Brandywine Realty Trust (BDN) has been under a strong bear grip, hence the stock is down -2.41% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.47% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.09% in the last 1 week, and is up 4.18% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Brandywine Realty Trust (NYSE:BDN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.46 and $16.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.68, notching a gain of 1.15% for the day. The total traded volume was 1,692,989 . The stock had closed at $16.49 on the previous day.
The stock has recorded a 20-day Moving Average of 1.47% and the 50-Day Moving Average is 5.04%. Brandywine Realty Trust is up 14.33% in the last 3-month period. Year-to-Date the stock performance stands at 25.99%.
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.