Westwood Holdings Group Inc. reduced its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 9.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 3,372,865 shares of the real estate investment trust’s stock after selling 357,744 shares during the period. Westwood Holdings Group Inc. owned about 1.93% of Brandywine Realty Trust worth $59,084,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of BDN. Goldman Sachs Group Inc. raised its position in Brandywine Realty Trust by 83.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,808,499 shares of the real estate investment trust’s stock valued at $29,352,000 after purchasing an additional 822,845 shares in the last quarter. Virginia Retirement Systems ET AL raised its position in Brandywine Realty Trust by 90.9% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 114,900 shares of the real estate investment trust’s stock valued at $2,014,000 after purchasing an additional 54,700 shares in the last quarter. Clinton Group Inc. bought a new stake in Brandywine Realty Trust during the 1st quarter valued at $169,000. Thrivent Financial For Lutherans raised its position in Brandywine Realty Trust by 0.9% during the 1st quarter. Thrivent Financial For Lutherans now owns 68,904 shares of the real estate investment trust’s stock valued at $1,118,000 after purchasing an additional 600 shares in the last quarter. Finally, Presima Inc. raised its position in Brandywine Realty Trust by 2.5% during the 2nd quarter. Presima Inc. now owns 177,400 shares of the real estate investment trust’s stock valued at $3,110,000 after purchasing an additional 4,400 shares in the last quarter. 98.38% of the stock is owned by hedge funds and other institutional investors.
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Shares of Brandywine Realty Trust (NYSE:BDN) traded up 0.17% on Thursday, hitting $18.05. The stock had a trading volume of 459,114 shares. The stock has a 50 day moving average of $17.24 and a 200 day moving average of $17.09. Brandywine Realty Trust has a 12-month low of $14.04 and a 12-month high of $18.11. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 205.11 and a beta of 1.05.
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, beating the consensus estimate of $0.01 by $0.31. The business had revenue of $127.79 million for the quarter, compared to analysts’ expectations of $134.07 million. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. The company’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. Equities 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. This represents a $0.64 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Tuesday, October 3rd. Brandywine Realty Trust’s payout ratio is currently 800.10%.
In other news, Director Wyche Fowler sold 1,824 shares of the 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 sale, the director now directly owns 64,948 shares in the company, valued at $1,092,425.36. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tom Wirth sold 2,500 shares of the stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $16.90, for a total value of $42,250.00. Following the completion of the sale, the insider now owns 110,473 shares in the company, valued at $1,866,993.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 116,407 shares of company stock worth $1,929,024. Insiders own 1.76% of the company’s stock.
BDN has been the subject of a number of research analyst reports. Mizuho raised Brandywine Realty Trust from a “neutral” rating to a “buy” rating and lifted their target price for the company from $16.00 to $19.00 in a research report on Monday, July 10th. ValuEngine raised Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. BidaskClub raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Brandywine Realty Trust in a research report on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the stock. Brandywine Realty Trust currently has a consensus rating of “Hold” and an average target price of $17.50.
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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