Brandywine Realty Trust (NYSE:BDN) CEO Purchases $100,344.00 in Stock

Brandywine Realty Trust (NYSE:BDN) CEO Gerard Sweeney purchased 33,900 shares of the company’s stock in a transaction that occurred on Monday, September 14th. The stock was bought at an average cost of $2.96 per share, for a total transaction of $100,344.00. Following the purchase, the chief executive officer directly owned 4,207,691 shares in the company, valued at $12,454,765.36. This trade represents a 0.81% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Brandywine Realty Trust Price Performance

NYSE:BDN traded up $0.06 during trading hours on Wednesday, reaching $2.96. 614,720 shares of the company were exchanged, compared to its average volume of 2,500,932. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.76. The stock’s 50-day moving average is $3.09 and its 200-day moving average is $3.03. The firm has a market cap of $515.88 million, a PE ratio of -3.60 and a beta of 1.29. Brandywine Realty Trust has a twelve month low of $2.47 and a twelve month high of $4.63.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.18) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.18). The business had revenue of $128.92 million for the quarter, compared to analyst estimates of $113.04 million. Brandywine Realty Trust had a negative net margin of 28.62% and a negative return on equity of 18.52%. During the same quarter last year, the business earned ($0.51) earnings per share. On average, sell-side analysts anticipate that Brandywine Realty Trust will post 0.55 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 8th will be issued a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 10.8%. The ex-dividend date is Thursday, October 8th. Brandywine Realty Trust’s payout ratio is presently -39.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, July 15th. Wall Street Zen raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Three 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 has an average rating of “Reduce” and an average price target of $3.50.

Institutional Investors Weigh In On Brandywine Realty Trust

A number of large investors have recently modified their holdings of the company. Essential Partners LLC grew its stake in shares of Brandywine Realty Trust by 497.2% during the first quarter. Essential Partners LLC now owns 10,301 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 8,576 shares in the last quarter. Waverly Advisors LLC purchased a new stake in Brandywine Realty Trust during the 2nd quarter worth about $34,000. HB Wealth Management LLC acquired a new position in shares of Brandywine Realty Trust during the 1st quarter worth about $33,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Brandywine Realty Trust during the 2nd quarter worth about $44,000. Finally, Krilogy Financial LLC purchased a new stake in Brandywine Realty Trust during the first quarter worth approximately $41,000. 87.27% of the stock is owned by hedge funds and other institutional investors.

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.