M&T Bank Corp increased its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 8.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 63,007 shares of the real estate investment trust’s stock after acquiring an additional 4,726 shares during the period. M&T Bank Corp’s holdings in Brandywine Realty Trust were worth $651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV grew its stake in Brandywine Realty Trust by 7.1% during the 3rd quarter. Nissay Asset Management Corp Japan ADV now owns 17,620 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 1,172 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Brandywine Realty Trust by 4.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 31,216 shares of the real estate investment trust’s stock worth $340,000 after buying an additional 1,241 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of Brandywine Realty Trust by 5.9% in the second quarter. Bessemer Group Inc. now owns 23,635 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 1,310 shares in the last quarter. Amalgamated Bank grew its stake in shares of Brandywine Realty Trust by 6.6% in the third quarter. Amalgamated Bank now owns 22,355 shares of the real estate investment trust’s stock worth $231,000 after purchasing an additional 1,378 shares in the last quarter. Finally, Private Advisor Group LLC bought a new position in shares of Brandywine Realty Trust in the second quarter worth $27,000. Hedge funds and other institutional investors own 89.70% of the company’s stock.
BDN has been the subject of several recent analyst reports. Argus cut Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research note on Monday, October 12th. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, October 26th. Finally, ValuEngine lowered Brandywine Realty Trust from a “sell” rating to a “strong sell” rating in a report on Monday, August 3rd. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $12.25.
Shares of NYSE BDN opened at $10.99 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 cap of $1.87 billion, a price-to-earnings ratio of 6.28, a P/E/G ratio of 7.31 and a beta of 1.04. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.06. The business has a fifty day simple moving average of $10.01 and a 200-day simple moving average of $10.43.
Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Wednesday, October 21st. The real estate investment trust reported $1.60 EPS for the quarter, beating the consensus estimate of $0.35 by $1.25. Brandywine Realty Trust had a return on equity of 18.15% and a net margin of 54.61%. The business had revenue of $126.11 million during the quarter, compared to the consensus estimate of $134.79 million. During the same period in the prior year, the business posted $0.36 earnings per share. Brandywine Realty Trust’s revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts expect that Brandywine Realty Trust will post 1.4 EPS for the current fiscal year.
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, Austin and Washington, DC Markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 172 properties and 24.1 million square feet as of June 30, 2020.
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