Brandywine Realty Trust (NYSE: BDN) stock fell -2.87% on Wednesday to $3.72 against a previous-day closing price of $3.83. With 2.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.21 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $3.8500 whereas the lowest price it dropped to was $3.6600. The 52-week range on BDN shows that it touched its highest point at $11.27 and its lowest point at $3.42 during that stretch. It currently has a 1-year price target of $4.95. With its current market cap of 639.54 million, BDN has annualized dividend of $0.76 while the current yield stands at 20.43%. Beta for the stock currently stands at 1.11.
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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 up-trending over the past week, with a rise of 2.20%, but this was down by -3.12% over a month. Three-month performance dropped to -40.19% while six-month performance fell -42.33%. The stock lost -65.56% in the past year, while it has lost -39.51% so far this year. A look at the trailing 12-month EPS for BDN yields 0.24 with Next year EPS estimates of -0.13. For the next quarter, that number is -0.06. This implies an EPS growth rate of 349.50% for this year and 27.80% 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 -13.70%.
Float and Shares Shorts:
At present, 171.67 million BDN shares are outstanding with a float of 168.69 million shares on hand for trading. On Apr 27, 2023, short shares totaled 14.5 million, which was 8.44% higher than short shares on Mar 30, 2023. 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 94.49% of BDN’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 54.60% of BDN, in contrast to 5.73% held by mutual funds. Shares owned by individuals account for 41.01%. As the largest shareholder in BDN with 17.35% of the stake, The Vanguard Group, Inc. holds 29,793,253 shares worth 29,793,253. A second-largest stockholder of BDN, BlackRock Fund Advisors, holds 28,625,731 shares, controlling over 16.67% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in BDN, holding 11,352,655 shares or 6.61% stake. With a 7.28% stake in BDN, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 12,505,353 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.39% of BDN stock, is the second-largest Mutual Fund holder. It holds 7,544,281 shares valued at 29.65 million. Vanguard Total Stock Market ETF holds 3.17% of the stake in BDN, owning 5,442,024 shares worth 21.39 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 Mar 30, 2023, 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 0 analysts follow the stock currently. 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 $8.00 and a low target of $2.75, the average target price over the next 12 months is $5.29. Based on these targets, BDN could surge 115.05% to reach the target high and fall by -26.08% to reach the target low. Reaching the average price target will result in a growth of 42.2% 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.
Summary of Insider Activity:
Insiders traded BDN stock several times over the past three months with 0 Buys and 7 Sells. In these transactions, 0 shares were bought while 50,920 shares were sold. The number of buy transactions has increased to 13 while that of sell transactions has risen to 22 over the past year. The total number of shares bought during that period was 642,689 while 153,772 shares were sold.