Capital One National Association reduced its position in shares of Brandywine Realty Trust (NYSE:BDN) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,439 shares of the real estate investment trust’s stock after selling 689 shares during the period. Capital One National Association’s holdings in Brandywine Realty Trust were worth $201,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Paragon Capital Management Ltd bought a new position in Brandywine Realty Trust during the first quarter worth $162,000. Forward Management LLC bought a new position in Brandywine Realty Trust during the first quarter worth $163,000. Clinton Group Inc. bought a new position in Brandywine Realty Trust during the first quarter worth $169,000. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Brandywine Realty Trust during the first quarter valued at approximately $171,000. Finally, Acadian Asset Management LLC acquired a new position in shares of Brandywine Realty Trust during the first quarter valued at approximately $179,000.
Brandywine Realty Trust (BDN) opened at 16.77 on Friday. The firm has a market capitalization of $2.92 billion, a PE ratio of 190.57 and a beta of 1.06. Brandywine Realty Trust has a one year low of $14.04 and a one year high of $17.83. The firm has a 50-day moving average price of $17.25 and a 200 day moving average price of $16.78.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.31. Brandywine Realty Trust had a net margin of 4.67% and a return on equity of 1.46%. The company had revenue of $127.79 million for the quarter, compared to analyst estimates of $134.07 million. During the same period in the prior year, the company posted $0.32 EPS. The firm’s revenue for the quarter was up .5% on a year-over-year basis. Analysts anticipate that Brandywine Realty Trust will post $0.24 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.82%. The ex-dividend date was Wednesday, July 5th. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 800.10%.
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Several research analysts have recently commented on BDN shares. Stifel Nicolaus upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $19.00 in a research note on Thursday, April 20th. Stephens upgraded Brandywine Realty Trust to an “underweight” rating in a research note on Monday, May 15th. BidaskClub cut Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Mizuho raised Brandywine Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $16.00 to $19.00 in a report on Monday, July 10th. Finally, Zacks Investment Research cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $17.58.
In related news, EVP H Jeffrey Devuono sold 9,027 shares of the stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $17.01, for a total value of $153,549.27. Following the sale, the executive vice president now directly owns 147,560 shares of the company’s stock, valued at approximately $2,509,995.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.76% of the company’s stock.
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.
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