The Vanguard Group, Inc. 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 3.10% to 29.81 million shares with purchase of 0.9 million shares. This fresh investment now brings its stake to 17.36% valued currently at $117.16 million. In addition, SSgA Funds Management, Inc. raised its holdings by 0.21 million to 13.67 million shares. And Millennium Management LLC has lifted its position by 22.86% or 1.04 million shares – to 5.6 million shares.
With over 2.81 million Brandywine Realty Trust (BDN) shares trading Friday and a closing price of $3.65 on the day, the dollar volume was approximately $10.27 million. Currently, there are 171.67M common shares owned by the public and among those 168.69M 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 $5.29. The analysts have set the share’s price value over the next 12 months at a high of $8.00 and a low of $2.75. The average price target is 26.26% above its recent price level and a downside to the estimated low will see the stock lose -32.73% over that period. But an upside of 54.37% will see the stock hit the forecast high price target while median target price for the stock is $5.50.
Insiders at the company have transacted a total of 35 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 13 of these insider trades were purchases, accounting for 642,689 shares. Insider sales of the common stock occurred on 22 occasions, with total insider shares sold totaling 153,772 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 12.51 million shares of the company’s stock, all valued at over $49.15 million. Vanguard Real Estate Index Fund sold 97632.0 shares to see its total holdings shrink to 7.56 million shares valued at over $29.69 million and representing 4.40% of the shares outstanding. Vanguard Total Stock Market ETF bought 21429.0 shares to bring its total holdings to over 5.44 million shares at a value of $21.36 million. Vanguard Total Stock Market ETF now owns shares totaling to 3.17% of the shares outstanding.
Shares of Brandywine Realty Trust (NYSE: BDN) opened at $3.71, up $0.06 from a prior closing price of $3.65. The company’s stock has a 5-day price change of 0.83% and -43.76% over the past three months. BDN shares are trading -40.65% year to date (YTD), with the 12-month market performance down to -66.79% lower. It has a 12-month low price of $3.42 and touched a high of $11.27 over the same period. BDN has an average intraday trading volume of 3.14 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 -2.85%, -13.15%, and -41.20% respectively.
Institutional ownership of Brandywine Realty Trust (NYSE: BDN) shares accounts for 99.70% of the company’s 171.67M shares outstanding. Mutual fund holders own 5.73%, while other institutional holders and individual stakeholders account for 54.73% and 40.67% respectively.
It has a market capitalization of $627.51M and a beta (3y monthly) value of 1.11. The stock’s trailing 12-month PE ratio is 14.90, while the earnings-per-share (ttm) stands at $0.24. The company has a PEG of 2.98 and the debt-to-equity ratio at 1.35. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.28% over the week and 4.86% over the month.
Analysts forecast that Brandywine Realty Trust (BDN) will achieve an EPS of $Vanguard Total Bond Market ETF for the current quarter, $72.67 for the next quarter and $ETF for Type. The lowest estimate earnings-per-share for the quarter is $Brandywine Realty Trust while analysts give the company a high EPS estimate of $Franklin Resources, Inc. Comparatively, EPS for the current quarter was $Becton, Dickinson and Company a year ago. Earnings per share for the fiscal year are expected to increase by 349.50%, and 27.80% over the next financial year. EPS should grow at an annualized rate of 5.00% over the next five years, compared to -13.70% 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 “Hold” at a consensus score of 3.30. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 4 of the 7 advise that investors “hold,” and 1 rated it as a “Sell.”
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