Brandywine Realty Trust (NYSE:BDN) CEO Gerard Sweeney Purchases 33,900 Shares of Stock

Brandywine Realty Trust (NYSE:BDN) CEO Gerard Sweeney purchased 33,900 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was acquired at an average cost of $2.96 per share, for a total transaction of $100,344.00. Following the purchase, the chief executive officer owned 4,207,691 shares in the company, valued at approximately $12,454,765.36. The trade was a 0.81% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.

Brandywine Realty Trust Stock Up 0.9%

Shares of NYSE:BDN opened at $2.92 on Thursday. The company has a market capitalization of $510.65 million, a price-to-earnings ratio of -3.57 and a beta of 1.29. Brandywine Realty Trust has a 12-month low of $2.47 and a 12-month high of $4.63. The business has a 50-day moving average price of $3.09 and a 200 day moving average price of $3.02. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.76.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.18) earnings per share for the quarter, hitting the consensus estimate of ($0.18). Brandywine Realty Trust had a negative net margin of 28.62% and a negative return on equity of 18.52%. The company had revenue of $128.92 million during the quarter, compared to analyst estimates of $113.04 million. During the same quarter last year, the firm posted ($0.51) earnings per share. Sell-side analysts expect that Brandywine Realty Trust will post 0.55 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th will be given a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $0.32 dividend on an annualized basis and a yield of 10.9%. Brandywine Realty Trust’s payout ratio is presently -39.02%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on BDN shares. Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, July 15th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $3.50.

Institutional Investors Weigh In On Brandywine Realty Trust

Large investors have recently bought and sold shares of the stock. UBS Group AG grew its holdings in Brandywine Realty Trust by 73.0% during the fourth quarter. UBS Group AG now owns 1,849,023 shares of the real estate investment trust’s stock worth $5,399,000 after acquiring an additional 780,312 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Brandywine Realty Trust during the first quarter worth about $1,861,000. Hsbc Holdings PLC increased its holdings in Brandywine Realty Trust by 68.1% in the first quarter. Hsbc Holdings PLC now owns 778,782 shares of the real estate investment trust’s stock valued at $2,087,000 after buying an additional 315,512 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Brandywine Realty Trust during the 2nd quarter valued at approximately $648,000. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in shares of Brandywine Realty Trust during the 2nd quarter valued at approximately $361,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

About Brandywine Realty Trust

Brandywine Realty Trust (NYSE:BDN) is a self-managed and self-administered real estate investment trust that owns, develops, leases and manages office, mixed-use and life sciences properties. Its portfolio also includes retail, residential and parking components that support its larger urban developments.

The company focuses primarily on high-density, transit-oriented locations in the Philadelphia region, including Center City Philadelphia, University City and surrounding suburban communities.