Gateway Investment Advisers LLC Sells 57,075 Shares of Brandywine Realty Trust (NYSE:BDN)

Gateway Investment Advisers LLC decreased its position in Brandywine Realty Trust (NYSE:BDN) by 58.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,593 shares of the real estate investment trust’s stock after selling 57,075 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Brandywine Realty Trust were worth $615,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. First Interstate Bank raised its position in shares of Brandywine Realty Trust by 7.0% in the second quarter. First Interstate Bank now owns 13,833 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 903 shares during the period. Nomura Asset Management Co. Ltd. raised its position in shares of Brandywine Realty Trust by 1.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 120,538 shares of the real estate investment trust’s stock valued at $1,726,000 after purchasing an additional 1,200 shares during the period. Parallel Advisors LLC raised its position in shares of Brandywine Realty Trust by 27.3% in the second quarter. Parallel Advisors LLC now owns 5,966 shares of the real estate investment trust’s stock valued at $85,000 after purchasing an additional 1,280 shares during the period. First Hawaiian Bank raised its position in shares of Brandywine Realty Trust by 12.6% in the second quarter. First Hawaiian Bank now owns 12,210 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 1,370 shares during the period. Finally, Telos Capital Management Inc. raised its position in shares of Brandywine Realty Trust by 3.0% in the second quarter. Telos Capital Management Inc. now owns 47,603 shares of the real estate investment trust’s stock valued at $682,000 after purchasing an additional 1,395 shares during the period. 97.73% of the stock is currently owned by institutional investors.

In related news, Director Anthony A. Sr Nichols, Sr. sold 6,800 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $14.54, for a total transaction of $98,872.00. Following the transaction, the director now owns 67,522 shares of the company’s stock, valued at $981,769.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.32% of the company’s stock.

Shares of BDN stock opened at $14.59 on Friday. Brandywine Realty Trust has a 1 year low of $12.32 and a 1 year high of $16.18. The firm’s fifty day simple moving average is $14.69 and its 200 day simple moving average is $14.90. The firm has a market capitalization of $2.59 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 2.66 and a beta of 0.93. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 1.23.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Thursday, October 17th. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $145.33 million for the quarter, compared to the consensus estimate of $143.24 million. During the same period last year, the firm posted $0.35 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. Equities research analysts anticipate that Brandywine Realty Trust will post 1.42 EPS for the current fiscal year.

The business also recently announced a — dividend, which was paid on Thursday, October 17th. Investors of record on Thursday, October 3rd were given a dividend of $0.19 per share. This represents a yield of 5.1%. The ex-dividend date of this dividend was Wednesday, October 2nd. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 55.47%.

BDN has been the topic of a number of recent analyst reports. Argus raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Monday, July 8th. ValuEngine lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Barclays set a $19.00 target price on shares of Brandywine Realty Trust and gave the stock a “buy” rating in a research report on Friday, October 11th. Finally, Zacks Investment Research lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $16.58.

Brandywine Realty Trust Company 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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