Securian Asset Management Inc decreased its position in Brandywine Realty Trust (NYSE:BDN) by 20.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 121,747 shares of the real estate investment trust’s stock after selling 31,900 shares during the quarter. Securian Asset Management Inc owned 0.07% of Brandywine Realty Trust worth $1,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently added to or reduced their stakes in the company. Advisor Group Inc. lifted its position in Brandywine Realty Trust by 25.3% in the second quarter. Advisor Group Inc. now owns 9,034 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 1,822 shares during the last quarter. Quadrant Capital Group LLC lifted its position in Brandywine Realty Trust by 95.9% in the first quarter. Quadrant Capital Group LLC now owns 8,688 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 4,254 shares during the last quarter. CWM Advisors LLC bought a new stake in Brandywine Realty Trust in the second quarter valued at approximately $154,000. Fox Run Management L.L.C. bought a new stake in Brandywine Realty Trust in the second quarter valued at approximately $163,000. Finally, First Hawaiian Bank lifted its position in Brandywine Realty Trust by 12.6% in the second quarter. First Hawaiian Bank now owns 12,210 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 1,370 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.
Several analysts have weighed in on BDN shares. Zacks Investment Research downgraded Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. ValuEngine downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Bank of America downgraded Brandywine Realty Trust from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $16.50 to $15.50 in a report on Tuesday, June 11th. Finally, Argus upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Monday, July 8th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $16.25.
In related news, Director Anthony A. Sr Nichols, Sr. sold 6,800 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $14.54, for a total value of $98,872.00. Following the sale, the director now directly owns 67,522 shares of the company’s stock, valued at $981,769.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.32% of the stock is owned by corporate insiders.
Shares of Brandywine Realty Trust stock opened at $14.27 on Friday. The company has a quick ratio of 2.23, a current ratio of 2.23 and a debt-to-equity ratio of 1.23. The company has a market cap of $2.53 billion, a PE ratio of 10.42, a P/E/G ratio of 3.22 and a beta of 0.95. The business has a 50 day moving average of $14.55 and a 200 day moving average of $15.19. Brandywine Realty Trust has a 52 week low of $12.32 and a 52 week high of $16.93.
Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Monday, July 22nd. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.32). The business had revenue of $144.20 million for the quarter, compared to the consensus estimate of $144.45 million. Brandywine Realty Trust had a net margin of 15.89% and a return on equity of 5.02%. Brandywine Realty Trust’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 EPS. On average, research analysts anticipate that Brandywine Realty Trust will post 1.42 earnings per share for the current year.
Brandywine Realty Trust Company 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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