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

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Brandywine Realty Trust (NYSE:BDN) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 9,810,000 shares, an increase of 61.9% from the June 30th total of 6,060,000 shares. Approximately 5.7% of the company’s shares are sold short. Based on an average daily trading volume, of 3,340,000 shares, the short-interest ratio is presently 2.9 days.

Several analysts have issued reports on BDN shares. JPMorgan Chase & Co. cut their price objective on Brandywine Realty Trust from $14.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, June 18th. Citigroup downgraded Brandywine Realty Trust from a “neutral” rating to a “sell” rating in a report on Tuesday, April 7th. Zacks Investment Research downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 8th. Stifel Nicolaus dropped their target price on Brandywine Realty Trust from $11.00 to $10.00 and set a “hold” rating on the stock in a report on Friday, April 24th. Finally, Mizuho dropped their target price on Brandywine Realty Trust from $16.00 to $11.00 and set a “neutral” rating on the stock in a report on Monday, July 20th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Brandywine Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $13.58.

A number of large investors have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in Brandywine Realty Trust by 56.0% in the first quarter. Principal Financial Group Inc. now owns 8,548,859 shares of the real estate investment trust’s stock worth $89,933,000 after buying an additional 3,067,868 shares during the last quarter. State Street Corp increased its holdings in Brandywine Realty Trust by 21.4% in the first quarter. State Street Corp now owns 7,789,614 shares of the real estate investment trust’s stock worth $81,947,000 after buying an additional 1,374,228 shares during the last quarter. Macquarie Group Ltd. increased its holdings in Brandywine Realty Trust by 21.6% in the fourth quarter. Macquarie Group Ltd. now owns 7,234,594 shares of the real estate investment trust’s stock worth $113,945,000 after buying an additional 1,283,100 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Brandywine Realty Trust by 6.3% in the first quarter. JPMorgan Chase & Co. now owns 3,264,766 shares of the real estate investment trust’s stock worth $34,344,000 after buying an additional 194,712 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its holdings in Brandywine Realty Trust by 1.6% in the first quarter. Nuveen Asset Management LLC now owns 3,171,822 shares of the real estate investment trust’s stock worth $33,367,000 after buying an additional 50,159 shares during the last quarter. Hedge funds and other institutional investors own 97.45% of the company’s stock.

Shares of BDN opened at $10.83 on Friday. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 7.57 and a beta of 1.07. Brandywine Realty Trust has a fifty-two week low of $7.48 and a fifty-two week high of $16.25. The company has a debt-to-equity ratio of 1.28, a current ratio of 2.12 and a quick ratio of 2.23. The business’s 50-day moving average is $10.69 and its 200-day moving average is $11.85.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.02 EPS for the quarter, hitting analysts’ consensus estimates of $0.02. Brandywine Realty Trust had a return on equity of 2.16% and a net margin of 6.18%. The firm had revenue of $136.84 million for the quarter, compared to the consensus estimate of $140.84 million. Equities research analysts expect that Brandywine Realty Trust will post 1.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 22nd. Investors of record on Wednesday, July 8th were issued a $0.19 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $0.76 dividend on an annualized basis and a yield of 7.02%. Brandywine Realty Trust’s dividend payout ratio is currently 53.15%.

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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