Brandywine Realty Trust (BDN) Holdings Cut by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its stake in Brandywine Realty Trust (NYSE:BDN) by 22.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 405,500 shares of the real estate investment trust’s stock after selling 115,000 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.23% of Brandywine Realty Trust worth $5,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of BDN. Bank of America Corp DE grew its position in shares of Brandywine Realty Trust by 45.1% in the second quarter. Bank of America Corp DE now owns 1,381,839 shares of the real estate investment trust’s stock valued at $23,325,000 after purchasing an additional 429,219 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Brandywine Realty Trust by 488.1% in the second quarter. Tower Research Capital LLC TRC now owns 7,198 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 5,974 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Brandywine Realty Trust by 1.2% during the second quarter. Public Employees Retirement System of Ohio now owns 284,117 shares of the real estate investment trust’s stock worth $4,796,000 after acquiring an additional 3,395 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Brandywine Realty Trust by 1.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,241,959 shares of the real estate investment trust’s stock valued at $20,964,000 after purchasing an additional 20,810 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Brandywine Realty Trust by 8.1% during the 2nd quarter. Northern Trust Corp now owns 2,247,189 shares of the real estate investment trust’s stock worth $37,933,000 after buying an additional 167,881 shares in the last quarter. Hedge funds and other institutional investors own 96.09% of the company’s stock.

Brandywine Realty Trust stock opened at $15.79 on Thursday. The stock has a market capitalization of $2.84 billion, a P/E ratio of 11.53, a PEG ratio of 2.04 and a beta of 1.13. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.09. Brandywine Realty Trust has a 12-month low of $12.32 and a 12-month high of $17.23.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Wednesday, January 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.35 by $0.01. The firm had revenue of $139.20 million during the quarter, compared to the consensus estimate of $136.52 million. Brandywine Realty Trust had a return on equity of 7.44% and a net margin of 25.04%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share. As a group, equities analysts predict that Brandywine Realty Trust will post 1.4 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 22nd. Shareholders of record on Tuesday, January 8th were issued a $0.19 dividend. The ex-dividend date was Monday, January 7th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.81%. This is a boost from Brandywine Realty Trust’s previous quarterly dividend of $0.18. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 55.47%.

Several research analysts have weighed in on the company. Raymond James lowered their price objective on Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Zacks Investment Research raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Barclays raised Brandywine Realty Trust from an “equal weight” rating to an “overweight” rating and set a $17.00 target price on the stock in a report on Monday, February 4th. Finally, Citigroup reduced their price objective on shares of Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $16.67.

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

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