Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Brandywine Realty’s Howard Sipzner Takes Another Sip of Stock

Brandywine Realty, Howard SipznerHoward Sipzner, Executive Vice President and CFO at Brandywine Realty Trust (NYSE:BDN), acquired 6,500 company shares last Friday, Oct. 4th. He paid $11.89, totaling $77,285. Following the transaction, Sipzner now owns 420,100 shares*, valued at $5,427,692. In order to make the purchase below the trading price, he disposed of 6,500 employee stock options (right to buy) with a conversion price of $11.89. In addition, he holds another 33,373 stock options, already exercisable, to expire on February 2021.

Brandywine Realty Trust (NYSE:BDN)

The purchase follows an announcement, made on Oct. 1st, about the company going ex-dividend. The dividend yield will stand at 4.65% of the current stock price. After the disclosure of the acquisition, the stock price started to surge slowly.

Sipzner is not the only one feeling bullish about Brandywine. Several huge hedge funds have also invested in the company. David Dreman’s Dreman Value Management holds a stake of more than $30 million in the firm. Cliff Asness’ AQE Capital Management holds an extra $4.5 million (approx.).

* The “filing also reports in the ending balance of shares owned the sum of 1,081.31 additional common shares acquired under the Company’s Employee Share Purchase Plan (ESPP). The ESPP shares were purchased following the Reporting Person’s last Section 16 filing. Under the ESPP 1,081.31 shares were acquired on September 9, 2013 at a transaction price of $11.56 per share.” (SEC)

Disclosure: Javier Hasse holds no position in any stocks mentioned

Recommended Reading:

This VP Loves Investors Real Estate Trust

Oiltanking Partners Insider is Buying at $55 a Share

TriQuint Semiconductor Insiders Are Making Moves