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

Brandywine Realty Trust (NYSE:BDN) CEO Gerard Sweeney bought 88,500 shares of the business’s stock in a transaction on Monday, November 10th. The shares were acquired at an average cost of $3.38 per share, for a total transaction of $299,130.00. Following the purchase, the chief executive officer directly owned 3,042,210 shares in the company, valued at $10,282,669.80. This represents a 3.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

Brandywine Realty Trust Price Performance

Shares of NYSE BDN opened at $3.48 on Thursday. The firm’s 50-day simple moving average is $3.94 and its 200 day simple moving average is $4.10. The stock has a market cap 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. Brandywine Realty Trust has a fifty-two week low of $3.23 and a fifty-two week high of $5.90.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Thursday, October 23rd. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Brandywine Realty Trust had a negative net margin of 38.03% and a negative return on equity of 19.55%. The company had revenue of $121.42 million for the quarter, compared to analyst estimates of $119.11 million. Equities analysts expect that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date was Thursday, October 9th. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -29.91%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BDN. Natixis Advisors LLC boosted its holdings in Brandywine Realty Trust by 7.0% during the third quarter. Natixis Advisors LLC now owns 73,124 shares of the real estate investment trust’s stock valued at $305,000 after acquiring an additional 4,810 shares during the period. Dimensional Fund Advisors LP grew its holdings in Brandywine Realty Trust by 5.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,514,161 shares of the real estate investment trust’s stock valued at $10,484,000 after buying an additional 129,123 shares during the last quarter. Journey Strategic Wealth LLC acquired a new position in Brandywine Realty Trust during the 3rd quarter valued at $64,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Brandywine Realty Trust by 6.1% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 126,122 shares of the real estate investment trust’s stock valued at $526,000 after buying an additional 7,306 shares during the last quarter. Finally, Intech Investment Management LLC lifted its stake in shares of Brandywine Realty Trust by 10.2% in the third quarter. Intech Investment Management LLC now owns 210,689 shares of the real estate investment trust’s stock valued at $879,000 after buying an additional 19,432 shares during the period. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Brandywine Realty Trust Company Profile

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.