Brandywine Realty Trust (NYSE:BDN) Stock Position Lessened by State of Alaska Department of Revenue


State of Alaska Department of Revenue decreased its holdings in Brandywine Realty Trust (NYSE:BDN – Get Rating) by 0.5% in the 1st quarter, HoldingsChannel reports. The firm owned 206,204 shares of the real estate investment trust’s stock after selling 1,140 shares during the quarter. State of Alaska Department of Revenue’s holdings in Brandywine Realty Trust were worth $2,914,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in BDN. Rockefeller Capital Management LP grew its stake in shares of Brandywine Realty Trust by 124.4% in the fourth quarter. Rockefeller Capital Management LP now owns 1,943 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,077 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of Brandywine Realty Trust by 301.6% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,389 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 3,296 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Brandywine Realty Trust in the fourth quarter worth $157,000. Advisor Partners LLC grew its stake in shares of Brandywine Realty Trust by 7.8% in the fourth quarter. Advisor Partners LLC now owns 12,023 shares of the real estate investment trust’s stock worth $162,000 after purchasing an additional 875 shares in the last quarter. Finally, Van ECK Associates Corp grew its stake in shares of Brandywine Realty Trust by 66.9% in the fourth quarter. Van ECK Associates Corp now owns 13,208 shares of the real estate investment trust’s stock worth $177,000 after purchasing an additional 5,295 shares in the last quarter.

NYSE BDN opened at $9.78 on Thursday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 139.71, a P/E/G ratio of 2.71 and a beta of 1.15. Brandywine Realty Trust has a 1 year low of $9.23 and a 1 year high of $14.88. The business’s fifty day moving average is $10.83 and its two-hundred day moving average is $12.54. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.72 and a current ratio of 1.72.

Brandywine Realty Trust (NYSE:BDN – Get Rating) last posted its quarterly earnings results on Wednesday, April 20th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.31). The company had revenue of $127.50 million during the quarter, compared to the consensus estimate of $126.45 million. Brandywine Realty Trust had a net margin of 2.30% and a return on equity of 0.66%. Brandywine Realty Trust’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 EPS. On average, research analysts forecast that Brandywine Realty Trust will post 1.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 20th. Shareholders of record on Wednesday, July 6th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $0.76 annualized dividend and a dividend yield of 7.77%. Brandywine Realty Trust’s dividend payout ratio is currently 1,085.71%.

BDN has been the topic of several research analyst reports. Credit Suisse Group initiated coverage on Brandywine Realty Trust in a research report on Wednesday, June 22nd. They set a “neutral” rating and a $10.00 price target on the stock. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 14th.

About Brandywine Realty Trust (GetRated)

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, Austin and Washington, DC markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 175 properties and 24.7 million square feet as of December 31, 2020 which excludes assets held for sale.

Recommended Stories

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 – Get Rating).

Institutional Ownership by Quarter 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.

Leave a Comment

Your email address will not be published.