Insider Buying: Brandywine Realty Trust (NYSE:BDN) CEO Acquires 88,500 Shares of Stock

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

Brandywine Realty Trust Stock Performance

Shares of NYSE:BDN traded up $0.06 during trading on Wednesday, reaching $3.48. The stock had a trading volume of 3,992,671 shares, compared to its average volume of 2,466,685. The stock has a fifty day simple moving average of $3.96 and a two-hundred day simple moving average of $4.11. The company has a quick ratio of 2.97, a current ratio of 2.14 and a debt-to-equity ratio of 2.68. Brandywine Realty Trust has a 52 week low of $3.23 and a 52 week high of $5.90. The firm has a market capitalization of $603.60 million, a price-to-earnings ratio of -3.25 and a beta of 1.42.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Thursday, October 23rd. The real estate investment trust reported $0.16 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $121.42 million during the quarter, compared to the consensus estimate of $119.11 million. As a group, analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Cuts Dividend

The business also recently announced 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 annualized dividend and a yield of 9.2%. The ex-dividend date was Thursday, October 9th. Brandywine Realty Trust’s dividend payout ratio is presently -29.91%.

Institutional Investors Weigh In On Brandywine Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in BDN. Cambridge Investment Research Advisors Inc. lifted its holdings in Brandywine Realty Trust by 89.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 24,714 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 11,684 shares during the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth approximately $113,000. Principal Financial Group Inc. boosted its holdings in shares of 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 worth $3,835,000 after acquiring an additional 22,530 shares in the last quarter. Envestnet Asset Management Inc. grew its position in Brandywine Realty Trust by 23.4% during the 1st quarter. Envestnet Asset Management Inc. now owns 210,601 shares of the real estate investment trust’s stock worth $939,000 after acquiring an additional 39,883 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in Brandywine Realty Trust by 32.7% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 59,595 shares of the real estate investment trust’s stock valued at $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.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Truist Financial downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $5.00 to $4.00 in a report on Tuesday, September 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, October 8th. Evercore ISI lifted their price objective on Brandywine Realty Trust from $4.50 to $5.00 and gave the stock an “in-line” rating in a report on Monday, September 29th. Finally, Wall Street Zen lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $4.50.

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.