Brandywine Realty Trust (NYSE:BDN) Short Interest Update

Brandywine Realty Trust (NYSE:BDN) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 8,530,000 shares, a decrease of 23.8% from the September 15th total of 11,200,000 shares. Currently, 4.9% of the company’s stock are sold short. Based on an average trading volume of 1,880,000 shares, the days-to-cover ratio is currently 4.5 days.

BDN has been the topic of a number of recent research reports. Mizuho cut their price objective on Brandywine Realty Trust from $16.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, July 20th. Argus lowered Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Monday, October 12th. ValuEngine lowered Brandywine Realty Trust from a “sell” rating to a “strong sell” rating in a report on Monday, August 3rd. Finally, Zacks Investment Research raised Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company’s stock. Brandywine Realty Trust has a consensus rating of “Hold” and an average target price of $12.25.

Several hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC grew its holdings in shares of Brandywine Realty Trust by 4.1% during the second quarter. Janney Montgomery Scott LLC now owns 31,216 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 1,241 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Brandywine Realty Trust by 5.9% during the second quarter. Bessemer Group Inc. now owns 23,635 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 1,310 shares during the period. Eii Capital Management Inc. boosted its stake in shares of Brandywine Realty Trust by 2.3% during the second quarter. Eii Capital Management Inc. now owns 62,560 shares of the real estate investment trust’s stock worth $681,000 after buying an additional 1,388 shares during the period. Private Advisor Group LLC acquired a new stake in shares of Brandywine Realty Trust during the second quarter worth about $27,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Brandywine Realty Trust by 6.5% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 49,246 shares of the real estate investment trust’s stock worth $536,000 after buying an additional 3,006 shares during the period.

Shares of BDN stock traded down $0.06 during mid-day trading on Friday, hitting $10.21. 2,139,413 shares of the stock were exchanged, compared to its average volume of 2,383,246. The stock’s fifty day simple moving average is $10.66 and its two-hundred day simple moving average is $10.53. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 53.74 and a beta of 1.03. Brandywine Realty Trust has a 12-month low of $7.48 and a 12-month high of $16.25. The company has a debt-to-equity ratio of 1.26, a quick ratio of 2.12 and a current ratio of 2.12.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $136.84 million for the quarter, compared to analyst estimates of $140.84 million. Brandywine Realty Trust had a return on equity of 2.16% and a net margin of 6.18%. On average, 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 will be paid on Wednesday, October 21st. Shareholders of record on Wednesday, October 7th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 7.44%. The ex-dividend date of this dividend is Tuesday, October 6th. Brandywine Realty Trust’s payout ratio is 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, Austin and Washington, DC Markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 172 properties and 24.1 million square feet as of June 30, 2020.

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