Brandywine Realty Trust (NYSE:BDN) Sees Large Drop in Short Interest

Brandywine Realty Trust (NYSE:BDN) was the recipient of a large decline in short interest in the month of 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 short-interest ratio is presently 4.9 days. Currently, 5.9% of the shares of the company are short sold.

Hedge Funds Weigh In On Brandywine Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the stock. ProShare Advisors LLC raised its position in Brandywine Realty Trust by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 34,360 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 2,360 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in shares of Brandywine Realty Trust by 6.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 42,613 shares of the real estate investment trust’s stock valued at $191,000 after purchasing an additional 2,404 shares during the last quarter. CWM LLC increased 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 worth $142,000 after buying an additional 2,540 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in Brandywine Realty Trust by 7.2% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 38,358 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 2,585 shares in the last quarter. Finally, Presima Securities ULC boosted its position in 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 during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Brandywine Realty Trust Price Performance

Shares of Brandywine Realty Trust stock traded up $0.14 during trading on Tuesday, reaching $5.34. 1,137,235 shares of the stock traded hands, compared to its average volume of 1,882,381. The company has a market capitalization of $922.06 million, a price-to-earnings ratio of -2.89 and a beta of 1.33. The business has a fifty day simple moving average of $5.49 and a two-hundred day simple moving average of $5.02. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74. Brandywine Realty Trust has a 52-week low of $3.85 and a 52-week 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) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. The business had revenue of $117.96 million during the quarter, compared to analyst estimates of $120.00 million. During the same period in the previous year, the business earned $0.29 EPS. The firm’s revenue for the quarter was down 3.0% compared to the same quarter last year. Sell-side analysts expect that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.24%. The ex-dividend date of this dividend was Wednesday, October 9th. Brandywine Realty Trust’s payout ratio is -33.33%.

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.