Citigroup Inc. trimmed its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 29.1% in the 1st quarter, HoldingsChannel reports. The fund owned 136,577 shares of the real estate investment trust’s stock after selling 56,083 shares during the period. Citigroup Inc.’s holdings in Brandywine Realty Trust were worth $2,166,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Principal Financial Group Inc. lifted its holdings in Brandywine Realty Trust by 4.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,952,529 shares of the real estate investment trust’s stock valued at $30,967,000 after buying an additional 77,151 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Brandywine Realty Trust during the 1st quarter valued at about $224,000. AJO LP lifted its holdings in Brandywine Realty Trust by 238.0% during the 1st quarter. AJO LP now owns 354,687 shares of the real estate investment trust’s stock valued at $5,625,000 after buying an additional 249,745 shares in the last quarter. Swiss National Bank lifted its holdings in Brandywine Realty Trust by 3.1% during the 1st quarter. Swiss National Bank now owns 325,500 shares of the real estate investment trust’s stock valued at $5,162,000 after buying an additional 9,700 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Brandywine Realty Trust by 1.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,890,528 shares of the real estate investment trust’s stock valued at $45,844,000 after buying an additional 29,923 shares in the last quarter. 98.33% of the stock is owned by institutional investors.
NYSE BDN opened at $15.35 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.19. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of 10.89, a price-to-earnings-growth ratio of 4.08 and a beta of 1.05. Brandywine Realty Trust has a one year low of $12.32 and a one year high of $17.23.
Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.31). The business had revenue of $144.00 million for the quarter, compared to analysts’ expectations of $140.73 million. Brandywine Realty Trust had a net margin of 17.40% and a return on equity of 5.30%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period last year, the business posted $0.32 EPS. On average, equities research analysts expect that Brandywine Realty Trust will post 1.42 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is 55.47%.
In other Brandywine Realty Trust news, insider Tom Wirth sold 9,700 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $15.30, for a total transaction of $148,410.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James C. Diggs sold 3,700 shares of Brandywine Realty Trust stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $14.84, for a total transaction of $54,908.00. Following the completion of the transaction, the director now directly owns 36,034 shares in the company, valued at approximately $534,744.56. The disclosure for this sale can be found here. Company insiders own 1.32% of the company’s stock.
A number of equities research analysts recently weighed in on BDN shares. Bank of America lowered shares of Brandywine Realty Trust from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $17.00 to $16.50 in a report on Monday, February 25th. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Monday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $16.30.
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 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.
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