Security Capital Research & Manag recently announced the acquisition of new stake in Brandywine Realty Trust (NYSE:BDN). The institutional investor has increased its shareholding in the Real Estate company by 3.53% to 10.26 million shares with purchase of 0.35 million shares. This fresh investment now brings its stake to 5.96% valued currently at $38.36 million. In addition, Charles Schwab Investment Managem raised its holdings by 0.39 million to 4.67 million shares. And Geode Capital Management LLC has lifted its position by 3.11% or 0.12 million shares – to 3.94 million shares.
With over 4.73 million Brandywine Realty Trust (BDN) shares trading Tuesday and a closing price of $4.72 on the day, the dollar volume was approximately $22.35 million. The shares have shown a positive half year performance of 10.54% and its price on 12/05/23 lost nearly -2.28%. Currently, there are 171.57M common shares owned by the public and among those 168.32M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 7 analysts who have offered their price forecasts for BDN have a consensus price objective of $4.88. The analysts have set the share’s price value over the next 12 months at a high of $7.00 and a low of $3.00. The average price target is 3.28% above its recent price level and a downside to the estimated low will see the stock lose -57.33% over that period. But an upside of 32.57% will see the stock hit the forecast high price target while median target price for the stock is $5.00.
Insiders at the company have transacted a total of 42 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 20 of these insider trades were purchases, accounting for 860,844 shares. Insider sales of the common stock occurred on 22 occasions, with total insider shares sold totaling 153,854 shares.
The top 3 mutual fund holders in Brandywine Realty Trust are iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market ETF. iShares Core S&P Small Cap ETF owns 11.58 million shares of the company’s stock, all valued at over $43.3 million. The company sold -0.1 million shares recently to bring their total holdings to about 6.73% of the shares outstanding. Vanguard Real Estate Index Fund sold 74162.0 shares to see its total holdings shrink to 7.08 million shares valued at over $26.48 million and representing 4.12% of the shares outstanding. Vanguard Total Stock Market ETF now owns shares totaling to 3.16% of the shares outstanding.
Shares of Brandywine Realty Trust (NYSE: BDN) opened at $4.79, down -$0.04 from a prior closing price of $4.83. However, the script later moved the day high at 4.8200, down -2.28%. The company’s stock has a 5-day price change of 9.01% and -6.53% over the past three months. BDN shares are trading -23.25% year to date (YTD), with the 12-month market performance down to -29.97% lower. It has a 12-month low price of $3.42 and touched a high of $7.25 over the same period. BDN has an average intraday trading volume of 2.04 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 13.03%, 14.91%, and 5.65% respectively.
Institutional ownership of Brandywine Realty Trust (NYSE: BDN) shares accounts for 94.41% of the company’s 171.57M shares outstanding. Mutual fund holders own 5.80%, while other institutional holders and individual stakeholders account for 54.39% and 40.24% respectively.
It has a market capitalization of $812.31M and a beta (3y monthly) value of 1.25. The earnings-per-share (ttm) stands at -$0.06. The company has a debt-to-equity ratio at 1.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.31% over the week and 4.58% over the month.
Analysts forecast that Brandywine Realty Trust (BDN) will achieve an EPS of -$0.07 for the current quarter, $0 for the next quarter and -$0.35 for 2024. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.07. Comparatively, EPS for the current quarter was $0.17 a year ago. Earnings per share for the fiscal year are expected to decrease by -116.46%, and -18.05% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to -13.78% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 7 brokerage firm advisors rate Brandywine Realty Trust (BDN) as a “Moderate Buy” at a consensus score of 2.86. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 3 of the 7 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the BDN, a number of firms have released research notes about the stock. KeyBanc Capital Markets stated their Overweight rating for the stock in a research note on September 12, 2023, with the firm’s price target at $6.
