Franklin Resources Inc. boosted its stake in Brandywine Realty Trust (NYSE:BDN) by 3.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,346,730 shares of the real estate investment trust’s stock after acquiring an additional 175,935 shares during the period. Franklin Resources Inc. owned 3.07% of Brandywine Realty Trust worth $93,728,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Clinton Group Inc. acquired a new stake in Brandywine Realty Trust in the first quarter valued at $169,000. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Brandywine Realty Trust in the first quarter valued at $171,000. Acadian Asset Management LLC acquired a new stake in Brandywine Realty Trust in the first quarter valued at $179,000. Janney Montgomery Scott LLC acquired a new stake in Brandywine Realty Trust in the second quarter valued at $180,000. Finally, Forward Management LLC raised its holdings in Brandywine Realty Trust by 5.1% in the second quarter. Forward Management LLC now owns 10,608 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 513 shares in the last quarter. 98.71% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. ValuEngine raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Mizuho raised shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and upped their price target for the company from $16.00 to $19.00 in a report on Monday, July 10th. Finally, KeyCorp reaffirmed 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 issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $17.58.
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 firm’s 50 day moving average is $16.87 and its 200-day moving average is $16.92. The firm 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 announced its quarterly earnings data on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping 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 net margin of 4.67% and a return on equity of 1.48%. Brandywine Realty Trust’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company posted $0.32 earnings per share. On average, equities research analysts predict that Brandywine Realty Trust will post $0.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Wednesday, October 4th will be paid 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 payout ratio is 800.10%.
In related news, insider Tom Wirth sold 2,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 110,473 shares of the company’s stock, valued at $1,866,993.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Wyche Fowler sold 1,824 shares of the firm’s stock in a transaction 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 completion of the transaction, 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. In the last 90 days, insiders sold 116,407 shares of company stock worth $1,929,024. 1.76% of the stock is currently owned by corporate insiders.
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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