Janus Henderson Group PLC boosted its holdings in Brandywine Realty Trust (NYSE:BDN) by 13.8% in the third quarter, HoldingsChannel.com reports. The firm owned 920,835 shares of the real estate investment trust’s stock after acquiring an additional 111,993 shares during the period. Janus Henderson Group PLC’s holdings in Brandywine Realty Trust were worth $14,471,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also added to or reduced their stakes in BDN. Cornerstone Wealth Management LLC acquired a new position in Brandywine Realty Trust in the second quarter worth $271,000. BNP Paribas Arbitrage SA boosted its holdings in shares of Brandywine Realty Trust by 9.1% during the second quarter. BNP Paribas Arbitrage SA now owns 40,935 shares of the real estate investment trust’s stock valued at $691,000 after acquiring an additional 3,428 shares during the period. Dupont Capital Management Corp boosted its holdings in shares of Brandywine Realty Trust by 123.4% during the second quarter. Dupont Capital Management Corp now owns 54,936 shares of the real estate investment trust’s stock valued at $927,000 after acquiring an additional 30,345 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Brandywine Realty Trust by 10.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 186,073 shares of the real estate investment trust’s stock valued at $3,141,000 after acquiring an additional 17,634 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Brandywine Realty Trust during the second quarter valued at $275,000. 96.40% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have recently issued reports on BDN shares. ValuEngine downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Barclays reissued a “hold” rating and set a $16.00 price target on shares of Brandywine Realty Trust in a report on Sunday, October 14th. Raymond James reduced their price target on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, October 23rd. Finally, Citigroup reduced their price target on shares of Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating for the company in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Brandywine Realty Trust currently has an average rating of “Hold” and a consensus price target of $17.14.
Shares of BDN opened at $14.02 on Friday. Brandywine Realty Trust has a 1 year low of $13.69 and a 1 year high of $18.69. The firm has a market cap of $2.56 billion, a PE ratio of 10.72, a PEG ratio of 1.89 and a beta of 0.96. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.24 and a quick ratio of 2.24.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.27). Brandywine Realty Trust had a net margin of 16.26% and a return on equity of 4.98%. The firm had revenue of $135.00 million for the quarter, compared to analyst estimates of $136.73 million. During the same period last year, the firm posted $0.35 EPS. The business’s revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that Brandywine Realty Trust will post 1.37 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 22nd. Investors of record on Tuesday, January 8th will be issued a $0.19 dividend. The ex-dividend date is Monday, January 7th. This represents a $0.76 annualized dividend and a yield of 5.42%. This is an increase from Brandywine Realty Trust’s previous quarterly dividend of $0.18. Brandywine Realty Trust’s dividend payout ratio is presently 54.96%.
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About Brandywine Realty Trust
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 September 30, 2018, which excludes assets held for sale.
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