State of Alaska Department of Revenue Acquires 10,165 Shares of Brandywine Realty Trust (NYSE:BDN)

State of Alaska Department of Revenue boosted its holdings in Brandywine Realty Trust (NYSE:BDN) by 13.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,088 shares of the real estate investment trust’s stock after purchasing an additional 10,165 shares during the quarter. State of Alaska Department of Revenue’s holdings in Brandywine Realty Trust were worth $1,246,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. PGGM Investments raised its holdings in Brandywine Realty Trust by 153.9% during the 1st quarter. PGGM Investments now owns 8,477,984 shares of the real estate investment trust’s stock valued at $134,461,000 after buying an additional 5,139,484 shares during the period. Centersquare Investment Management LLC grew its position in shares of Brandywine Realty Trust by 8.3% during the 1st quarter. Centersquare Investment Management LLC now owns 2,856,018 shares of the real estate investment trust’s stock worth $45,297,000 after buying an additional 219,928 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Brandywine Realty Trust by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 2,279,404 shares of the real estate investment trust’s stock worth $29,335,000 after buying an additional 190,913 shares in the last quarter. Norges Bank bought a new position in shares of Brandywine Realty Trust during the 4th quarter worth $26,633,000. Finally, Principal Financial Group Inc. grew its position in shares of Brandywine Realty Trust by 4.1% during the 1st quarter. Principal Financial Group Inc. now owns 1,952,529 shares of the real estate investment trust’s stock worth $30,967,000 after buying an additional 77,151 shares in the last quarter. Institutional investors and hedge funds own 93.20% of the company’s stock.

In other Brandywine Realty Trust news, Director James C. Diggs sold 3,700 shares of Brandywine Realty Trust stock in a transaction on Monday, May 20th. The stock was sold at an average price of $14.84, for a total value of $54,908.00. Following the sale, the director now owns 36,034 shares in the company, valued at $534,744.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.32% of the company’s stock.

BDN stock traded up $0.11 during trading on Tuesday, hitting $14.37. 20,177 shares of the company traded hands, compared to its average volume of 1,261,494. The stock’s 50-day moving average is $14.67. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.19. The firm has a market capitalization of $2.57 billion, a P/E ratio of 10.51, a PEG ratio of 3.27 and a beta of 0.95. Brandywine Realty Trust has a 1 year low of $12.32 and a 1 year high of $17.00.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.32). The company had revenue of $144.20 million for the quarter, compared to analysts’ expectations of $144.45 million. Brandywine Realty Trust had a net margin of 15.89% and a return on equity of 4.97%. The firm’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.35 earnings per share. Research analysts predict that Brandywine Realty Trust will post 1.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date was Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 55.47%.

A number of research firms have recently issued reports on BDN. Zacks Investment Research downgraded Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Bank of America cut Brandywine Realty Trust from a “neutral” rating to an “underperform” rating and reduced their price target for the company from $16.50 to $15.50 in a research report on Tuesday, June 11th. ValuEngine cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Finally, Argus upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research report on Monday, July 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $16.25.

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.

See Also: Accumulation/Distribution

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

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