M&T Bank Corp Reduces Stake in Brandywine Realty Trust (BDN)

M&T Bank Corp lowered its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 0.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,989 shares of the real estate investment trust’s stock after selling 27 shares during the period. M&T Bank Corp’s holdings in Brandywine Realty Trust were worth $333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Brandywine Realty Trust by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 28,607,123 shares of the real estate investment trust’s stock worth $464,293,000 after acquiring an additional 863,062 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Brandywine Realty Trust by 2.4% in the 2nd quarter. BlackRock Inc. now owns 12,174,726 shares of the real estate investment trust’s stock worth $213,422,000 after acquiring an additional 287,894 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Brandywine Realty Trust by 3.4% in the 2nd quarter. Franklin Resources Inc. now owns 5,346,730 shares of the real estate investment trust’s stock worth $93,728,000 after acquiring an additional 175,935 shares during the last quarter. State Street Corp raised its holdings in shares of Brandywine Realty Trust by 0.3% in the 1st quarter. State Street Corp now owns 4,817,685 shares of the real estate investment trust’s stock worth $78,192,000 after acquiring an additional 14,531 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Brandywine Realty Trust in the 2nd quarter worth about $63,926,000. Hedge funds and other institutional investors own 98.38% of the company’s stock.

Shares of Brandywine Realty Trust (NYSE:BDN) opened at 18.02 on Thursday. Brandywine Realty Trust has a 12 month low of $14.04 and a 12 month high of $18.09. The firm has a 50-day moving average of $17.24 and a 200-day moving average of $17.09. The company has a market capitalization of $3.14 billion, a P/E ratio of 204.77 and a beta of 1.05.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $134.07 million. Brandywine Realty Trust had a net margin of 4.67% and a return on equity of 1.48%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.32 earnings per share. On average, equities analysts predict that Brandywine Realty Trust will post $0.24 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, October 3rd. This represents a $0.64 annualized dividend and a yield of 3.55%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 800.10%.

BDN has been the topic of a number of analyst reports. BidaskClub lowered shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Mizuho upgraded shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $16.00 to $19.00 in a report on Monday, July 10th. Zacks Investment Research lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. KeyCorp restated a “hold” rating on shares of Brandywine Realty Trust in a report on Friday, August 25th. Finally, ValuEngine upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two 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’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.50.

TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Markets Daily and is the property of of Markets Daily. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.themarketsdaily.com/2017/10/12/mt-bank-corp-reduces-stake-in-brandywine-realty-trust-bdn.html.

In other news, EVP William D. Redd sold 112,083 shares of Brandywine Realty Trust stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $16.56, for a total value of $1,856,094.48. Following the completion of the sale, the executive vice president now directly owns 83,505 shares in the company, valued at $1,382,842.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tom Wirth sold 2,500 shares of Brandywine Realty Trust stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $16.90, for a total transaction of $42,250.00. Following the completion of the sale, the insider now owns 110,473 shares of the company’s stock, valued at $1,866,993.70. The disclosure for this sale can be found here. Insiders sold 116,407 shares of company stock valued at $1,929,024 over the last ninety days. Corporate 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.

Institutional Ownership by Quarter for Brandywine Realty Trust (NYSE:BDN)

Receive News & Ratings for Brandywine Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brandywine Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply