State of New Jersey Common Pension Fund D held its position in shares of Brandywine Realty Trust (NYSE:BDN) during the second quarter, Holdings Channel reports. The fund owned 510,500 shares of the real estate investment trust’s stock at the end of the second quarter. State of New Jersey Common Pension Fund D’s holdings in Brandywine Realty Trust were worth $8,949,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BDN. BlackRock Inc. boosted its position in shares of Brandywine Realty Trust by 4,165.5% in the first quarter. BlackRock Inc. now owns 11,886,832 shares of the real estate investment trust’s stock worth $192,924,000 after buying an additional 11,608,158 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Brandywine Realty Trust during the second quarter worth $63,926,000. Vanguard Group Inc. boosted its position in shares of Brandywine Realty Trust by 3.1% in the first quarter. Vanguard Group Inc. now owns 28,607,123 shares of the real estate investment trust’s stock worth $464,293,000 after buying an additional 863,062 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Brandywine Realty Trust by 83.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,808,499 shares of the real estate investment trust’s stock worth $29,352,000 after buying an additional 822,845 shares during the period. Finally, Nuveen Asset Management LLC boosted its position in shares of Brandywine Realty Trust by 35.2% in the first quarter. Nuveen Asset Management LLC now owns 2,988,767 shares of the real estate investment trust’s stock worth $48,508,000 after buying an additional 777,681 shares during the period.

Brandywine Realty Trust (NYSE BDN) opened at 16.72 on Friday. The stock has a market cap of $2.92 billion, a P/E ratio of 190.00 and a beta of 1.05. The company has a 50-day moving average of $17.10 and a 200-day moving average of $16.82. Brandywine Realty Trust has a 52 week low of $14.04 and a 52 week high of $17.83.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.31. Brandywine Realty Trust had a net margin of 4.67% and a return on equity of 1.48%. The company had revenue of $127.79 million during the quarter, compared to the consensus estimate of $134.07 million. During the same quarter last year, the company earned $0.32 earnings per share. Brandywine Realty Trust’s revenue for the quarter was up .5% on a year-over-year basis. On average, analysts predict that Brandywine Realty Trust will post $0.24 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 3.83%. The ex-dividend date was Wednesday, July 5th. Brandywine Realty Trust’s dividend payout ratio (DPR) is 800.10%.

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BDN has been the subject of a number of research reports. Stephens upgraded shares of Brandywine Realty Trust to an “underweight” rating in a report on Monday, May 15th. Mizuho upgraded shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $16.00 to $19.00 in a report on Monday, July 10th. Stifel Nicolaus upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the company from $17.00 to $19.00 in a report on Thursday, April 20th. BidaskClub cut shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Finally, Zacks Investment Research cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $17.58.

In other Brandywine Realty Trust news, insider Tom Wirth sold 2,500 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $16.90, for a total value of $42,250.00. Following the completion of the sale, the insider now owns 110,473 shares of the company’s stock, valued at $1,866,993.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.76% of the stock is owned by company insiders.

About Brandywine Realty Trust

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.

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

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