Today it was reported that the President & CEO of Brandywine Realty (BDN), Gerard Sweeney, exercised options to sell 190,000 BDN shares at $2.91 a share, for a total transaction value of $3M. The options were close to expired and Gerard Sweeney disposed stocks.
This is Sweeney’s first Sell trade following 21 Buy transactions. In addition to Gerard Sweeney, 5 other BDN executives reported Sell trades in the last month.
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Based on Brandywine Realty’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $272 million and quarterly net profit of $122 million. In comparison, last year the company earned revenue of $185 million and had a net profit of $73.14 million. BDN’s market cap is $2.8B and the company has a P/E ratio of 20.80. Currently, Brandywine Realty has an average volume of 734.2K.
Based on 3 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $19.00, reflecting a 19.0% upside.
In the last 30 days, insiders have sold $3M worth of BDN shares and purchased $1.26M worth of BDN shares. The insider sentiment on Brandywine Realty has been positive according to 39 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
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Brandywine Realty Trust is a real estate investment trust, which engages in owning, leasing, and managing an urban, town center, and suburban office portfolio. Its services include asset management, development and construction, investment, marketing & leasing, property management and tenant.
