Brandywine Realty Trust (BDN) Holdings Increased by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can boosted its position in shares of Brandywine Realty Trust (NYSE:BDN) by 18.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 170,879 shares of the real estate investment trust’s stock after purchasing an additional 26,555 shares during the period. Great West Life Assurance Co. Can owned 0.10% of Brandywine Realty Trust worth $2,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of Brandywine Realty Trust by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 25,554,896 shares of the real estate investment trust’s stock worth $401,723,000 after purchasing an additional 132,787 shares during the period. Vanguard Group Inc increased its stake in Brandywine Realty Trust by 0.5% in the third quarter. Vanguard Group Inc now owns 25,554,896 shares of the real estate investment trust’s stock valued at $401,723,000 after acquiring an additional 132,787 shares during the period. BlackRock Inc. increased its stake in Brandywine Realty Trust by 11.1% in the fourth quarter. BlackRock Inc. now owns 16,099,973 shares of the real estate investment trust’s stock valued at $207,208,000 after acquiring an additional 1,603,605 shares during the period. JPMorgan Chase & Co. increased its stake in Brandywine Realty Trust by 7.6% in the third quarter. JPMorgan Chase & Co. now owns 9,590,384 shares of the real estate investment trust’s stock valued at $150,760,000 after acquiring an additional 677,156 shares during the period. Finally, Macquarie Group Ltd. increased its stake in Brandywine Realty Trust by 1.8% in the third quarter. Macquarie Group Ltd. now owns 5,175,632 shares of the real estate investment trust’s stock valued at $81,361,000 after acquiring an additional 91,150 shares during the period. Hedge funds and other institutional investors own 95.01% of the company’s stock.

In related news, insider Gerard H. Sweeney sold 190,000 shares of the stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $15.81, for a total value of $3,003,900.00. Following the transaction, the insider now directly owns 1,359,858 shares in the company, valued at $21,499,354.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Gerard H. Sweeney sold 84,973 shares of the stock in a transaction that occurred on Wednesday, February 20th. The shares were sold at an average price of $15.90, for a total transaction of $1,351,070.70. Following the completion of the transaction, the insider now owns 1,304,831 shares in the company, valued at $20,746,812.90. The disclosure for this sale can be found here. 1.84% of the stock is currently owned by corporate insiders.

Shares of BDN stock traded down $0.24 during trading hours on Monday, reaching $15.85. 1,939,769 shares of the company were exchanged, compared to its average volume of 1,841,394. Brandywine Realty Trust has a fifty-two week low of $12.32 and a fifty-two week high of $17.23. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 2.53 and a beta of 1.15. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 1.11.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Wednesday, January 30th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.01. Brandywine Realty Trust had a net margin of 25.04% and a return on equity of 7.44%. The company had revenue of $139.20 million for the quarter, compared to analyst estimates of $136.52 million. During the same period in the prior year, the business earned $0.30 earnings per share. Brandywine Realty Trust’s quarterly revenue was up 4.4% on a year-over-year basis. On average, equities research analysts forecast that Brandywine Realty Trust will post 1.4 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.79%. Brandywine Realty Trust’s payout ratio is 55.47%.

A number of analysts recently weighed in on the stock. Raymond James cut shares of Brandywine Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 8th. Barclays raised shares of Brandywine Realty Trust from an “equal weight” rating to an “overweight” rating and set a $17.00 target price on the stock in a research note on Monday, February 4th. Zacks Investment Research lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Bank of America lowered shares of Brandywine Realty Trust from a “buy” rating to a “neutral” rating and reduced their price target for the company from $17.00 to $16.50 in a research report on Monday, February 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Brandywine Realty Trust presently has an average rating of “Hold” and a consensus target price of $16.64.

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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, 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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