Forsta AP Fonden trimmed its stake in shares of Brandywine Realty Trust (NYSE:BDN) by 38.5% during the third quarter, HoldingsChannel reports. The institutional investor owned 16,800 shares of the real estate investment trust’s stock after selling 10,500 shares during the period. Forsta AP Fonden’s holdings in Brandywine Realty Trust were worth $264,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in BDN. Centersquare Investment Management LLC bought a new stake in shares of Brandywine Realty Trust during the 2nd quarter worth about $41,441,000. V3 Capital Management L.P. bought a new stake in shares of Brandywine Realty Trust during the 2nd quarter worth about $36,905,000. BlackRock Inc. raised its position in shares of Brandywine Realty Trust by 9.1% during the 2nd quarter. BlackRock Inc. now owns 14,476,362 shares of the real estate investment trust’s stock worth $244,363,000 after buying an additional 1,207,466 shares in the last quarter. Morgan Stanley raised its position in shares of Brandywine Realty Trust by 43.5% during the 2nd quarter. Morgan Stanley now owns 3,571,044 shares of the real estate investment trust’s stock worth $60,280,000 after buying an additional 1,082,940 shares in the last quarter. Finally, Monarch Partners Asset Management LLC bought a new stake in shares of Brandywine Realty Trust during the 2nd quarter worth about $14,051,000. Institutional investors own 96.87% of the company’s stock.

Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Citigroup lowered their price objective on shares of Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating on the stock in a research note on Tuesday, October 30th. Barclays reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Brandywine Realty Trust in a research note on Sunday, October 14th. Raymond James lowered their price objective on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, October 23rd. Finally, ValuEngine cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $17.14.

Shares of BDN opened at $14.26 on Monday. The company has a market capitalization of $2.55 billion, a PE ratio of 10.89, a price-to-earnings-growth ratio of 1.88 and a beta of 0.93. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.24 and a current ratio of 2.24. Brandywine Realty Trust has a 12-month low of $13.92 and a 12-month high of $18.69.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Wednesday, October 17th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.27). The business had revenue of $135.00 million during the quarter, compared to analyst estimates of $136.73 million. Brandywine Realty Trust had a return on equity of 4.98% and a net margin of 16.26%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. As a group, research analysts forecast that Brandywine Realty Trust will post 1.37 EPS for the current fiscal year.

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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 184 properties and 25.3 million square feet as of September 30, 2018, which excludes assets held for sale.

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

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