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

Brandywine Realty Trust (NYSE:BDN) hit a new 52-week low during trading 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 changing hands. The stock had previously closed at $3.43.

Specifically, Director James C. Diggs sold 23,190 shares of Brandywine Realty Trust stock in a transaction on Thursday, October 30th. The shares were sold at an average price of $3.47, for a total transaction of $80,469.30. Following the completion of the sale, the director owned 128,672 shares of the company’s stock, valued at approximately $446,491.84. The trade was a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Analysts Set New Price Targets

BDN has been the subject of a number of analyst reports. Truist Financial lowered shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $5.00 to $4.00 in a report on Tuesday, September 16th. Evercore ISI lifted their target price on shares of Brandywine Realty Trust from $4.50 to $5.00 and gave the stock an “in-line” rating in a report on Monday, September 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Saturday, October 25th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Brandywine Realty Trust currently has an average rating of “Reduce” and an average price target of $4.50.

Brandywine Realty Trust Stock Performance

The stock has a market capitalization of $579.29 million, a price-to-earnings ratio of -3.12 and a beta of 1.45. The company has a current ratio of 2.14, a quick ratio of 2.97 and a debt-to-equity ratio of 2.68. The stock’s 50 day moving average is $4.06 and its two-hundred day moving average is $4.13.

Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.16 earnings per share 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 return on equity of 19.55% and a negative net margin of 38.03%. Brandywine Realty Trust has set its FY 2025 guidance at 0.510-0.530 EPS. Analysts expect that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Brandywine Realty Trust Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Thursday, October 9th were paid a $0.08 dividend. The ex-dividend date of this dividend was Thursday, October 9th. This represents a $0.32 dividend on an annualized basis and a yield of 9.6%. Brandywine Realty Trust’s dividend payout ratio is presently -29.91%.

Hedge Funds Weigh In On Brandywine Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its stake in shares of Brandywine Realty Trust by 42.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 950,179 shares of the real estate investment trust’s stock worth $4,238,000 after buying an additional 282,031 shares during the last quarter. Concurrent Investment Advisors LLC boosted its position in Brandywine Realty Trust by 119.7% during the first quarter. Concurrent Investment Advisors LLC now owns 55,105 shares of the real estate investment trust’s stock valued at $246,000 after purchasing an additional 30,028 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Brandywine Realty Trust by 89.7% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,714 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 11,684 shares during the last quarter. American Century Companies Inc. boosted its position in Brandywine Realty Trust by 54.2% during the first quarter. American Century Companies Inc. now owns 88,406 shares of the real estate investment trust’s stock valued at $394,000 after purchasing an additional 31,072 shares during the last quarter. Finally, Natixis Advisors LLC acquired a new position in Brandywine Realty Trust during the first quarter valued at approximately $331,000. 87.27% of the stock is owned by institutional investors and hedge funds.

Brandywine Realty Trust Company Profile

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.