Dalton Greiner Hartman Maher & Co. boosted its position in Brandywine Realty Trust (NYSE:BDN) by 6.6% in the 3rd quarter, Holdings Channel reports. The firm owned 1,859,129 shares of the real estate investment trust’s stock after purchasing an additional 115,491 shares during the period. Brandywine Realty Trust makes up about 1.5% of Dalton Greiner Hartman Maher & Co.’s holdings, making the stock its 9th largest holding. Dalton Greiner Hartman Maher & Co.’s holdings in Brandywine Realty Trust were worth $29,226,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Qube Research & Technologies Ltd acquired a new position in Brandywine Realty Trust in the 2nd quarter valued at about $103,000. Tower Research Capital LLC TRC grew its holdings in Brandywine Realty Trust by 488.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,198 shares of the real estate investment trust’s stock valued at $122,000 after buying an additional 5,974 shares during the period. First Bank & Trust grew its holdings in Brandywine Realty Trust by 136.5% in the 2nd quarter. First Bank & Trust now owns 8,577 shares of the real estate investment trust’s stock valued at $145,000 after buying an additional 4,950 shares during the period. NumerixS Investment Technologies Inc grew its holdings in Brandywine Realty Trust by 350.0% in the 2nd quarter. NumerixS Investment Technologies Inc now owns 10,800 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 8,400 shares during the period. Finally, Fox Run Management L.L.C. purchased a new stake in Brandywine Realty Trust in the 3rd quarter valued at about $184,000.
BDN traded up $0.04 during midday trading on Tuesday, hitting $15.30. The company’s stock had a trading volume of 13,530 shares, compared to its average volume of 1,507,811. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.85 and a quick ratio of 2.85. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of 11.71, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92. Brandywine Realty Trust has a 52-week low of $14.90 and a 52-week high of $18.69.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Thursday, July 19th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.27). The business had revenue of $133.80 million during the quarter, compared to analysts’ expectations of $136.68 million. Brandywine Realty Trust had a net margin of 28.08% and a return on equity of 8.38%. The firm’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 EPS. Equities research analysts anticipate that Brandywine Realty Trust will post 1.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 18th. Shareholders of record on Thursday, October 4th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.71%. The ex-dividend date is Wednesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is 54.96%.
In other news, EVP William D. Redd sold 30,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $16.45, for a total transaction of $493,500.00. Following the completion of the sale, the executive vice president now owns 64,643 shares in the company, valued at approximately $1,063,377.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James C. Diggs sold 5,234 shares of the business’s stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $16.09, for a total value of $84,215.06. Following the sale, the director now owns 39,734 shares of the company’s stock, valued at approximately $639,320.06. The disclosure for this sale can be found here. Insiders sold a total of 43,234 shares of company stock valued at $710,625 in the last 90 days. 1.84% of the stock is owned by company insiders.
Several analysts have commented on BDN shares. Zacks Investment Research cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. ValuEngine cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.00.
Brandywine Realty Trust Profile
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, DC, and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 184 properties and 25.3 million square feet as of June 30, 2018, which excludes assets held for sale.
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