BlackRock Inc. boosted its holdings in Brandywine Realty Trust (NYSE:BDN) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 13,228,278 shares of the real estate investment trust’s stock after acquiring an additional 987,496 shares during the quarter. BlackRock Inc. owned about 0.08% of Brandywine Realty Trust worth $240,624,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of BDN. Macquarie Group Ltd. increased its position in Brandywine Realty Trust by 21.0% in the 3rd quarter. Macquarie Group Ltd. now owns 5,966,584 shares of the real estate investment trust’s stock valued at $104,356,000 after acquiring an additional 1,037,395 shares during the period. Resolution Capital Ltd increased its position in Brandywine Realty Trust by 37.0% in the 4th quarter. Resolution Capital Ltd now owns 2,912,263 shares of the real estate investment trust’s stock valued at $52,974,000 after acquiring an additional 786,207 shares during the period. Citadel Advisors LLC increased its position in Brandywine Realty Trust by 86.0% in the 3rd quarter. Citadel Advisors LLC now owns 1,683,287 shares of the real estate investment trust’s stock valued at $29,441,000 after acquiring an additional 778,084 shares during the period. American Century Companies Inc. acquired a new stake in Brandywine Realty Trust in the 4th quarter valued at approximately $13,068,000. Finally, Deprince Race & Zollo Inc. increased its position in Brandywine Realty Trust by 67.5% in the 4th quarter. Deprince Race & Zollo Inc. now owns 1,382,974 shares of the real estate investment trust’s stock valued at $25,156,000 after acquiring an additional 557,557 shares during the period.
Brandywine Realty Trust (BDN) opened at $16.04 on Wednesday. Brandywine Realty Trust has a 1 year low of $15.45 and a 1 year high of $18.69. The stock has a market capitalization of $2,860.00, a price-to-earnings ratio of 24.68, a PEG ratio of 2.13 and a beta of 1.05. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.64 and a current ratio of 3.64.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, April 4th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Tuesday, April 3rd. Brandywine Realty Trust’s payout ratio is 110.77%.
BDN has been the topic of several research analyst reports. Evercore ISI upgraded Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Monday, December 11th. KeyCorp upgraded Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price target on the stock in a research report on Tuesday, December 19th. Barclays lifted their price target on Brandywine Realty Trust from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Finally, Stifel Nicolaus cut Brandywine Realty Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $19.00 to $17.00 in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $18.60.
In related news, CEO Gerard H. Sweeney sold 9,241 shares of Brandywine Realty Trust stock in a transaction on Monday, December 18th. The stock was sold at an average price of $18.51, for a total value of $171,050.91. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.76% of the company’s stock.
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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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