Brandywine Realty Trust (NYSE:BDN) CEO Gerard Sweeney Buys 33,900 Shares
by Kim Johansen · The Markets DailyBrandywine Realty Trust (NYSE:BDN – Get Free Report) CEO Gerard Sweeney purchased 33,900 shares of the firm’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 purchase, the chief executive officer directly owned 4,207,691 shares of the company’s stock, valued at approximately $12,454,765.36. This represents a 0.81% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Brandywine Realty Trust Trading Up 1.9%
BDN traded up $0.06 during trading on Wednesday, hitting $2.96. 614,720 shares of the stock were exchanged, compared to its average volume of 2,500,932. The firm has a 50 day simple moving average of $3.09 and a 200 day simple moving average of $3.03. The firm has a market cap of $515.88 million, a price-to-earnings ratio of -3.60 and a beta of 1.29. Brandywine Realty Trust has a 1 year low of $2.47 and a 1 year high of $4.63. 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 (NYSE:BDN – Get Free Report) last posted its quarterly 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 return on equity of 18.52% and a negative net margin of 28.62%.The business had revenue of $128.92 million for the quarter, compared to the consensus estimate of $113.04 million. During the same quarter in the prior year, the company earned ($0.51) EPS. As a group, equities analysts expect that Brandywine Realty Trust will post 0.55 EPS for the current year.
Brandywine Realty Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 8th will be paid a dividend of $0.08 per share. The ex-dividend date is Thursday, October 8th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 10.8%. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently -39.02%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on BDN shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, July 15th. Wall Street Zen upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $3.50.
View Our Latest Analysis on Brandywine Realty Trust
Hedge Funds Weigh In On Brandywine Realty Trust
Hedge funds and other institutional investors have recently bought and sold shares of the business. Essential Partners LLC boosted its stake in shares of Brandywine Realty Trust by 497.2% during the 1st quarter. Essential Partners LLC now owns 10,301 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 8,576 shares in the last quarter. Waverly Advisors LLC purchased a new position in Brandywine Realty Trust during the second quarter worth approximately $34,000. HB Wealth Management LLC purchased a new position in Brandywine Realty Trust during the first quarter worth approximately $33,000. Integrated Wealth Concepts LLC acquired a new stake in Brandywine Realty Trust in the second quarter valued at approximately $44,000. Finally, Krilogy Financial LLC acquired a new stake in Brandywine Realty Trust in the first quarter valued at approximately $41,000. Institutional investors and hedge funds 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.