Brandywine Realty Trust (NYSE:BDN) Stock Breaks Above 200 Day Moving Average – Should You Sell?

Brandywine Realty Trust (NYSE:BDN)’s stock price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $3.00 and traded as high as $3.04. Brandywine Realty Trust shares last traded at $3.0250, with a volume of 2,527,539 shares.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Sunday, July 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Tuesday, October 13th. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $3.50.

Brandywine Realty Trust Price Performance

The company has a current ratio of 3.48, a quick ratio of 1.67 and a debt-to-equity ratio of 3.70. The company has a market capitalization of $520.25 million, a P/E ratio of -3.72 and a beta of 1.32. The company has a 50 day moving average price of $2.90 and a 200 day moving average price of $3.00.

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend was Thursday, October 8th. Brandywine Realty Trust’s payout ratio is -40.00%.

Insider Activity at Brandywine Realty Trust

In related news, CEO Gerard Sweeney acquired 33,900 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were bought at an average cost of $2.96 per share, with a total value of $100,344.00. Following the completion of the transaction, the chief executive officer directly owned 4,207,691 shares of the company’s stock, valued at $12,454,765.36. This trade represents a 0.81% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Brandywine Realty Trust

Several hedge funds and other institutional investors have recently modified their holdings of BDN. Congress Asset Management Co. increased its position in Brandywine Realty Trust by 20.9% during the 3rd quarter. Congress Asset Management Co. now owns 1,212,611 shares of the real estate investment trust’s stock worth $3,395,000 after buying an additional 209,943 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Brandywine Realty Trust by 68.1% during the first quarter. Hsbc Holdings PLC now owns 778,782 shares of the real estate investment trust’s stock worth $2,087,000 after buying an additional 315,512 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth $1,861,000. Verus Financial Partners Inc. boosted its position in shares of Brandywine Realty Trust by 39.5% in the third quarter. Verus Financial Partners Inc. now owns 379,918 shares of the real estate investment trust’s stock valued at $1,064,000 after acquiring an additional 107,501 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of Brandywine Realty Trust in the second quarter valued at about $648,000. Institutional investors own 87.27% of the company’s stock.

About Brandywine Realty Trust

Brandywine Realty Trust is a self-managed and self-administered real estate investment trust that owns, develops, leases and manages office, mixed-use and life science properties. Its portfolio includes high-quality commercial buildings, retail components and multifamily or residential elements within larger urban developments.

The company’s operations are concentrated in the Philadelphia region, including Center City Philadelphia, University City and surrounding suburban communities. Brandywine’s notable developments include Cira Centre, FMC Tower at Cira Centre South and the Schuylkill Yards innovation district.