Brandywine Realty Trust (NYSE:BDN) Reaches New 1-Year Low Following Insider Selling

Brandywine Realty Trust (NYSE:BDN) reached a new 52-week low on Monday after an insider sold shares in the company. The stock traded as low as $3.37 and last traded at $3.3750, with a volume of 109622 shares. The stock had previously closed at $3.43.

Specifically, Director James C. Diggs sold 23,190 shares of the stock in a transaction on Thursday, October 30th. The stock was sold at an average price of $3.47, for a total value of $80,469.30. Following the transaction, the director directly owned 128,672 shares in the company, valued at approximately $446,491.84. This trade represents a 15.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Wall Street Analysts Forecast Growth

BDN has been the topic of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, October 8th. Wall Street Zen lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Evercore ISI raised their price target on Brandywine Realty Trust from $4.50 to $5.00 and gave the stock an “in-line” rating in a research report on Monday, September 29th. Finally, Truist Financial lowered Brandywine Realty Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $5.00 to $4.00 in a research 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 data from MarketBeat, Brandywine Realty Trust has a consensus rating of “Reduce” and an average price target of $4.50.

Brandywine Realty Trust Trading Down 1.0%

The company has a debt-to-equity ratio of 2.68, a current ratio of 2.14 and a quick ratio of 2.97. The business has a 50-day moving average of $4.08 and a 200-day moving average of $4.14. The firm has a market cap of $589.71 million, a price-to-earnings ratio of -3.17 and a beta of 1.45.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The company had revenue of $121.42 million during the quarter, compared to analyst estimates of $119.11 million. Brandywine Realty Trust had a negative net margin of 38.03% and a negative return on equity of 19.55%. Brandywine Realty Trust has set its FY 2025 guidance at 0.510-0.530 EPS. Research analysts anticipate that Brandywine Realty Trust will post 0.66 EPS for the current year.

Brandywine Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th were given a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $0.32 annualized dividend and a dividend yield of 9.4%. Brandywine Realty Trust’s dividend payout ratio is presently -29.91%.

Hedge Funds Weigh In On Brandywine Realty Trust

Several institutional investors and hedge funds have recently made changes to their positions in BDN. Wolverine Asset Management LLC acquired a new position in shares of Brandywine Realty Trust in the second quarter valued at approximately $4,566,000. Invesco Ltd. grew its position in shares of Brandywine Realty Trust by 30.4% in the second quarter. Invesco Ltd. now owns 4,547,731 shares of the real estate investment trust’s stock valued at $19,510,000 after purchasing an additional 1,059,054 shares during the last quarter. Kawa Capital Management Inc grew its position in shares of Brandywine Realty Trust by 16.7% in the second quarter. Kawa Capital Management Inc now owns 3,500,000 shares of the real estate investment trust’s stock valued at $15,015,000 after purchasing an additional 500,000 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Brandywine Realty Trust by 95.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 829,246 shares of the real estate investment trust’s stock valued at $3,557,000 after purchasing an additional 405,447 shares during the last quarter. Finally, Caxton Associates LLP acquired a new position in shares of Brandywine Realty Trust in the first quarter valued at approximately $1,418,000. Institutional investors and hedge funds own 87.27% of the company’s stock.

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.