Verition Fund Management LLC purchased a new stake in shares of Brandywine Realty Trust (NYSE:BDN) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 28,067 shares of the real estate investment trust’s stock, valued at approximately $511,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Marathon Trading Investment Management LLC purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter valued at approximately $182,000. JOYN Advisors Inc. purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter valued at approximately $211,000. Nisa Investment Advisors LLC increased its position in shares of Brandywine Realty Trust by 31.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,500 shares of the real estate investment trust’s stock valued at $227,000 after acquiring an additional 3,000 shares during the last quarter. Amica Retiree Medical Trust purchased a new stake in shares of Brandywine Realty Trust during the third quarter valued at approximately $356,000. Finally, Fox Run Management L.L.C. increased its position in shares of Brandywine Realty Trust by 47.8% during the fourth quarter. Fox Run Management L.L.C. now owns 19,950 shares of the real estate investment trust’s stock valued at $363,000 after acquiring an additional 6,450 shares during the last quarter.
Brandywine Realty Trust (BDN) opened at $15.68 on Friday. Brandywine Realty Trust has a twelve month low of $15.45 and a twelve month high of $18.69. The firm has a market capitalization of $2,824.75, a price-to-earnings ratio of 24.12, a price-to-earnings-growth ratio of 2.06 and a beta of 1.05. The company has a current ratio of 3.64, a quick ratio of 3.64 and a debt-to-equity ratio of 1.05.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Thursday, January 25th. The real estate investment trust reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.03). Brandywine Realty Trust had a net margin of 23.20% and a return on equity of 7.07%. The firm had revenue of $133.30 million for the quarter, compared to the consensus estimate of $128.42 million. During the same period last year, the company posted $0.35 earnings per share. Brandywine Realty Trust’s revenue for the quarter was up .9% on a year-over-year basis. equities research analysts predict that Brandywine Realty Trust will post 1.37 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Wednesday, April 4th will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date of this dividend is Tuesday, April 3rd. Brandywine Realty Trust’s payout ratio is currently 110.77%.
Several equities analysts have weighed in on the company. Stifel Nicolaus lowered Brandywine Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the company from $19.00 to $17.00 in a report on Tuesday, March 13th. Zacks Investment Research lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Barclays increased their price objective on Brandywine Realty Trust from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. KeyCorp raised Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price objective for the company in a report on Tuesday, December 19th. Finally, Evercore ISI raised Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Brandywine Realty Trust has an average rating of “Hold” and a consensus price target of $18.60.
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Brandywine Realty Trust 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 185 properties and 25.3 million square feet as of December 31, 2017, which excludes assets held for sale.
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