State of Alaska Department of Revenue decreased its stake in Brandywine Realty Trust (NYSE:BDN) by 83.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,444 shares of the real estate investment trust’s stock after selling 72,644 shares during the quarter. State of Alaska Department of Revenue’s holdings in Brandywine Realty Trust were worth $218,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Macquarie Group Ltd. grew its position in shares of Brandywine Realty Trust by 5.8% in the second quarter. Macquarie Group Ltd. now owns 5,663,839 shares of the real estate investment trust’s stock valued at $81,106,000 after purchasing an additional 311,534 shares during the period. Nuveen Asset Management LLC grew its position in shares of Brandywine Realty Trust by 47.9% in the second quarter. Nuveen Asset Management LLC now owns 4,368,933 shares of the real estate investment trust’s stock valued at $62,563,000 after purchasing an additional 1,415,051 shares during the period. Centersquare Investment Management LLC grew its position in shares of Brandywine Realty Trust by 32.5% in the second quarter. Centersquare Investment Management LLC now owns 3,782,865 shares of the real estate investment trust’s stock valued at $54,170,000 after purchasing an additional 926,847 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Brandywine Realty Trust by 29.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 3,384,670 shares of the real estate investment trust’s stock valued at $48,469,000 after purchasing an additional 764,650 shares during the period. Finally, Northern Trust Corp boosted its position in Brandywine Realty Trust by 0.8% during the second quarter. Northern Trust Corp now owns 2,188,226 shares of the real estate investment trust’s stock worth $31,335,000 after acquiring an additional 17,558 shares during the last quarter. Institutional investors and hedge funds own 97.69% of the company’s stock.
In other news, Director Anthony A. Sr Nichols, Sr. sold 6,800 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 67,522 shares of the company’s stock, valued at approximately $981,769.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.32% of the stock is currently owned by insiders.
Shares of BDN stock opened at $14.70 on Tuesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 2.23 and a quick ratio of 2.23. The firm’s 50-day moving average is $14.71 and its two-hundred day moving average is $14.88. Brandywine Realty Trust has a 12 month low of $12.32 and a 12 month high of $16.18. The company has a market capitalization of $2.57 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 2.64 and a beta of 0.93.
Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Thursday, October 17th. The real estate investment trust reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.32). The firm had revenue of $145.33 million for the quarter, compared to analysts’ expectations of $143.24 million. Brandywine Realty Trust had a return on equity of 5.02% and a net margin of 15.89%. Brandywine Realty Trust’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. Sell-side analysts forecast that Brandywine Realty Trust will post 1.42 EPS for the current year.
The business also recently declared a — dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd were paid a $0.19 dividend. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend was Wednesday, October 2nd. Brandywine Realty Trust’s dividend payout ratio (DPR) is 55.47%.
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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