Brandywine Realty Trust (NYSE:BDN) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 2,609,300 shares, an increase of 42.5% from the April 30th total of 1,830,700 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily trading volume, of 1,680,000 shares, the short-interest ratio is currently 1.6 days.
Shares of NYSE:BDN traded up $0.26 during mid-day trading on Monday, hitting $15.48. 38,086 shares of the company traded hands, compared to its average volume of 1,765,295. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 11.20, a P/E/G ratio of 4.07 and a beta of 1.05. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.82 and a current ratio of 1.82. Brandywine Realty Trust has a 52-week low of $12.32 and a 52-week high of $17.23. The stock’s 50 day moving average price is $15.15.
Brandywine Realty Trust (NYSE:BDN) last announced its earnings results on Wednesday, April 24th. The real estate investment trust reported $0.02 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.31). The company had revenue of $144.00 million for the quarter, compared to analysts’ expectations of $140.73 million. Brandywine Realty Trust had a net margin of 17.40% and a return on equity of 5.30%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. On average, equities analysts expect that Brandywine Realty Trust will post 1.42 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.76 annualized dividend and a dividend yield of 4.91%. Brandywine Realty Trust’s payout ratio is currently 55.47%.
Several equities analysts have recently weighed in on the company. Bank of America lowered Brandywine Realty Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $17.00 to $16.50 in a research note on Monday, February 25th. Zacks Investment Research lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Brandywine Realty Trust has a consensus rating of “Hold” and an average price target of $16.30.
In other Brandywine Realty Trust news, Director James C. Diggs sold 3,700 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $14.84, for a total value of $54,908.00. Following the sale, the director now directly owns 36,034 shares of the company’s stock, valued at approximately $534,744.56. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tom Wirth sold 9,700 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $15.30, for a total value of $148,410.00. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in BDN. PGGM Investments raised its holdings in shares of Brandywine Realty Trust by 153.9% during the 1st quarter. PGGM Investments now owns 8,477,984 shares of the real estate investment trust’s stock valued at $134,461,000 after buying an additional 5,139,484 shares during the period. Norges Bank purchased a new stake in Brandywine Realty Trust during the 4th quarter worth approximately $26,633,000. BlackRock Inc. increased its holdings in Brandywine Realty Trust by 11.1% during the 4th quarter. BlackRock Inc. now owns 16,099,973 shares of the real estate investment trust’s stock worth $207,208,000 after purchasing an additional 1,603,605 shares during the last quarter. Clearbridge Investments LLC purchased a new stake in Brandywine Realty Trust during the 1st quarter worth approximately $14,118,000. Finally, D. E. Shaw & Co. Inc. increased its holdings in Brandywine Realty Trust by 1,056.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 762,150 shares of the real estate investment trust’s stock worth $9,809,000 after purchasing an additional 696,272 shares during the last quarter. Institutional investors and hedge funds own 97.92% of the company’s stock.
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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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