Insider Selling: Brandywine Realty Trust (BDN) Director Sells 3,700 Shares of Stock

Brandywine Realty Trust (NYSE:BDN) Director James C. Diggs sold 3,700 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $14.84, for a total transaction of $54,908.00. Following the completion of the transaction, the director now owns 36,034 shares in the company, valued at $534,744.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of BDN stock traded up $0.17 during trading hours on Tuesday, hitting $14.86. 907,527 shares of the company were exchanged, compared to its average volume of 1,814,990. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 1.19. Brandywine Realty Trust has a 52 week low of $12.32 and a 52 week high of $17.23. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of 10.84, a P/E/G ratio of 3.98 and a beta of 1.12.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.31). Brandywine Realty Trust had a return on equity of 5.30% and a net margin of 17.40%. The company had revenue of $144.00 million for the quarter, compared to the consensus estimate of $140.73 million. During the same period in the prior year, the company earned $0.32 EPS. The firm’s revenue was up 5.6% on a year-over-year basis. On average, equities analysts expect that Brandywine Realty Trust will post 1.42 EPS for the current year.



Several hedge funds have recently modified their holdings of BDN. State of Alaska Department of Revenue lifted its holdings in Brandywine Realty Trust by 0.9% during the first quarter. State of Alaska Department of Revenue now owns 76,923 shares of the real estate investment trust’s stock valued at $1,218,000 after purchasing an additional 665 shares during the last quarter. River Wealth Advisors LLC raised its stake in Brandywine Realty Trust by 1.1% in the first quarter. River Wealth Advisors LLC now owns 77,679 shares of the real estate investment trust’s stock valued at $1,232,000 after purchasing an additional 853 shares in the last quarter. Utah Retirement Systems raised its stake in Brandywine Realty Trust by 1.8% in the first quarter. Utah Retirement Systems now owns 51,567 shares of the real estate investment trust’s stock valued at $818,000 after purchasing an additional 900 shares in the last quarter. First Bank & Trust grew its position in Brandywine Realty Trust by 13.7% during the fourth quarter. First Bank & Trust now owns 8,441 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,019 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Brandywine Realty Trust by 5.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 27,500 shares of the real estate investment trust’s stock valued at $354,000 after acquiring an additional 1,300 shares during the last quarter. 95.52% of the stock is owned by institutional investors.

Several equities analysts recently weighed in on BDN shares. Barclays upgraded shares of Brandywine Realty Trust from an “equal weight” rating to an “overweight” rating and set a $17.00 price objective on the stock in a report on Monday, February 4th. Bank of America lowered shares of Brandywine Realty Trust from a “buy” rating to a “neutral” rating and cut their price objective for the company from $17.00 to $16.50 in a report on Monday, February 25th. Finally, Zacks Investment Research lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, February 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.38.

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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, Washington, DC, 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 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.

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Insider Buying and Selling by Quarter for Brandywine Realty Trust (NYSE:BDN)

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