The Brandywine Realty Trust (BDN) EVP Sells $153,549.27 in Stock

The Brandywine Realty Trust (BDN) EVP Sells $153,549.27 in Stock

Shares of Brandywine Realty Trust (BDN) opened at 17.50 on Monday. The company has a market cap of $3.05 billion, a PE ratio of 380.43 and a beta of 1.05. Brandywine Realty Trust has a 12 month low of $14.04 and a 12 month high of $17.67. The firm’s 50-day moving average price is $17.13 and its 200 day moving average price is $16.35.

Brandywine Realty Trust (NYSE:BDN) EVP H Jeffrey Devuono sold 9,027 shares of the business’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $17.01, for a total value of $153,549.27. Following the completion of the sale, the executive vice president now directly owns 147,560 shares in the company, valued at $2,509,995.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Wednesday, April 19th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Brandywine Realty Trust had a net margin of 7.65% and a return on equity of 2.08%. The firm had revenue of $130.92 million for the quarter, compared to the consensus estimate of $132.96 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. Equities research analysts anticipate that Brandywine Realty Trust will post $0.21 earnings per share for the current fiscal year. The business also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Wednesday, July 5th. Brandywine Realty Trust’s payout ratio is currently 355.56%.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Wednesday, April 19th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. Brandywine Realty Trust had a net margin of 7.65% and a return on equity of 2.08%. The firm had revenue of $130.92 million for the quarter, compared to the consensus estimate of $132.96 million. During the same quarter in the previous year, the firm posted ($0.07) EPS. The firm’s quarterly revenue was down 4.1% on a year-over-year basis. Equities research analysts anticipate that Brandywine Realty Trust will post $0.21 earnings per share for the current fiscal year. A number of analysts have commented on BDN shares. Barclays PLC restated a “neutral” rating on shares of Brandywine Realty Trust in a research report on Friday, February 10th. Stifel Nicolaus raised Brandywine Realty Trust from a “hold” rating to a “buy” rating and increased their price target for the company from $17.00 to $19.00 in a research note on Thursday, April 20th. Finally, Stephens raised Brandywine Realty Trust to an “underweight” rating in a research note on Monday, May 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $16.75.

Large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its stake in shares of Brandywine Realty Trust by 0.9% in the third quarter. California State Teachers Retirement System now owns 377,649 shares of the real estate investment trust’s stock worth $5,899,000 after buying an additional 3,400 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Brandywine Realty Trust by 6.5% in the third quarter. Rhumbline Advisers now owns 154,685 shares of the real estate investment trust’s stock worth $2,416,000 after buying an additional 9,418 shares in the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Brandywine Realty Trust by 18.1% in the third quarter. TIAA CREF Investment Management LLC now owns 348,833 shares of the real estate investment trust’s stock worth $5,449,000 after buying an additional 53,522 shares in the last quarter. BlackRock Fund Advisors increased its stake in shares of Brandywine Realty Trust by 5.7% in the third quarter. BlackRock Fund Advisors now owns 2,786,987 shares of the real estate investment trust’s stock worth $43,533,000 after buying an additional 151,202 shares in the last quarter. Finally, BlackRock Investment Management LLC raised its position in Brandywine Realty Trust by 13.0% in the third quarter. BlackRock Investment Management LLC now owns 200,540 shares of the real estate investment trust’s stock worth $3,132,000 after buying an additional 23,019 shares during the last quarter. Brandywine Realty Trust Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BDN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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