Tiverton Asset Management LLC reduced its stake in Brandywine Realty Trust (NYSE:BDN) by 16.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,205 shares of the real estate investment trust’s stock after selling 3,906 shares during the period. Tiverton Asset Management LLC’s holdings in Brandywine Realty Trust were worth $290,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Riverhead Capital Management LLC acquired a new stake in Brandywine Realty Trust during the 2nd quarter worth approximately $40,000. Oppenheimer Asset Management Inc. acquired a new stake in Brandywine Realty Trust during the 2nd quarter worth approximately $68,000. Parallel Advisors LLC boosted its position in Brandywine Realty Trust by 27.3% during the 2nd quarter. Parallel Advisors LLC now owns 5,966 shares of the real estate investment trust’s stock worth $85,000 after buying an additional 1,280 shares during the period. Advisor Group Inc. boosted its position in Brandywine Realty Trust by 25.3% during the 2nd quarter. Advisor Group Inc. now owns 9,034 shares of the real estate investment trust’s stock worth $129,000 after buying an additional 1,822 shares during the period. Finally, CWM Advisors LLC acquired a new stake in Brandywine Realty Trust during the 2nd quarter worth approximately $154,000. Institutional investors own 98.40% of the company’s stock.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. ValuEngine downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Argus upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, July 8th. Finally, Bank of America downgraded shares of Brandywine Realty Trust from a “neutral” rating to an “underperform” rating and cut their target price for the stock from $16.50 to $15.50 in a research report on Tuesday, June 11th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $16.25.
Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.32). Brandywine Realty Trust had a return on equity of 5.02% and a net margin of 15.89%. The firm had revenue of $144.20 million for the quarter, compared to the consensus estimate of $144.45 million. During the same quarter in the previous year, the business posted $0.35 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, analysts forecast that Brandywine Realty Trust will post 1.42 earnings per share for the current fiscal year.
The business also recently disclosed a — dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd will be paid a $0.19 dividend. The ex-dividend date is Wednesday, October 2nd. This represents a dividend yield of 5.1%. Brandywine Realty Trust’s dividend payout ratio is currently 55.47%.
In other news, Director Anthony A. Sr Nichols, Sr. sold 6,800 shares of Brandywine Realty Trust stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $14.54, for a total value of $98,872.00. Following the completion of the sale, the director now owns 67,522 shares in the company, valued at approximately $981,769.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.32% of the company’s stock.
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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