Brandywine Realty Trust (NYSE: BDN) stock fell -0.79% on Monday to $6.25 against a previous-day closing price of $6.30. With 1.48 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.19 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $6.41 whereas the lowest price it dropped to was $6.20. The 52-week range on BDN shows that it touched its highest point at $14.55 and its lowest point at $5.94 during that stretch. It currently has a 1-year price target of $7.17. With its current market cap of 1.08 billion, BDN has annualized dividend of $0.76 while the current yield stands at 12.16%. Beta for the stock currently stands at 1.13.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of BDN was down-trending over the past week, with a drop of -4.58%, but this was up by 1.30% over a month. Three-month performance surged to 1.79% while six-month performance fell -33.65%. The stock lost -53.43% in the past year, while it has gained 1.63% so far this year. A look at the trailing 12-month EPS for BDN yields 0.16 with Next year EPS estimates of -0.17. For the next quarter, that number is -0.01. This implies an EPS growth rate of -96.10% for this year and -230.80% for next year. EPS is expected to grow by 5.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -18.10%.
Float and Shares Shorts:
At present, 171.57 million BDN shares are outstanding with a float of 168.69 million shares on hand for trading. On Dec 29, 2022, short shares totaled 8.24 million, which was 4.80% higher than short shares on Nov 29, 2022. In addition to Mr. Gerard H. Sweeney as the firm’s Pres, CEO & Trustee, Mr. Thomas E. Wirth CPA, CPA serves as its Exec. VP & CFO.
Through their ownership of 98.34% of BDN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.17% of BDN, in contrast to 5.44% held by mutual funds. Shares owned by individuals account for 36.96%. As the largest shareholder in BDN with 16.85% of the stake, The Vanguard Group, Inc. holds 28,915,414 shares worth 28,915,414. A second-largest stockholder of BDN, BlackRock Fund Advisors, holds 27,703,340 shares, controlling over 16.15% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in BDN, holding 13,454,897 shares or 7.84% stake. With a 7.39% stake in BDN, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 12,679,572 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.47% of BDN stock, is the second-largest Mutual Fund holder. It holds 7,660,215 shares valued at 47.11 million. Vanguard Total Stock Market Index holds 3.14% of the stake in BDN, owning 5,380,893 shares worth 33.09 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, BDN reported revenue of $124.04M and operating income of $22.11M. The EBITDA in the recently reported quarter was $61.53M and diluted EPS was $0.03.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for BDN since 7 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With BDN analysts setting a high price target of $10.00 and a low target of $5.00, the average target price over the next 12 months is $7.17. Based on these targets, BDN could surge 60.0% to reach the target high and fall by -20.0% to reach the target low. Reaching the average price target will result in a growth of 14.72% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. BDN will report FY 2022 earnings on 01/31/2024. Analysts have provided yearly estimates in a range of $0.13 being high and $0.13 being low. For BDN, this leads to a yearly average estimate of $0.13. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Brandywine Realty Trust surprised analysts by $0.46 when it reported $0.47 EPS against a consensus estimate of $0.01. The surprise factor in the prior quarter was $0.44. Based on analyst estimates, the high estimate for the next quarter is -$0.01 and the low estimate is -$0.01. The average estimate for the next quarter is thus -$0.01.
Summary of Insider Activity:
Insiders traded BDN stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 20 over the past year. The total number of shares bought during that period was 598,634 while 205,579 shares were sold.