Brandywine Realty Trust (NYSE:BDN) CEO Acquires $299,130.00 in Stock

Brandywine Realty Trust (NYSE:BDN) CEO Gerard Sweeney purchased 88,500 shares of the company’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of $3.38 per share, for a total transaction of $299,130.00. Following the transaction, the chief executive officer owned 3,042,210 shares of the company’s stock, valued at $10,282,669.80. This trade represents a 3.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Brandywine Realty Trust Trading Up 1.0%

Shares of Brandywine Realty Trust stock opened at $3.51 on Friday. The firm has a 50-day simple moving average of $3.91 and a two-hundred day simple moving average of $4.10. The company has a debt-to-equity ratio of 2.68, a quick ratio of 2.97 and a current ratio of 2.14. Brandywine Realty Trust has a fifty-two week low of $3.23 and a fifty-two week high of $5.90. The company has a market cap of $608.81 million, a P/E ratio of -3.28 and a beta of 1.42.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The business had revenue of $121.42 million for the quarter, compared to analyst estimates of $119.11 million. Brandywine Realty Trust had a negative net margin of 38.03% and a negative return on equity of 19.55%. As a group, equities analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 9.1%. The ex-dividend date of this dividend was Thursday, October 9th. Brandywine Realty Trust’s dividend payout ratio is presently -29.91%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on BDN shares. Wall Street Zen upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Evercore ISI reduced their price objective on shares of Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating for the company in a research report on Friday. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, October 8th. Finally, Truist Financial downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $5.00 to $4.00 in a research report on Tuesday, September 16th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $4.00.

Institutional Investors Weigh In On Brandywine Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. raised its position in shares of Brandywine Realty Trust by 89.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,714 shares of the real estate investment trust’s stock valued at $110,000 after buying an additional 11,684 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Brandywine Realty Trust during the 1st quarter valued at about $113,000. Principal Financial Group Inc. raised its holdings in Brandywine Realty Trust by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 859,755 shares of the real estate investment trust’s stock valued at $3,835,000 after acquiring an additional 22,530 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Brandywine Realty Trust by 23.4% in the 1st quarter. Envestnet Asset Management Inc. now owns 210,601 shares of the real estate investment trust’s stock valued at $939,000 after acquiring an additional 39,883 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in Brandywine Realty Trust by 32.7% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 59,595 shares of the real estate investment trust’s stock worth $258,000 after purchasing an additional 14,695 shares in the last quarter. 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.