Brandywine Realty Trust (NYSE:BDN) Sees Large Increase in Short Interest
Brandywine Realty Trust (NYSE:BDN) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 4,050,000 shares, a growth of 20.9% from the August 30th total of 3,350,000 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average daily volume of 1,250,000 shares, the short-interest ratio is presently 3.2 days.
Brandywine Realty Trust stock traded up $0.11 during trading on Friday, reaching $14.48. The company had a trading volume of 6,300,995 shares, compared to its average volume of 1,097,138. Brandywine Realty Trust has a 12-month low of $12.32 and a 12-month high of $16.18. The stock’s 50 day moving average price is $14.66 and its two-hundred day moving average price is $14.95. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 10.57, a PEG ratio of 2.60 and a beta of 0.93. The company has a debt-to-equity ratio of 1.23, a quick ratio of 2.23 and a current ratio of 2.23.
Brandywine Realty Trust (NYSE:BDN) last released 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 company had revenue of $144.20 million during the quarter, compared to analysts’ expectations of $144.45 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. Brandywine Realty Trust’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, research analysts expect that Brandywine Realty Trust will post 1.42 earnings per share for the current year.
A number of brokerages have issued reports on BDN. Argus upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Monday, July 8th. Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, September 24th. Finally, ValuEngine downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Brandywine Realty Trust currently has a consensus rating of “Hold” and an average target price of $16.25.
In related news, Director Anthony A. Sr Nichols, Sr. sold 6,800 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $14.54, for a total value of $98,872.00. Following the completion of the sale, the director now owns 67,522 shares in the company, valued at $981,769.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.32% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. grew its stake in Brandywine Realty Trust by 1,406.3% during the second quarter. Invesco Ltd. now owns 1,804,645 shares of the real estate investment trust’s stock worth $25,842,000 after buying an additional 1,684,838 shares during the period. LSV Asset Management purchased a new stake in Brandywine Realty Trust during the second quarter worth approximately $21,434,000. Nuveen Asset Management LLC grew its stake in Brandywine Realty Trust by 47.9% during the second quarter. Nuveen Asset Management LLC now owns 4,368,933 shares of the real estate investment trust’s stock worth $62,563,000 after buying an additional 1,415,051 shares during the period. Centersquare Investment Management LLC grew its stake in Brandywine Realty Trust by 32.5% during the second quarter. Centersquare Investment Management LLC now owns 3,782,865 shares of the real estate investment trust’s stock worth $54,170,000 after buying an additional 926,847 shares during the period. Finally, Clearbridge Investments LLC purchased a new stake in Brandywine Realty Trust during the first quarter worth approximately $14,118,000. Hedge funds and other institutional investors own 97.77% of the company’s stock.
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 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.
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