Brandywine Realty Trust (NYSE:BDN) has tumbled 2.59% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 5.97% in the last four weeks. The stocks have underperformed the S&P 500 by 1.42% during the past week but Brandywine Realty Trust (NYSE:BDN) it has outperformed the index in 4 weeks by 5%.
Brandywine Realty Trust (NYSE:BDN): The stock opened at $15.88 on Friday but the bulls could not build on the opening and the stock topped out at $15.92 for the day. The stock traded down to $15.70 during the day, due to lack of any buying support eventually closed down at $15.80 with a loss of -0.57% for the day. The stock had closed at $15.89 on the previous day. The total traded volume was 5,498,411 shares.
The company shares have rallied 13.67% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $16.45 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $15.55 and the 200 Day Moving Average price is recorded at $13.79.
On the companys insider trading activities, The director, of Brandywine Realty Trust, Nichols Anthony A Sr had unloaded 8,000 shares at $13.11 per share in a transaction on March 4, 2016. The total value of transaction was $104,880. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Evercore ISI Group, downgrades their rating on the shares of Brandywine Realty Trust (NYSE:BDN). Evercore ISI Group has a Hold rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on April 22, 2016. Currently the company Insiders own 1.98% of Brandywine Realty Trust shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -12.39%.
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Trust provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office, industrial, retail and mixed-use properties. The Trust owns its assets and conducts its operations through the Brandywine Operating Partnership, L.P. (Operating Partnership) and subsidiaries of the Operating Partnership. The Trust is the sole general partner of the Operating Partnership. The Trusts portfolio is managed through seven segments: Pennsylvania; Philadelphia Central Business District (CBD); Metropolitan Washington, D.C.; New Jersey/Delaware; Richmond, Virginia; Austin, Texas, and California. The Pennsylvania segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs. The Philadelphia CBD segment includes properties located in the City of Philadelphia in Pennsylvania.