Brandywine Realty Trust (BDN) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 4.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,392,813 shares of the real estate investment trust’s stock after selling 67,713 shares during the period. Principal Financial Group Inc. owned about 0.78% of Brandywine Realty Trust worth $22,117,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. BlackRock Inc. lifted its position in shares of Brandywine Realty Trust by 0.3% during the first quarter. BlackRock Inc. now owns 13,268,896 shares of the real estate investment trust’s stock worth $210,712,000 after purchasing an additional 40,618 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in Brandywine Realty Trust by 0.5% in the fourth quarter. Macquarie Group Ltd. now owns 5,996,278 shares of the real estate investment trust’s stock worth $109,374,000 after acquiring an additional 29,694 shares during the last quarter. Renaissance Technologies LLC lifted its holdings 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 worth $53,208,000 after acquiring an additional 749,500 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Brandywine Realty Trust by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 2,902,667 shares of the real estate investment trust’s stock worth $46,094,000 after acquiring an additional 86,964 shares during the last quarter. Finally, Westwood Holdings Group Inc. lifted its holdings in Brandywine Realty Trust by 2.4% in the fourth quarter. Westwood Holdings Group Inc. now owns 2,424,416 shares of the real estate investment trust’s stock worth $44,100,000 after acquiring an additional 56,015 shares during the last quarter.

Shares of NYSE:BDN opened at $16.17 on Wednesday. Brandywine Realty Trust has a 52 week low of $15.20 and a 52 week high of $18.69. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 2.15 and a beta of 1.00. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 1.04.

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

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

A number of equities analysts have issued reports on BDN shares. JPMorgan Chase & Co. cut their target price on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, April 24th. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, April 17th. SunTrust Banks set a $18.00 price target on shares of Brandywine Realty Trust and gave the company a “buy” rating in a research note on Monday, April 23rd. Stifel Nicolaus lowered shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the company from $19.00 to $17.00 in a research note on Tuesday, March 13th. Finally, ValuEngine lowered 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 assigned a buy rating to the company’s stock. Brandywine Realty Trust has an average rating of “Hold” and an average target price of $18.17.

Brandywine Realty Trust 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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