Brandywine Realty Trust (NYSE:BDN) Sees Large Increase in Short Interest

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Brandywine Realty Trust (NYSE:BDN) saw a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 4,050,000 shares, a growth of 20.9% from the August 30th total of 3,350,000 shares. Approximately 2.3% of the shares of the company are short sold. Based on an average daily volume of 1,250,000 shares, the short-interest ratio is presently 3.2 days.

In other Brandywine Realty Trust news, Director Anthony A. Sr Nichols, Sr. sold 6,800 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $14.54, for a total transaction of $98,872.00. Following the sale, the director now directly owns 67,522 shares of the company’s stock, valued at $981,769.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.32% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Riverhead Capital Management LLC bought a new position in shares of Brandywine Realty Trust during the second quarter worth about $40,000. Point72 Asset Management L.P. bought a new position in Brandywine Realty Trust in the 2nd quarter valued at about $53,000. Oppenheimer Asset Management Inc. bought a new position in Brandywine Realty Trust in the 2nd quarter valued at about $68,000. NewSquare Capital LLC grew its position in Brandywine Realty Trust by 95.9% in the 2nd quarter. NewSquare Capital LLC now owns 4,911 shares of the real estate investment trust’s stock valued at $70,000 after buying an additional 2,404 shares in the last quarter. Finally, Tyers Asset Management LLC grew its position in Brandywine Realty Trust by 58.9% in the 2nd quarter. Tyers Asset Management LLC now owns 5,008 shares of the real estate investment trust’s stock valued at $72,000 after buying an additional 1,856 shares in the last quarter. Institutional investors and hedge funds own 97.77% of the company’s stock.

Shares of Brandywine Realty Trust stock traded up $0.11 during trading on Friday, hitting $14.48. 6,300,995 shares of the stock were exchanged, compared to its average volume of 1,097,138. The stock’s fifty day moving average is $14.66 and its 200 day moving average is $14.95. The stock has a market cap of $2.53 billion, a PE ratio of 10.57, a P/E/G ratio of 2.60 and a beta of 0.93. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.23 and a current ratio of 2.23. Brandywine Realty Trust has a 12 month low of $12.32 and a 12 month high of $16.18.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.32). The firm had revenue of $144.20 million for the quarter, compared to the consensus estimate of $144.45 million. Brandywine Realty Trust had a return on equity of 5.02% and a net margin of 15.89%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 EPS. Sell-side analysts anticipate that Brandywine Realty Trust will post 1.42 EPS for the current fiscal year.

The company also recently declared a — dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, October 3rd will be given a dividend of $0.19 per share. The ex-dividend date is Wednesday, October 2nd. This represents a dividend yield of 5.1%. Brandywine Realty Trust’s dividend payout ratio is currently 55.47%.

A number of analysts have weighed in on BDN shares. Argus raised shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Monday, July 8th. Zacks Investment Research cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, September 24th. Finally, ValuEngine cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Brandywine Realty Trust currently has a consensus rating of “Hold” and an average target price of $16.25.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, DC, and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.

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