Brandywine Realty Trust (NYSE:BDN) was the target of a large increase in short interest in July. As of July 31st, there was short interest totalling 3,365,600 shares, an increase of 58.7% from the June 30th total of 2,120,200 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average daily volume of 1,610,000 shares, the short-interest ratio is presently 2.1 days.
Shares of NYSE:BDN traded down $0.18 during midday trading on Monday, reaching $14.48. 1,519,700 shares of the company’s stock traded hands, compared to its average volume of 1,715,927. Brandywine Realty Trust has a 1 year low of $12.32 and a 1 year high of $17.00. The stock has a market cap of $2.55 billion, a P/E ratio of 10.57, a P/E/G ratio of 3.34 and a beta of 0.95. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.82 and a current ratio of 2.23. The company has a fifty day simple moving average of $14.58.
Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Monday, July 22nd. The real estate investment trust reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.32). Brandywine Realty Trust had a net margin of 15.89% and a return on equity of 5.02%. The business had revenue of $144.20 million for the quarter, compared to analysts’ expectations of $144.45 million. During the same quarter last year, the business earned $0.35 EPS. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast that Brandywine Realty Trust will post 1.42 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a dividend of $0.19 per share. The ex-dividend date was Wednesday, July 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 5.25%. Brandywine Realty Trust’s dividend payout ratio (DPR) is 55.47%.
BDN has been the topic of a number of recent analyst reports. Argus upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Monday, July 8th. Bank of America lowered Brandywine Realty Trust from a “neutral” rating to an “underperform” rating and decreased their target price for the company from $16.50 to $15.50 in a research report on Tuesday, June 11th. ValuEngine lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, June 28th. Finally, Zacks Investment Research lowered Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Brandywine Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $16.25.
In other Brandywine Realty Trust news, Director James C. Diggs sold 3,700 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $14.84, for a total value of $54,908.00. Following the sale, the director now owns 36,034 shares in the company, valued at approximately $534,744.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.32% of the company’s stock.
Several large investors have recently made changes to their positions in BDN. Riverhead Capital Management LLC purchased a new position in Brandywine Realty Trust in the 2nd quarter valued at $40,000. Oppenheimer Asset Management Inc. bought a new position in Brandywine Realty Trust in the 2nd quarter worth approximately $68,000. Parallel Advisors LLC raised its position in Brandywine Realty Trust by 27.3% in the 2nd quarter. Parallel Advisors LLC now owns 5,966 shares of the real estate investment trust’s stock worth $85,000 after purchasing an additional 1,280 shares during the last quarter. Advisor Group Inc. raised its position in Brandywine Realty Trust by 25.3% in the 2nd quarter. Advisor Group Inc. now owns 9,034 shares of the real estate investment trust’s stock worth $129,000 after purchasing an additional 1,822 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Brandywine Realty Trust by 95.9% in the 1st quarter. Quadrant Capital Group LLC now owns 8,688 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 4,254 shares during the last quarter. Hedge funds and other institutional investors own 93.20% of the company’s stock.
About Brandywine Realty Trust
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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