Nisa Investment Advisors LLC grew its position in shares of Brandywine Realty Trust (NYSE:BDN) by 187.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,245 shares of the real estate investment trust’s stock after acquiring an additional 27,545 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Brandywine Realty Trust were worth $670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. PGGM Investments raised its stake in shares of Brandywine Realty Trust by 153.9% during the 1st quarter. PGGM Investments now owns 8,477,984 shares of the real estate investment trust’s stock worth $134,461,000 after purchasing an additional 5,139,484 shares during the period. Norges Bank bought a new stake in Brandywine Realty Trust in the 4th quarter valued at about $26,633,000. BlackRock Inc. raised its stake in Brandywine Realty Trust by 11.1% in the 4th quarter. BlackRock Inc. now owns 16,099,973 shares of the real estate investment trust’s stock valued at $207,208,000 after acquiring an additional 1,603,605 shares during the period. D. E. Shaw & Co. Inc. raised its stake in Brandywine Realty Trust by 1,056.9% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 762,150 shares of the real estate investment trust’s stock valued at $9,809,000 after acquiring an additional 696,272 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Brandywine Realty Trust by 7.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,590,384 shares of the real estate investment trust’s stock valued at $150,760,000 after acquiring an additional 677,156 shares during the period. 95.52% of the stock is currently owned by hedge funds and other institutional investors.
BDN traded up $0.15 during midday trading on Wednesday, hitting $15.01. The stock had a trading volume of 2,231,630 shares, compared to its average volume of 1,821,262. The firm has a market cap of $2.62 billion, a P/E ratio of 10.96, a P/E/G ratio of 3.98 and a beta of 1.12. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.82 and a quick ratio of 1.82. Brandywine Realty Trust has a 1 year low of $12.32 and a 1 year high of $17.23.
Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.31). Brandywine Realty Trust had a return on equity of 5.30% and a net margin of 17.40%. The firm had revenue of $144.00 million during the quarter, compared to analysts’ expectations of $140.73 million. During the same period in the prior year, the company earned $0.32 EPS. The firm’s quarterly revenue was up 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Brandywine Realty Trust will post 1.42 earnings per share for the current year.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Bank of America lowered Brandywine Realty Trust from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $17.00 to $16.50 in a report on Monday, February 25th. Finally, Barclays raised Brandywine Realty Trust from an “equal weight” rating to an “overweight” rating and set a $17.00 price objective for the company in a report on Monday, February 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $16.38.
In related news, insider Tom Wirth sold 9,700 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $15.30, for a total transaction of $148,410.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James C. Diggs sold 3,700 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $14.84, for a total value of $54,908.00. Following the transaction, the director now owns 36,034 shares of the company’s stock, valued at approximately $534,744.56. The disclosure for this sale can be found here. Insiders own 1.32% of the company’s stock.
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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 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.
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