Sumitomo Mitsui Trust Holdings Inc. Purchases 8,253 Shares of Brandywine Realty Trust (BDN)

Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Brandywine Realty Trust (NYSE:BDN) by 5.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 168,439 shares of the real estate investment trust’s stock after buying an additional 8,253 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned about 0.09% of Brandywine Realty Trust worth $2,675,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Marathon Trading Investment Management LLC purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter worth approximately $182,000. JOYN Advisors Inc. purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter worth approximately $211,000. Jane Street Group LLC purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter worth approximately $225,000. Nisa Investment Advisors LLC increased its stake in shares of Brandywine Realty Trust by 31.6% during the fourth quarter. Nisa Investment Advisors LLC now owns 12,500 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 3,000 shares during the period. Finally, Xact Kapitalforvaltning AB purchased a new stake in shares of Brandywine Realty Trust during the fourth quarter worth approximately $240,000.

Get Brandywine Realty Trust alerts:

A number of analysts recently weighed in on BDN shares. JPMorgan Chase 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 research note on Tuesday, April 24th. Zacks Investment Research downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Barclays upped their price target on Brandywine Realty Trust from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Tuesday, January 30th. SunTrust Banks set a $18.00 price target on Brandywine Realty Trust and gave the company a “buy” rating in a report on Monday, April 23rd. Finally, Stifel Nicolaus downgraded Brandywine Realty Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $19.00 to $17.00 in a report on Tuesday, March 13th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $18.17.

Shares of Brandywine Realty Trust opened at $15.64 on Friday, according to Marketbeat Ratings. The company has a debt-to-equity ratio of 1.04, a current ratio of 3.74 and a quick ratio of 3.74. The company has a market capitalization of $2.77 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 2.05 and a beta of 0.98. Brandywine Realty Trust has a 52-week low of $15.20 and a 52-week high of $18.69.

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

About Brandywine Realty Trust

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.

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).

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