Peregrine Capital Management LLC raised its position in shares of Brandywine Realty Trust (NYSE:BDN) by 2.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 583,398 shares of the real estate investment trust’s stock after buying an additional 11,682 shares during the period. Peregrine Capital Management LLC’s holdings in Brandywine Realty Trust were worth $10,227,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Clinton Group Inc. acquired a new stake in Brandywine Realty Trust during the first quarter worth about $169,000. Karp Capital Management Corp acquired a new stake in Brandywine Realty Trust during the first quarter worth about $1,083,000. Fort Washington Investment Advisors Inc. OH increased its stake in Brandywine Realty Trust by 5.4% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 57,000 shares of the real estate investment trust’s stock worth $925,000 after buying an additional 2,900 shares in the last quarter. Citadel Advisors LLC increased its stake in Brandywine Realty Trust by 42.2% in the first quarter. Citadel Advisors LLC now owns 172,051 shares of the real estate investment trust’s stock worth $2,793,000 after buying an additional 51,089 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its stake in Brandywine Realty Trust by 29.6% in the first quarter. State of Alaska Department of Revenue now owns 89,840 shares of the real estate investment trust’s stock worth $1,458,000 after buying an additional 20,520 shares in the last quarter. 99.15% of the stock is owned by hedge funds and other institutional investors.
Shares of Brandywine Realty Trust (NYSE BDN) traded down 1.86% during mid-day trading on Friday, hitting $16.91. 1,825,195 shares of the stock were exchanged. The stock has a market capitalization of $2.95 billion, a price-to-earnings ratio of 192.16 and a beta of 1.06. Brandywine Realty Trust has a 52 week low of $14.04 and a 52 week high of $17.83. The stock’s 50-day moving average is $17.35 and its 200-day moving average is $16.77.
Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.31. The firm had revenue of $127.79 million during the quarter, compared to the consensus estimate of $134.07 million. Brandywine Realty Trust had a net margin of 4.67% and a return on equity of 1.46%. The company’s revenue was up .5% on a year-over-year basis. During the same quarter last year, the company earned $0.32 earnings per share. Analysts forecast that Brandywine Realty Trust will post $0.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were paid a $0.16 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $0.64 annualized dividend and a dividend yield of 3.78%. Brandywine Realty Trust’s payout ratio is 800.10%.
A number of analysts have issued reports on BDN shares. Stifel Nicolaus raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $17.00 to $19.00 in a report on Thursday, April 20th. Mizuho raised shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $16.00 to $19.00 in a report on Monday, July 10th. BidaskClub downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Stephens raised shares of Brandywine Realty Trust to an “underweight” rating in a report on Monday, May 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.58.
In other news, EVP H Jeffrey Devuono sold 9,027 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $17.01, for a total value of $153,549.27. Following the completion of the transaction, the executive vice president now directly owns 147,560 shares in the company, valued at $2,509,995.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.76% of the stock is currently owned by company insiders.
About Brandywine Realty Trust
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC, Austin, Texas, and Other. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs.
Want to see what other hedge funds are holding BDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brandywine Realty Trust (NYSE:BDN).
Receive News & Ratings for Brandywine Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brandywine Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.
