Brandywine Realty Trust (NYSE:BDN) Reaches New 1-Year Low Following Insider Selling

Brandywine Realty Trust (NYSE:BDN) shares reached a new 52-week low during mid-day trading on Monday following insider selling activity. The stock traded as low as $3.37 and last traded at $3.3750, with a volume of 109622 shares traded. The stock had previously closed at $3.43.

Specifically, Director James C. Diggs sold 23,190 shares of the stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $3.47, for a total transaction of $80,469.30. Following the transaction, the director owned 128,672 shares of the company’s stock, valued at $446,491.84. This trade represents a 15.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Analyst Ratings Changes

A number of research analysts have commented on BDN shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, October 8th. Wall Street Zen downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Evercore ISI boosted their price objective on Brandywine Realty Trust from $4.50 to $5.00 and gave the stock an “in-line” rating in a research note on Monday, September 29th. Finally, Truist Financial cut Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the stock from $5.00 to $4.00 in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $4.50.

Brandywine Realty Trust Stock Down 1.0%

The business has a 50 day simple moving average of $4.08 and a 200 day simple moving average of $4.14. The company has a debt-to-equity ratio of 2.68, a current ratio of 2.14 and a quick ratio of 2.97. The stock has a market cap of $589.71 million, a PE ratio of -3.17 and a beta of 1.45.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%.The company had revenue of $121.42 million during the quarter, compared to analyst estimates of $119.11 million. Brandywine Realty Trust has set its FY 2025 guidance at 0.510-0.530 EPS. On average, equities research analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Brandywine Realty Trust Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 9.4%. Brandywine Realty Trust’s payout ratio is currently -29.91%.

Institutional Trading of Brandywine Realty Trust

Institutional investors and hedge funds have recently made changes to their positions in the stock. Invesco Ltd. lifted its position in shares of Brandywine Realty Trust by 30.4% during the 2nd quarter. Invesco Ltd. now owns 4,547,731 shares of the real estate investment trust’s stock worth $19,510,000 after purchasing an additional 1,059,054 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Brandywine Realty Trust by 1.8% during the second quarter. Geode Capital Management LLC now owns 4,542,328 shares of the real estate investment trust’s stock valued at $19,488,000 after purchasing an additional 81,594 shares during the period. Kawa Capital Management Inc increased its position in shares of Brandywine Realty Trust by 12.1% during the third quarter. Kawa Capital Management Inc now owns 3,923,145 shares of the real estate investment trust’s stock valued at $16,360,000 after purchasing an additional 423,145 shares during the period. Penn Capital Management Company LLC increased its position in shares of Brandywine Realty Trust by 12.6% during the first quarter. Penn Capital Management Company LLC now owns 2,675,294 shares of the real estate investment trust’s stock valued at $11,954,000 after purchasing an additional 300,351 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Brandywine Realty Trust by 8.9% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,608,687 shares of the real estate investment trust’s stock valued at $11,191,000 after purchasing an additional 213,848 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Company 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 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 160 properties and 22.6 million square feet as of September 30, 2023 which excludes assets held for sale.