TIAA CREF Investment Management LLC Buys 107,354 Shares of Brandywine Realty Trust (BDN)

TIAA CREF Investment Management LLC raised its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 35.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 414,481 shares of the real estate investment trust’s stock after buying an additional 107,354 shares during the quarter. TIAA CREF Investment Management LLC owned about 0.24% of Brandywine Realty Trust worth $7,266,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in BDN. Bank of New York Mellon Corp raised its stake in shares of Brandywine Realty Trust by 3.3% in the first quarter. Bank of New York Mellon Corp now owns 1,153,470 shares of the real estate investment trust’s stock worth $18,721,000 after purchasing an additional 37,302 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Brandywine Realty Trust by 23.2% during the first quarter. UBS Asset Management Americas Inc. now owns 394,057 shares of the real estate investment trust’s stock valued at $6,396,000 after acquiring an additional 74,096 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Brandywine Realty Trust by 3.5% during the first quarter. Envestnet Asset Management Inc. now owns 17,446 shares of the real estate investment trust’s stock valued at $283,000 after acquiring an additional 594 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Brandywine Realty Trust during the first quarter valued at $171,000. Finally, SG Americas Securities LLC increased its position in Brandywine Realty Trust by 71.0% during the first quarter. SG Americas Securities LLC now owns 12,117 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 5,029 shares during the last quarter. Institutional investors and hedge funds own 98.38% of the company’s stock.

In other news, Director Wyche Fowler sold 1,824 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $16.82, for a total transaction of $30,679.68. Following the sale, the director now directly owns 64,948 shares in the company, valued at approximately $1,092,425.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP William D. Redd sold 112,083 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now owns 83,505 shares in the company, valued at $1,382,842.80. The disclosure for this sale can be found here. Insiders have sold a total of 116,407 shares of company stock worth $1,929,024 over the last 90 days. Insiders own 1.76% of the company’s stock.

A number of research firms recently commented on BDN. KeyCorp reiterated a “hold” rating on shares of Brandywine Realty Trust in a research report on Sunday, September 24th. BidaskClub cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. ValuEngine upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Mizuho upgraded Brandywine Realty Trust from a “neutral” rating to a “buy” rating and upped their price objective for the company from $16.00 to $19.00 in a research report on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.50.

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Brandywine Realty Trust (NYSE BDN) opened at 18.02 on Thursday. The stock has a 50 day moving average price of $17.24 and a 200-day moving average price of $17.09. Brandywine Realty Trust has a 1-year low of $14.04 and a 1-year high of $18.09. The company has a market cap of $3.14 billion, a price-to-earnings ratio of 204.77 and a beta of 1.05.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.31. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. The firm had revenue of $127.79 million for the quarter, compared to analysts’ expectations of $134.07 million. During the same period last year, the firm earned $0.32 EPS. The company’s quarterly revenue was up .5% on a year-over-year basis. On average, equities research analysts forecast that Brandywine Realty Trust will post $0.24 EPS for the current year.

The firm 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 dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date is Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 800.10%.

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

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