Brandywine Realty Trust (BDN) Holdings Increased by Eventide Asset Management LLC

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Eventide Asset Management LLC boosted its position in Brandywine Realty Trust (NYSE:BDN) by 27.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 103,500 shares of the real estate investment trust’s stock after acquiring an additional 22,000 shares during the period. Eventide Asset Management LLC owned about 0.06% of Brandywine Realty Trust worth $1,644,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Adviser Investments LLC purchased a new stake in shares of Brandywine Realty Trust during the 1st quarter valued at $149,000. Marathon Trading Investment Management LLC purchased a new stake in shares of Brandywine Realty Trust during the 4th quarter valued at $182,000. JOYN Advisors Inc. purchased a new stake in shares of Brandywine Realty Trust during the 4th quarter valued at $211,000. Koch Industries Inc. purchased a new stake in shares of Brandywine Realty Trust during the 1st quarter valued at $194,000. Finally, Jane Street Group LLC purchased a new stake in shares of Brandywine Realty Trust during the 4th quarter valued at $225,000.

Shares of Brandywine Realty Trust opened at $16.17 on Wednesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.74 and a quick ratio of 3.74. Brandywine Realty Trust has a twelve month low of $15.20 and a twelve month high of $18.69. The firm has a market cap of $2.91 billion, a P/E ratio of 12.24, a price-to-earnings-growth ratio of 2.15 and a beta of 1.00.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Thursday, April 19th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.07). Brandywine Realty Trust had a return on equity of 8.37% and a net margin of 27.38%. The business had revenue of $136.36 million for the quarter, compared to analysts’ expectations of $133.17 million. During the same period last year, the company posted $0.32 earnings per share. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. sell-side analysts expect that Brandywine Realty Trust will post 1.37 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Investors of record on Friday, July 6th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, July 5th. This represents a $0.72 dividend on an annualized basis and a yield of 4.45%. Brandywine Realty Trust’s dividend payout ratio (DPR) is 54.96%.

Several analysts have recently issued reports on BDN shares. SunTrust Banks set a $18.00 price objective on shares of Brandywine Realty Trust and gave the company a “buy” rating in a research note on Monday, April 23rd. Stifel Nicolaus lowered their price objective on shares of Brandywine Realty Trust from $17.00 to $16.00 and set a “hold” rating for the company in a research note on Friday, April 20th. JPMorgan Chase & Co. lowered their price objective on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, April 24th. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 17th. Finally, ValuEngine cut shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.17.

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 185 properties and 25.3 million square feet as of December 31, 2017, which excludes assets held for sale.

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

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