Zurcher Kantonalbank Zurich Cantonalbank decreased its position in Brandywine Realty Trust (NYSE:BDN) by 12.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 53,637 shares of the real estate investment trust’s stock after selling 7,895 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Brandywine Realty Trust were worth $976,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Adviser Investments LLC acquired a new position in Brandywine Realty Trust in the third quarter valued at $182,000. Koch Industries Inc. acquired a new position in Brandywine Realty Trust in the second quarter valued at $212,000. Nisa Investment Advisors LLC lifted its holdings in Brandywine Realty Trust by 31.6% in 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 buying an additional 3,000 shares during the period. Amica Retiree Medical Trust acquired a new position in Brandywine Realty Trust in the third quarter valued at $356,000. Finally, Fox Run Management L.L.C. lifted its holdings in Brandywine Realty Trust by 47.8% in 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 buying an additional 6,450 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.
Shares of Brandywine Realty Trust (BDN) opened at $16.02 on Thursday. Brandywine Realty Trust has a 52 week low of $15.50 and a 52 week high of $18.69. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.08. The firm has a market cap of $2,826.77, a price-to-earnings ratio of 24.65, a price-to-earnings-growth ratio of 2.05 and a beta of 0.96.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were paid a $0.18 dividend. This is an increase from Brandywine Realty Trust’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 4.49%. The ex-dividend date was Monday, January 8th. Brandywine Realty Trust’s payout ratio is 110.77%.
Several equities analysts recently issued reports on BDN shares. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, December 11th. KeyCorp raised shares of Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price target for the company in a research note on Tuesday, December 19th. Evercore ISI raised shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. SunTrust Banks reaffirmed a “buy” rating and issued a $18.00 price target on shares of Brandywine Realty Trust in a research note on Friday, October 20th. Finally, Barclays lifted their price target on shares of Brandywine Realty Trust from $17.00 to $18.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Brandywine Realty Trust has a consensus rating of “Hold” and an average target price of $19.00.
In other news, CEO Gerard H. Sweeney sold 9,241 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $18.51, for a total transaction of $171,050.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.76% of the company’s stock.
About Brandywine Realty Trust
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC, Austin, Texas, and Other. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs.
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