.24 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, October 4th will be given a $0.16 dividend. The ex-dividend date is Tuesday, October 3rd. This represents a $0.64 annualized dividend and a dividend yield of 3.77%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 800.10%.
BDN has been the topic of a number of research analyst reports. Mizuho raised Brandywine Realty Trust from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $16.00 to $19.00 in a report on Monday, July 10th. ValuEngine raised Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Zacks Investment Research raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Finally, KeyCorp reissued a “hold” rating on shares of Brandywine Realty Trust in a report on Friday, August 25th. 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. Brandywine Realty Trust has a consensus rating of “Hold” and an average price target of $17.58.
In other news, insider Tom Wirth sold 2,500 shares of the firm’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 value of $42,250.00. Following the transaction, the insider now owns 110,473 shares in the company, valued at $1,866,993.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Wyche Fowler sold 1,824 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $16.82, for a total value of $30,679.68. Following the completion of the transaction, the director now owns 64,948 shares in the company, valued at approximately $1,092,425.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 116,407 shares of company stock worth $1,929,024. Company insiders own 1.76% of the company’s stock.
Brandywine Realty Trust 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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