Brandywine Realty Trust (NYSE:BDN) CEO Gerard Sweeney Buys 88,500 Shares

Brandywine Realty Trust (NYSE:BDN) CEO Gerard Sweeney purchased 88,500 shares of the stock in a transaction that occurred on Monday, November 10th. The stock was bought at an average cost of $3.38 per share, with a total value of $299,130.00. Following the acquisition, the chief executive officer owned 3,042,210 shares of the company’s stock, valued at $10,282,669.80. This represents a 3.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.

Brandywine Realty Trust Trading Up 1.6%

NYSE:BDN traded up $0.06 during trading hours on Wednesday, hitting $3.48. 3,992,671 shares of the stock were exchanged, compared to its average volume of 2,466,685. The company has a market capitalization of $603.60 million, a P/E ratio of -3.25 and a beta of 1.42. The company has a quick ratio of 2.97, a current ratio of 2.14 and a debt-to-equity ratio of 2.68. The company’s 50 day moving average is $3.96 and its two-hundred day moving average is $4.11. Brandywine Realty Trust has a twelve month low of $3.23 and a twelve month high of $5.90.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The firm 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%. On average, sell-side analysts anticipate 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 declared a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend was Thursday, October 9th. Brandywine Realty Trust’s payout ratio is -29.91%.

Analysts Set New Price Targets

A number of brokerages have issued reports on BDN. Evercore ISI raised their price objective on shares of Brandywine Realty Trust from $4.50 to $5.00 and gave the company an “in-line” rating in a research note on Monday, September 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, October 8th. Wall Street Zen cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, October 25th. Finally, Truist Financial lowered 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 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 stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $4.50.

Institutional Trading of Brandywine Realty Trust

A number of large investors have recently bought and sold shares of BDN. Signaturefd LLC bought a new position in Brandywine Realty Trust in the first quarter valued at approximately $27,000. Ballentine Partners LLC acquired a new stake in shares of Brandywine Realty Trust in the 3rd quarter valued at approximately $55,000. US Bancorp DE increased its holdings in Brandywine Realty Trust by 135.0% during the first quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 7,624 shares during the last quarter. Coldstream Capital Management Inc. raised its position in Brandywine Realty Trust by 48.5% during the second quarter. Coldstream Capital Management Inc. now owns 14,042 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 4,588 shares in the last quarter. Finally, Creative Planning lifted its stake in Brandywine Realty Trust by 23.9% in the second quarter. Creative Planning now owns 14,244 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 2,749 shares during the last quarter. 87.27% of the stock is owned by institutional investors.

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 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.