Short Interest in Brandywine Realty Trust (BDN) Drops By 46.6%

Brandywine Realty Trust (NYSE:BDN) was the target of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 2,655,605 shares, a drop of 46.6% from the September 28th total of 4,973,855 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 1,446,052 shares, the days-to-cover ratio is presently 1.8 days.

Several equities analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating on the stock in a research report on Tuesday. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Raymond James cut their price objective on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research report on Tuesday, October 23rd. Barclays reaffirmed a “hold” rating and set a $16.00 price objective on shares of Brandywine Realty Trust in a research report on Sunday, October 14th. Finally, ValuEngine lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. Brandywine Realty Trust presently has an average rating of “Hold” and a consensus target price of $17.14.

In related news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $16.67, for a total transaction of $83,350.00. Following the transaction, the director now owns 61,193 shares of the company’s stock, valued at $1,020,087.31. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP William D. Redd sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $16.45, for a total transaction of $493,500.00. Following the transaction, the executive vice president now directly owns 64,643 shares in the company, valued at approximately $1,063,377.35. The disclosure for this sale can be found here. Company insiders own 1.84% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board bought a new position in shares of Brandywine Realty Trust in the second quarter valued at approximately $6,668,000. First Bank & Trust raised its position in shares of Brandywine Realty Trust by 136.5% in the second quarter. First Bank & Trust now owns 8,577 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 4,950 shares during the period. NumerixS Investment Technologies Inc raised its position in shares of Brandywine Realty Trust by 350.0% in the second quarter. NumerixS Investment Technologies Inc now owns 10,800 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 8,400 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Brandywine Realty Trust by 8.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 2,217,480 shares of the real estate investment trust’s stock valued at $37,432,000 after purchasing an additional 167,636 shares during the period. Finally, Citadel Advisors LLC raised its position in shares of Brandywine Realty Trust by 27.2% in the second quarter. Citadel Advisors LLC now owns 2,173,494 shares of the real estate investment trust’s stock valued at $36,689,000 after purchasing an additional 464,355 shares during the period.

Shares of BDN opened at $14.21 on Friday. Brandywine Realty Trust has a twelve month low of $13.92 and a twelve month high of $18.69. The company has a market cap of $2.54 billion, a P/E ratio of 10.85, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.24 and a current ratio of 2.24.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.27). Brandywine Realty Trust had a net margin of 16.26% and a return on equity of 4.98%. The firm had revenue of $135.00 million during the quarter, compared to the consensus estimate of $136.73 million. During the same period in the prior year, the business earned $0.35 EPS. The company’s revenue for the quarter was up 5.1% compared to the same quarter last year. Analysts predict that Brandywine Realty Trust will post 1.37 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 18th. Stockholders of record on Thursday, October 4th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend was Wednesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio is 54.96%.

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 184 properties and 25.3 million square feet as of June 30, 2018, which excludes assets held for sale.

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