Brandywine Realty Trust (NYSE:BDN) Short Interest Down 7.2% in September

Brandywine Realty Trust (NYSE:BDN) saw a large decline in short interest in September. As of September 30th, there was short interest totalling 11,790,000 shares, a decline of 7.2% from the September 15th total of 12,710,000 shares. Currently, 7.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,740,000 shares, the days-to-cover ratio is currently 6.8 days.

Brandywine Realty Trust Price Performance

BDN opened at $6.37 on Friday. The firm has a market capitalization of $1.10 billion, a P/E ratio of -5.22 and a beta of 1.33. The stock has a fifty day moving average of $5.35 and a 200-day moving average of $4.86. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.73. Brandywine Realty Trust has a 12-month low of $3.62 and a 12-month high of $6.41.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.05). The business had revenue of $125.30 million for the quarter, compared to analysts’ expectations of $119.47 million. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The company’s revenue was down .5% compared to the same quarter last year. During the same period last year, the firm earned $0.29 EPS. Equities analysts forecast that Brandywine Realty Trust will post 0.92 EPS for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 9.43%. Brandywine Realty Trust’s dividend payout ratio is presently -49.18%.

Institutional Investors Weigh In On Brandywine Realty Trust

A number of institutional investors have recently modified their holdings of the stock. Presima Securities ULC raised its holdings in shares of Brandywine Realty Trust by 1.1% during the third quarter. Presima Securities ULC now owns 245,167 shares of the real estate investment trust’s stock worth $1,334,000 after acquiring an additional 2,700 shares in the last quarter. Swedbank AB raised its stake in shares of Brandywine Realty Trust by 26.9% during the 3rd quarter. Swedbank AB now owns 128,131 shares of the real estate investment trust’s stock worth $697,000 after purchasing an additional 27,194 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new stake in shares of Brandywine Realty Trust in the 3rd quarter valued at approximately $113,000. CWM LLC raised its position in Brandywine Realty Trust by 10.8% during the third quarter. CWM LLC now owns 26,063 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 2,540 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Brandywine Realty Trust by 210.0% in the third quarter. SG Americas Securities LLC now owns 39,458 shares of the real estate investment trust’s stock valued at $215,000 after acquiring an additional 26,730 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BDN. StockNews.com upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th. Evercore ISI lifted their price target on Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th.

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 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 160 properties and 22.6 million square feet as of September 30, 2023 which excludes assets held for sale.