Brandywine Realty Trust (NYSE:BDN) Stock Breaks Above 200-Day Moving Average - Time to Sell?

Key Points

• Brandywine Realty Trust shares rose above their 200-day moving average, reaching $3.04 and last trading near $3.03 on elevated volume.
• Analyst sentiment remains cautious: ratings include three Holds and three Sells, producing a consensus “Reduce” rating and a $3.50 target price.
• The REIT offers a high 10.6% dividend yield, while CEO Gerard Sweeney purchased 33,900 shares; institutional investors own 87.27% of the stock.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $3.00 and traded as high as $3.04. Brandywine Realty Trust shares last traded at $3.0250, with a volume of 2,527,539 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research report on Sunday, July 26th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Brandywine Realty Trust in a report on Tuesday, October 13th. Three analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Brandywine Realty Trust has an average rating of "Reduce" and a consensus target price of $3.50.

Brandywine Realty Trust Price Performance

The firm has a market cap of $528.10 million, a P/E ratio of -3.78 and a beta of 1.32. The company has a debt-to-equity ratio of 3.70, a current ratio of 3.48 and a quick ratio of 1.67. The stock's 50-day simple moving average is $2.90 and its two-hundred day simple moving average is $3.00.

Brandywine Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Thursday, October 8th were issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 10.6%. The ex-dividend date was Thursday, October 8th. Brandywine Realty Trust's dividend payout ratio is presently -40.00%.

Insiders Place Their Bets

In other news, CEO Gerard Sweeney acquired 33,900 shares of the firm's stock in a transaction on Monday, September 14th. The stock was acquired at an average price of $2.96 per share, with a total value of $100,344.00. Following the completion of the purchase, the chief executive officer directly owned 4,207,691 shares in the company, valued at approximately $12,454,765.36. This trade represents a 0.81% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BDN. Congress Asset Management Co. raised its holdings in shares of Brandywine Realty Trust by 20.9% in the third quarter. Congress Asset Management Co. now owns 1,212,611 shares of the real estate investment trust's stock worth $3,395,000 after buying an additional 209,943 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Brandywine Realty Trust by 68.1% during the 1st quarter. Hsbc Holdings PLC now owns 778,782 shares of the real estate investment trust's stock worth $2,087,000 after acquiring an additional 315,512 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Brandywine Realty Trust during the 1st quarter valued at $1,861,000. Verus Financial Partners Inc. boosted its holdings in Brandywine Realty Trust by 39.5% during the 3rd quarter. Verus Financial Partners Inc. now owns 379,918 shares of the real estate investment trust's stock valued at $1,064,000 after acquiring an additional 107,501 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new position in Brandywine Realty Trust during the 2nd quarter valued at $648,000. Institutional investors own 87.27% of the company's stock.

About Brandywine Realty Trust

Brandywine Realty Trust is a self-managed and self-administered real estate investment trust that owns, develops, leases and manages office, mixed-use and life science properties. Its portfolio includes high-quality commercial buildings, retail components and multifamily or residential elements within larger urban developments.

The company's operations are concentrated in the Philadelphia region, including Center City Philadelphia, University City and surrounding suburban communities. Brandywine's notable developments include Cira Centre, FMC Tower at Cira Centre South and the Schuylkill Yards innovation district.

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