Axa S.A. grew its stake in Brandywine Realty Trust (NYSE:BDN – Get Rating) by 62.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,000 shares of the real estate investment trust’s stock after acquiring an additional 24,500 shares during the quarter. Axa S.A.’s holdings in Brandywine Realty Trust were worth $432,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of BDN. Millennium Management LLC lifted its position in Brandywine Realty Trust by 438.5% during the second quarter. Millennium Management LLC now owns 1,992,114 shares of the real estate investment trust’s stock worth $19,204,000 after buying an additional 1,622,170 shares during the period. State Street Corp increased its holdings in Brandywine Realty Trust by 10.6% during the 1st quarter. State Street Corp now owns 13,023,191 shares of the real estate investment trust’s stock worth $184,148,000 after purchasing an additional 1,250,086 shares during the last quarter. UBS Oconnor LLC raised its position in shares of Brandywine Realty Trust by 146.3% in the 3rd quarter. UBS Oconnor LLC now owns 719,160 shares of the real estate investment trust’s stock valued at $4,854,000 after purchasing an additional 427,184 shares in the last quarter. Prudential Financial Inc. raised its stake in shares of Brandywine Realty Trust by 75.2% in the 2nd quarter. Prudential Financial Inc. now owns 802,586 shares of the real estate investment trust’s stock valued at $7,737,000 after purchasing an additional 344,540 shares in the last quarter. Finally, FMR LLC lifted its position in shares of Brandywine Realty Trust by 2,326.2% during the second quarter. FMR LLC now owns 244,751 shares of the real estate investment trust’s stock worth $2,359,000 after purchasing an additional 234,663 shares during the last quarter. Institutional investors and hedge funds own 90.84% of the company’s stock.
Analysts Set New Price Targets
Several analysts have issued reports on the company. StockNews.com upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, February 22nd. Citigroup boosted their target price on shares of Brandywine Realty Trust from $5.00 to $5.75 and gave the company a “sell” rating in a research note on Thursday, February 16th.
Brandywine Realty Trust Stock Down 0.5 %
Brandywine Realty Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 19th. Investors of record on Wednesday, April 5th will be paid a dividend of $0.19 per share. The ex-dividend date is Tuesday, April 4th. This represents a $0.76 dividend on an annualized basis and a yield of 12.97%. Brandywine Realty Trust’s payout ratio is currently 245.16%.
Brandywine Realty Trust Company Profile
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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