Bank of New York Mellon Corp Reduces Position in Brandywine Realty Trust (BDN)

Bank of New York Mellon Corp trimmed its position in shares of Brandywine Realty Trust (NYSE:BDN) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,170,278 shares of the real estate investment trust’s stock after selling 66,692 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.67% of Brandywine Realty Trust worth $21,287,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of BDN. First Trust Advisors LP increased its position in shares of Brandywine Realty Trust by 21.8% during the third quarter. First Trust Advisors LP now owns 63,248 shares of the real estate investment trust’s stock worth $1,106,000 after purchasing an additional 11,332 shares in the last quarter. Sei Investments Co. increased its position in shares of Brandywine Realty Trust by 21.0% during the third quarter. Sei Investments Co. now owns 93,060 shares of the real estate investment trust’s stock worth $1,627,000 after purchasing an additional 16,171 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Brandywine Realty Trust by 5.6% during the third quarter. Russell Investments Group Ltd. now owns 468,973 shares of the real estate investment trust’s stock worth $8,204,000 after purchasing an additional 24,744 shares in the last quarter. SG Americas Securities LLC increased its position in shares of Brandywine Realty Trust by 258.4% during the third quarter. SG Americas Securities LLC now owns 34,388 shares of the real estate investment trust’s stock worth $601,000 after purchasing an additional 24,792 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Brandywine Realty Trust by 0.8% during the third quarter. Ameriprise Financial Inc. now owns 1,108,307 shares of the real estate investment trust’s stock worth $19,384,000 after purchasing an additional 9,139 shares in the last quarter.

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BDN has been the subject of several research reports. Barclays boosted their price target on Brandywine Realty Trust from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. Stifel Nicolaus cut Brandywine Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $19.00 to $17.00 in a research report on Tuesday, March 13th. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Evercore ISI raised Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. Finally, KeyCorp raised Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price objective on the stock in a research note on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Brandywine Realty Trust has an average rating of “Hold” and an average price target of $18.60.

BDN stock opened at $16.06 on Wednesday. The firm has a market capitalization of $2,880.06, a price-to-earnings ratio of 24.71, a price-to-earnings-growth ratio of 2.10 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. Brandywine Realty Trust has a 12 month low of $15.45 and a 12 month high of $18.69.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Thursday, January 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.03). The company had revenue of $133.30 million for the quarter, compared to analyst estimates of $128.42 million. Brandywine Realty Trust had a return on equity of 7.07% and a net margin of 23.20%. The business’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. equities analysts forecast that Brandywine Realty Trust will post 1.37 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Shareholders of record on Wednesday, April 4th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date is Tuesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 110.77%.

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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 185 properties and 25.3 million square feet as of December 31, 2017, which excludes assets held for sale.

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

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