Brandywine Realty Trust (NYSE:BDN) Shares Gap Down – Should You Sell?

Brandywine Realty Trust (NYSE:BDN)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $3.46, but opened at $3.35. Brandywine Realty Trust shares last traded at $3.3450, with a volume of 410,394 shares trading hands.

Analyst Ratings Changes

BDN has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, October 8th. JPMorgan Chase & Co. restated an “underweight” rating on shares of Brandywine Realty Trust in a report on Monday. Wall Street Zen upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Saturday, November 15th. Evercore ISI reduced their target price on shares of Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating for the company in a research report on Friday, November 14th. Finally, Truist Financial lowered shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $5.00 to $4.00 in a research note on Tuesday, September 16th. Two investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Brandywine Realty Trust has an average rating of “Reduce” and a consensus price target of $4.00.

Brandywine Realty Trust Price Performance

The stock has a market cap of $574.08 million, a P/E ratio of -3.10 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. The business’s 50-day simple moving average is $3.81 and its two-hundred day simple moving average is $4.07.

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

Brandywine Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th were given a dividend of $0.08 per share. The ex-dividend date was Thursday, October 9th. This represents a $0.32 annualized dividend and a dividend yield of 9.7%. Brandywine Realty Trust’s dividend payout ratio is currently -29.91%.

Insiders Place Their Bets

In related news, Director James C. Diggs sold 23,190 shares of the stock in a transaction dated Thursday, October 30th. The stock was sold at an average price of $3.47, for a total transaction of $80,469.30. Following the sale, the director owned 128,672 shares of the company’s stock, valued at approximately $446,491.84. This represents a 15.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Gerard H. Sweeney bought 88,500 shares of the business’s stock in a transaction on Monday, November 10th. The stock was bought at an average price of $3.38 per share, with a total value of $299,130.00. Following the purchase, the chief executive officer owned 3,042,210 shares in the company, valued at $10,282,669.80. This trade represents a 3.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Brandywine Realty Trust

A number of large investors have recently modified their holdings of BDN. Invesco Ltd. grew its stake in Brandywine Realty Trust by 20.8% during the third quarter. Invesco Ltd. now owns 5,492,657 shares of the real estate investment trust’s stock valued at $22,904,000 after acquiring an additional 944,926 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Brandywine Realty Trust by 1.8% during the 2nd quarter. Geode Capital Management LLC now owns 4,542,328 shares of the real estate investment trust’s stock valued at $19,488,000 after purchasing an additional 81,594 shares in the last quarter. Kawa Capital Management Inc grew its position in Brandywine Realty Trust by 12.1% during the third quarter. Kawa Capital Management Inc now owns 3,923,145 shares of the real estate investment trust’s stock worth $16,360,000 after buying an additional 423,145 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Brandywine Realty Trust by 7.5% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 2,804,116 shares of the real estate investment trust’s stock valued at $11,693,000 after purchasing an additional 195,429 shares in the last quarter. Finally, Penn Capital Management Company LLC raised its stake in Brandywine Realty Trust by 12.6% in the first quarter. Penn Capital Management Company LLC now owns 2,675,294 shares of the real estate investment trust’s stock valued at $11,954,000 after purchasing an additional 300,351 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors.

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.