BNP Paribas Arbitrage SA raised its stake in Brandywine Realty Trust (NYSE:BDN) by 18.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,507 shares of the real estate investment trust’s stock after buying an additional 5,861 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Brandywine Realty Trust were worth $596,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the business. Quantbot Technologies LP purchased a new stake in Brandywine Realty Trust in the 1st quarter valued at $274,000. Citigroup Inc. grew its holdings in Brandywine Realty Trust by 16.7% in the 1st quarter. Citigroup Inc. now owns 314,839 shares of the real estate investment trust’s stock valued at $5,000,000 after buying an additional 45,064 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Brandywine Realty Trust by 3.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,902,667 shares of the real estate investment trust’s stock valued at $46,094,000 after buying an additional 86,964 shares in the last quarter. Great West Life Assurance Co. Can grew its holdings in Brandywine Realty Trust by 9.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 121,145 shares of the real estate investment trust’s stock valued at $1,924,000 after buying an additional 10,451 shares in the last quarter. Finally, Brinker Capital Inc. grew its holdings in Brandywine Realty Trust by 25.4% in the 1st quarter. Brinker Capital Inc. now owns 70,998 shares of the real estate investment trust’s stock valued at $1,127,000 after buying an additional 14,370 shares in the last quarter.
Get Brandywine Realty Trust alerts:Several brokerages have issued reports on BDN. ValuEngine cut Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. JPMorgan Chase & Co. dropped their target price on Brandywine Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, April 24th. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 17th. SunTrust Banks set a $18.00 target price on Brandywine Realty Trust and gave the company a “buy” rating in a report on Monday, April 23rd. Finally, Stifel Nicolaus cut Brandywine Realty Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $19.00 to $17.00 in a report on Tuesday, March 13th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $18.17.
NYSE BDN opened at $16.70 on Friday. The firm has a market cap of $2.96 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 2.19 and a beta of 1.00. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.74 and a quick ratio of 3.74. Brandywine Realty Trust has a twelve month low of $15.20 and a twelve month high of $18.69.
Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Thursday, April 19th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.07). The business had revenue of $136.36 million for the quarter, compared to analysts’ expectations of $133.17 million. Brandywine Realty Trust had a return on equity of 8.37% and a net margin of 27.38%. The business’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.32 earnings per share. equities analysts expect that Brandywine Realty Trust will post 1.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Stockholders of record on Friday, July 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Thursday, July 5th. Brandywine Realty Trust’s dividend payout ratio is presently 54.96%.
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 185 properties and 25.3 million square feet as of December 31, 2017, which excludes assets held for sale.
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