Gerard Sweeney Acquires 33,900 Shares of Brandywine Realty Trust (NYSE:BDN) 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 purchased at an average cost of $2.96 per share, for a total transaction of $100,344.00. Following the acquisition, the chief executive officer owned 4,207,691 shares of the company’s stock, valued at approximately $12,454,765.36. This trade represents a 0.81% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Brandywine Realty Trust Trading Up 0.2%

Shares of BDN stock opened at $2.92 on Friday. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.67 and a current ratio of 1.67. Brandywine Realty Trust has a 52-week low of $2.47 and a 52-week high of $4.63. The company has a market capitalization of $510.64 million, a PE ratio of -3.57 and a beta of 1.29. The business’s fifty day moving average is $3.08 and its 200 day moving average is $3.02.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.18) EPS for the quarter, hitting the consensus estimate of ($0.18). The business had revenue of $128.92 million during the quarter, compared to analysts’ expectations of $113.04 million. Brandywine Realty Trust had a negative return on equity of 18.52% and a negative net margin of 28.62%.During the same period in the previous year, the business earned ($0.51) earnings per share. On average, equities research analysts anticipate that Brandywine Realty Trust will post 0.55 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on BDN shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, July 15th. Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Three analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Brandywine Realty Trust currently has an average rating of “Reduce” and a consensus price target of $3.50.

Institutional Investors Weigh In On Brandywine Realty Trust

Hedge funds have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its holdings in shares of Brandywine Realty Trust by 311.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 44,740 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 33,869 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in Brandywine Realty Trust in the second quarter worth approximately $347,000. Integrated Wealth Concepts LLC purchased a new stake in Brandywine Realty Trust in the second quarter worth approximately $44,000. Allworth Financial LP grew its position in Brandywine Realty Trust by 132.4% during the second quarter. Allworth Financial LP now owns 15,465 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 8,810 shares during the last quarter. Finally, Waverly Advisors LLC bought a new position in Brandywine Realty Trust during the second quarter valued at approximately $34,000. 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.