Farr Miller & Washington LLC DC increased its holdings in shares of Brandywine Realty Trust (NYSE:BDN) by 2.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 102,789 shares of the real estate investment trust’s stock after acquiring an additional 2,575 shares during the quarter. Farr Miller & Washington LLC DC owned about 0.06% of Brandywine Realty Trust worth $1,063,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Private Advisor Group LLC acquired a new position in shares of Brandywine Realty Trust during the 2nd quarter worth approximately $27,000. Glenmede Trust Co. NA acquired a new position in shares of Brandywine Realty Trust during the 2nd quarter worth approximately $54,000. Acadian Asset Management LLC increased its holdings in shares of Brandywine Realty Trust by 40.3% during the 3rd quarter. Acadian Asset Management LLC now owns 6,116 shares of the real estate investment trust’s stock worth $63,000 after acquiring an additional 1,756 shares during the last quarter. Teacher Retirement System of Texas acquired a new position in shares of Brandywine Realty Trust during the 3rd quarter worth approximately $104,000. Finally, Exane Derivatives increased its holdings in shares of Brandywine Realty Trust by 5,557.8% during the 3rd quarter. Exane Derivatives now owns 11,655 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 11,449 shares during the last quarter. 89.70% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts recently weighed in on BDN shares. Argus lowered Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, October 12th. Evercore ISI upgraded Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Wednesday, November 25th. ValuEngine downgraded Brandywine Realty Trust from a “sell” rating to a “strong sell” rating in a research note on Monday, August 3rd. Finally, Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Monday, October 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $12.25.
Shares of NYSE BDN traded down $0.03 during mid-day trading on Monday, hitting $11.46. 5,199 shares of the stock traded hands, compared to its average volume of 2,364,129. The company has a market cap of $1.98 billion, a PE ratio of 6.57, a price-to-earnings-growth ratio of 7.61 and a beta of 1.04. Brandywine Realty Trust has a twelve month low of $7.48 and a twelve month high of $16.25. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a 50 day simple moving average of $10.08 and a two-hundred day simple moving average of $10.46.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $1.25. The firm had revenue of $126.11 million for the quarter, compared to analyst estimates of $134.79 million. Brandywine Realty Trust had a return on equity of 18.15% and a net margin of 54.61%. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. On average, equities research analysts anticipate that Brandywine Realty Trust will post 1.4 earnings per share for the current fiscal year.
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, 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 173 properties and 24.4 million square feet as of September 30, 2020.
See Also: Why is cost of goods sold important?
Receive News & Ratings for Brandywine Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brandywine Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.