Brandywine Realty Trust (BDN) Position Increased by BlackRock Fund Advisors

Brandywine Realty Trust (BDN) Position Increased by BlackRock Fund Advisors

BlackRock Fund Advisors boosted its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 5.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,786,987 shares of the company’s stock after buying an additional 151,202 shares during the period. BlackRock Fund Advisors owned 1.60% of Brandywine Realty Trust worth $43,533,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Teacher Retirement System of Texas increased its stake in shares of Brandywine Realty Trust by 1,257.8% in the third quarter. Teacher Retirement System of Texas now owns 332,345 shares of the company’s stock valued at $5,191,000 after buying an additional 307,868 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in shares of Brandywine Realty Trust during the second quarter valued at $26,259,000. Victory Capital Management Inc. purchased a new stake in shares of Brandywine Realty Trust during the third quarter valued at $14,384,000. Foundry Partners LLC increased its stake in shares of Brandywine Realty Trust by 1.8% in the third quarter. Foundry Partners LLC now owns 770,345 shares of the company’s stock valued at $12,033,000 after buying an additional 13,461 shares during the period. Finally, BlackRock Inc. increased its stake in shares of Brandywine Realty Trust by 7.5% in the third quarter. BlackRock Inc. now owns 248,069 shares of the company’s stock valued at $3,874,000 after buying an additional 17,203 shares during the period.

Brandywine Realty Trust (NYSE:BDN) traded down 1.52% on Friday, reaching $16.19. 1,105,030 shares of the company were exchanged. The stock’s market capitalization is $2.82 billion. Brandywine Realty Trust has a 52 week low of $11.22 and a 52 week high of $17.05. The stock has a 50-day moving average price of $16.16 and a 200 day moving average price of $15.85.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 25th. Shareholders of record on Wednesday, January 11th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date was Monday, January 9th. Brandywine Realty Trust’s dividend payout ratio is presently -581.77%.

BDN has been the subject of several research reports. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Tuesday, December 27th. J P Morgan Chase & Co downgraded shares of Brandywine Realty Trust from an “overweight” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research note on Friday, December 16th. Raymond James Financial, Inc. upgraded shares of Brandywine Realty Trust from a “market perform” rating to an “outperform” rating in a research note on Monday, January 9th. Evercore ISI upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.50 price objective for the company in a research note on Monday, December 19th. They noted that the move was a valuation call. Finally, Barclays PLC lowered their price objective on shares of Brandywine Realty Trust from $16.00 to $15.00 and set an “equal weight” rating for the company in a research note on Monday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.25.

In other Brandywine Realty Trust news, insider Gerard H. Sweeney sold 20,000 shares of the stock in a transaction that occurred on Monday, January 23rd. The shares were sold at an average price of $16.52, for a total value of $330,400.00. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.98% of the company’s stock.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office, industrial, retail and mixed-use properties. The Company manages its portfolio within four segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC and Austin, Texas.

Want to see what other hedge funds are holding BDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Brandywine Realty Trust (NYSE:BDN).

Related posts

Leave a Comment