Vaughan Nelson Investment Management L.P. Sells 224,024 Shares of Brandywine Realty Trust (BDN)

Vaughan Nelson Investment Management L.P. lowered its position in Brandywine Realty Trust (NYSE:BDN) by 5.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,560,826 shares of the real estate investment trust’s stock after selling 224,024 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 1.99% of Brandywine Realty Trust worth $56,546,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its position in Brandywine Realty Trust by 8.1% in the fourth quarter. BlackRock Inc. now owns 13,228,278 shares of the real estate investment trust’s stock valued at $240,624,000 after purchasing an additional 987,496 shares during the last quarter. Resolution Capital Ltd lifted its position in Brandywine Realty Trust by 37.0% in the fourth quarter. Resolution Capital Ltd now owns 2,912,263 shares of the real estate investment trust’s stock valued at $52,974,000 after purchasing an additional 786,207 shares during the last quarter. Renaissance Technologies LLC lifted its position in Brandywine Realty Trust by 34.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,925,098 shares of the real estate investment trust’s stock valued at $53,208,000 after purchasing an additional 749,500 shares during the last quarter. American Century Companies Inc. bought a new stake in Brandywine Realty Trust in the fourth quarter valued at approximately $13,068,000. Finally, Deprince Race & Zollo Inc. lifted its position in Brandywine Realty Trust by 67.5% in the fourth quarter. Deprince Race & Zollo Inc. now owns 1,382,974 shares of the real estate investment trust’s stock valued at $25,156,000 after purchasing an additional 557,557 shares during the last quarter.

Shares of Brandywine Realty Trust stock traded up $0.04 during midday trading on Thursday, reaching $16.11. 2,934,900 shares of the company’s stock traded hands, compared to its average volume of 1,617,072. The company has a quick ratio of 3.74, a current ratio of 3.74 and a debt-to-equity ratio of 1.04. The company has a market cap of $2.91 billion, a PE ratio of 12.31, a P/E/G ratio of 2.15 and a beta of 1.00. Brandywine Realty Trust has a 12 month low of $15.20 and a 12 month high of $18.69.

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

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 20th. Shareholders of record on Friday, July 6th will be issued a $0.18 dividend. The ex-dividend date is Thursday, July 5th. This represents a $0.72 dividend on an annualized basis and a yield of 4.47%. Brandywine Realty Trust’s dividend payout ratio (DPR) is 54.96%.

Several brokerages have weighed in on BDN. ValuEngine downgraded Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, April 17th. Stifel Nicolaus downgraded Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $19.00 to $17.00 in a report on Tuesday, March 13th. JPMorgan Chase & Co. decreased their target price on Brandywine Realty Trust from $18.00 to $17.00 and set a “neutral” rating for the company in a report on Tuesday, April 24th. Finally, SunTrust Banks set a $18.00 target price on Brandywine Realty Trust and gave the company a “buy” rating in a report on Monday, April 23rd. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $18.17.

Brandywine Realty Trust Company Profile

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.

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

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