Key Points
- CEO Gerard Sweeney bought 33,900 Brandywine Realty Trust shares at an average price of $2.96, investing $100,344 and increasing his direct ownership by 0.81% to 4.21 million shares.
- BDN shares opened at $2.92, with a market capitalization of about $510.7 million and a 52-week range of $2.47 to $4.63. The company reported quarterly revenue of $128.9 million and adjusted expectations for earnings per share of negative $0.18.
- Brandywine declared a quarterly dividend of $0.08 per share, or $0.32 annually, representing a 10.9% yield. Analysts remain cautious, assigning the stock a consensus “Reduce” rating and a $3.50 price target.
Brandywine Realty Trust (NYSE:BDN - Get Free Report) CEO Gerard Sweeney purchased 33,900 shares of the business's stock in a transaction dated Monday, September 14th. The shares were purchased at an average cost of $2.96 per share, with a total value of $100,344.00. Following the purchase, the chief executive officer directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Brandywine Realty Trust Price Performance
Shares of NYSE BDN opened at $2.92 on Thursday. The stock has a market cap of $510.65 million, a price-to-earnings ratio of -3.57 and a beta of 1.29. Brandywine Realty Trust has a 52 week low of $2.47 and a 52 week high of $4.63. The company's 50-day moving average price is $3.09 and its 200 day moving average price is $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 - Get Free Report) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.18) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates 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 analysts' expectations of $113.04 million. During the same quarter in the previous year, the business posted ($0.51) earnings per share. As a group, research analysts forecast that Brandywine Realty Trust will post 0.55 earnings per share for the current fiscal year.
Brandywine Realty Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 8th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date of this dividend is Thursday, October 8th. Brandywine Realty Trust's payout ratio is -39.02%.
Wall Street Analysts Forecast Growth
A number of analysts recently commented 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 investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $3.50.
Read Our Latest Research Report on Brandywine Realty Trust
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the stock. UBS Group AG increased its position 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 purchasing an additional 780,312 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in shares of Brandywine Realty Trust by 68.1% in the 1st quarter. Hsbc Holdings PLC now owns 778,782 shares of the real estate investment trust's stock valued at $2,087,000 after purchasing an additional 315,512 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Brandywine Realty Trust during the 1st quarter valued at $1,861,000. Verus Financial Partners Inc. grew its stake in shares of Brandywine Realty Trust by 2.9% during the 1st quarter. Verus Financial Partners Inc. now owns 260,694 shares of the real estate investment trust's stock valued at $738,000 after buying an additional 7,345 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Brandywine Realty Trust during the 2nd quarter worth $648,000. Institutional investors and hedge funds own 87.27% of the company's stock.
About Brandywine Realty Trust
(
Get Free Report)
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.
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