CWM Advisors LLC grew its stake in Brandywine Realty Trust (NYSE:BDN) by 106.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,002 shares of the real estate investment trust’s stock after purchasing an additional 11,869 shares during the period. CWM Advisors LLC’s holdings in Brandywine Realty Trust were worth $242,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of BDN. Chevy Chase Trust Holdings Inc. acquired a new stake in Brandywine Realty Trust in the 4th quarter worth $30,000. Denali Advisors LLC acquired a new stake in Brandywine Realty Trust in the 1st quarter worth $58,000. Whittier Trust Co. grew its position in Brandywine Realty Trust by 7,238.8% in the 1st quarter. Whittier Trust Co. now owns 9,834 shares of the real estate investment trust’s stock worth $103,000 after purchasing an additional 9,700 shares during the last quarter. Canandaigua National Bank & Trust Co. acquired a new stake in Brandywine Realty Trust in the 1st quarter worth $105,000. Finally, Usca Ria LLC acquired a new stake in Brandywine Realty Trust in the 1st quarter worth $112,000.
BDN has been the topic of several research analyst reports. Citigroup lowered shares of Brandywine Realty Trust from a “neutral” rating to a “sell” rating in a research report on Tuesday, April 7th. Mizuho began coverage on shares of Brandywine Realty Trust in a research report on Monday, February 3rd. They set a “neutral” rating and a $16.00 target price on the stock. Stifel Nicolaus decreased their target price on shares of Brandywine Realty Trust from $11.00 to $10.00 and set a “hold” rating on the stock in a research report on Friday, April 24th. Evercore ISI reiterated a “hold” rating and set a $18.00 target price on shares of Brandywine Realty Trust in a research report on Thursday, January 30th. Finally, ValuEngine lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.25.
Shares of BDN stock opened at $9.22 on Friday. Brandywine Realty Trust has a 12-month low of $7.48 and a 12-month high of $16.25. The company has a market capitalization of $1.62 billion, a P/E ratio of 43.91 and a beta of 1.13. The firm has a 50-day moving average price of $10.07 and a 200 day moving average price of $13.53. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.38.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Brandywine Realty Trust had a net margin of 6.50% and a return on equity of 2.25%. The firm had revenue of $145.09 million during the quarter, compared to the consensus estimate of $148.08 million. During the same period last year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. As a group, research analysts expect that Brandywine Realty Trust will post 1.39 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 8.24%. The ex-dividend date of this dividend is Tuesday, July 7th. Brandywine Realty Trust’s dividend payout ratio is currently 53.15%.
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 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.
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