Manning & Napier Group LLC Sells 13,232 Shares of Brandywine Realty Trust (NYSE:BDN)


Manning & Napier Group LLC reduced its stake in shares of Brandywine Realty Trust (NYSE:BDN – Get Rating) by 3.7% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 339,701 shares of the real estate investment trust’s stock after selling 13,232 shares during the period. Manning & Napier Group LLC’s holdings in Brandywine Realty Trust were worth $4,801,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Brandywine Realty Trust by 6.1% in the fourth quarter. State Street Corp now owns 11,773,105 shares of the real estate investment trust’s stock valued at $157,995,000 after purchasing an additional 673,291 shares in the last quarter. Tudor Investment Corp Et Al bought a new position in Brandywine Realty Trust during the 3rd quarter valued at $5,928,000. Nuveen Asset Management LLC boosted its holdings in Brandywine Realty Trust by 7.3% during the 4th quarter. Nuveen Asset Management LLC now owns 3,885,739 shares of the real estate investment trust’s stock worth $52,147,000 after acquiring an additional 265,193 shares during the last quarter. Renaissance Technologies LLC bought a new stake in shares of Brandywine Realty Trust in the 4th quarter worth $3,284,000. Finally, Allspring Global Investments Holdings LLC purchased a new position in Brandywine Realty Trust during the fourth quarter worth about $2,115,000.

Several equities analysts have commented on the stock. Credit Suisse Group assumed coverage on shares of Brandywine Realty Trust in a research report on Wednesday, June 22nd. They set a “neutral” rating and a $10.00 target price on the stock. Truist Financial cut their price objective on Brandywine Realty Trust from $14.00 to $11.00 and set a “hold” rating on the stock in a research report on Thursday. Finally, StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, April 14th.

BDN opened at $9.64 on Friday. The company’s 50-day moving average price is $10.77 and its two-hundred day moving average price is $12.51. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 1.19. Brandywine Realty Trust has a twelve month low of $9.23 and a twelve month high of $14.88. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 137.71, a PEG ratio of 2.71 and a beta of 1.15.

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

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 20th. Stockholders of record on Wednesday, July 6th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $0.76 annualized dividend and a dividend yield of 7.88%. Brandywine Realty Trust’s payout ratio is 1,085.71%.

Brandywine Realty Trust Profile (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.

See Also

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Institutional Ownership by Quarter for Brandywine Realty Trust (NYSE:BDN)



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