Short Interest in Brandywine Realty Trust (NYSE:BDN) Decreases By 10.6%

Brandywine Realty Trust (NYSE:BDN) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 9,810,000 shares, a decline of 10.6% from the October 15th total of 10,970,000 shares. Based on an average daily volume of 2,020,000 shares, the days-to-cover ratio is presently 4.9 days. Approximately 5.9% of the company’s stock are sold short.

Brandywine Realty Trust Price Performance

Shares of NYSE BDN remained flat at $5.20 during trading hours on Monday. 1,595,500 shares of the company traded hands, compared to its average volume of 1,885,718. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.74 and a current ratio of 1.74. The firm has a market capitalization of $897.88 million, a P/E ratio of -2.89 and a beta of 1.33. The firm’s 50 day simple moving average is $5.49 and its two-hundred day simple moving average is $5.02. Brandywine Realty Trust has a 1 year low of $3.85 and a 1 year high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.20). The firm had revenue of $117.96 million for the quarter, compared to the consensus estimate of $120.00 million. Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. The company’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.29 EPS. As a group, equities analysts anticipate that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 11.54%. The ex-dividend date was Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio is presently -33.33%.

Institutional Trading of Brandywine Realty Trust

Several large investors have recently bought and sold shares of BDN. Point72 Asset Management L.P. boosted its holdings in shares of Brandywine Realty Trust by 7,435.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock valued at $9,351,000 after acquiring an additional 2,059,542 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Brandywine Realty Trust by 2.4% during the first quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock worth $135,747,000 after buying an additional 651,299 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Brandywine Realty Trust during the third quarter worth $2,546,000. Brookfield Corp ON acquired a new position in Brandywine Realty Trust during the third quarter worth $2,314,000. Finally, Segall Bryant & Hamill LLC acquired a new position in Brandywine Realty Trust during the third quarter worth $1,937,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Analyst Ratings Changes

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

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.