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Is Brandywine Realty Trust (BDN) A Good Stock To Buy?

We already know that not all hedge funds are bullish on the stock and some hedge funds actually said goodbye to their positions entirely. It’s worth mentioning that Jacob Gottlieb’s Visium Asset Management said goodbye to the largest position of the 700 funds tracked by Insider Monkey, totaling about $1.7 million in stock. Ken Griffin’s fund, Citadel Investment Group, also sold off its call options, about $0.2 million worth.

Let’s now take a look at hedge fund activity in other stocks similar to Brandywine Realty Trust (NYSE:BDN). We will take a look at MGIC Investment Corp. (NYSE:MTG), Sinclair Broadcast Group, Inc. (NASDAQ:SBGI), Joy Global Inc. (NYSE:JOY), and Superior Energy Services, Inc. (NYSE:SPN). This group of stocks’ market caps are similar to BDN’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MTG 36 545424 -10
SBGI 32 346772 -1
JOY 21 337414 -1
SPN 25 235093 -2

As you can see these stocks had an average of 29 hedge funds with bullish positions and the average amount invested in these stocks was $366 million. That figure was $43 million in BDN’s case. MGIC Investment Corp. (NYSE:MTG) is the most popular stock in this table. On the other hand Joy Global Inc. (NYSE:JOY) is the least popular one with only 21 bullish hedge fund positions. Compared to these stocks Brandywine Realty Trust (NYSE:BDN) is even less popular than JOY. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted.

Disclosure: None

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