Echo Street Capital Management LLC bought a new position in Brandywine Realty Trust (NYSE:BDN - Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 24,679 shares of the real estate investment trust's stock, valued at approximately $167,000.
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Several other large investors have also made changes to their positions in the company. Citigroup Inc. raised its position in Brandywine Realty Trust by 17.1% in the first quarter. Citigroup Inc. now owns 294,304 shares of the real estate investment trust's stock valued at $4,161,000 after purchasing an additional 42,928 shares during the period. Natixis Advisors L.P. raised its position in Brandywine Realty Trust by 23.0% in the first quarter. Natixis Advisors L.P. now owns 42,369 shares of the real estate investment trust's stock valued at $599,000 after purchasing an additional 7,935 shares during the period. Bank of Montreal Can raised its position in Brandywine Realty Trust by 15.1% in the first quarter. Bank of Montreal Can now owns 60,243 shares of the real estate investment trust's stock valued at $866,000 after purchasing an additional 7,924 shares during the period. MetLife Investment Management LLC raised its position in Brandywine Realty Trust by 55.1% in the first quarter. MetLife Investment Management LLC now owns 90,395 shares of the real estate investment trust's stock valued at $1,278,000 after purchasing an additional 32,106 shares during the period. Finally, Rhumbline Advisers raised its position in Brandywine Realty Trust by 0.6% in the first quarter. Rhumbline Advisers now owns 510,543 shares of the real estate investment trust's stock valued at $7,219,000 after purchasing an additional 3,250 shares during the period. 90.84% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have commented on BDN shares. Citigroup raised their price objective on Brandywine Realty Trust from $5.00 to $5.75 and gave the company a "sell" rating in a research report on Thursday, February 16th. StockNews.com raised Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research report on Wednesday, February 22nd.
Shares of Brandywine Realty Trust stock opened at $5.66 on Wednesday. The business has a 50-day moving average of $6.33 and a 200-day moving average of $6.71. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $971.99 million, a PE ratio of 18.26, a P/E/G ratio of 1.94 and a beta of 1.17. Brandywine Realty Trust has a 1-year low of $5.58 and a 1-year high of $14.55.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 19th. Investors of record on Wednesday, April 5th will be paid a $0.19 dividend. The ex-dividend date is Tuesday, April 4th. This represents a $0.76 dividend on an annualized basis and a yield of 13.43%. Brandywine Realty Trust's dividend payout ratio (DPR) is 245.16%.
Brandywine Realty Trust is a real estate investment trust, which engages in owning, leasing, and managing an urban, town center and suburban office portfolio. The firm operates through the following business segments: Philadelphia Central Business District, Pennsylvania Suburbs, Austin, Texas, Metropolitan Washington, DC, and Other.
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