Short Interest in Brandywine Realty Trust (NYSE:BDN) Decreases By 28.4%

Brandywine Realty Trust (NYSE:BDN) was the target of a significant decline in short interest during the month of January. As of January 15th, there was short interest totaling 12,385,893 shares, a decline of 28.4% from the December 31st total of 17,288,333 shares. Approximately 7.4% of the company’s shares are short sold. Based on an average daily trading volume, of 7,046,484 shares, the short-interest ratio is currently 1.8 days. Based on an average daily trading volume, of 7,046,484 shares, the short-interest ratio is currently 1.8 days. Approximately 7.4% of the company’s shares are short sold.

Insider Activity

In other news, CEO Gerard H. Sweeney bought 88,500 shares of the firm’s stock in a transaction that occurred on Monday, November 10th. The shares were purchased at an average price of $3.38 per share, for a total transaction of $299,130.00. Following the completion of the transaction, the chief executive officer owned 3,042,210 shares in the company, valued at $10,282,669.80. The trade was a 3.00% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.30% of the company’s stock.

Hedge Funds Weigh In On Brandywine Realty Trust

Several hedge funds and other institutional investors have recently made changes to their positions in BDN. Hotchkis & Wiley Capital Management LLC acquired a new stake in Brandywine Realty Trust in the 3rd quarter valued at $6,542,000. Verition Fund Management LLC boosted its position in shares of Brandywine Realty Trust by 2,395.1% in the third quarter. Verition Fund Management LLC now owns 1,280,968 shares of the real estate investment trust’s stock worth $5,342,000 after buying an additional 1,229,628 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Brandywine Realty Trust in the second quarter valued at about $4,566,000. Invesco Ltd. raised its holdings in shares of Brandywine Realty Trust by 30.4% during the 2nd quarter. Invesco Ltd. now owns 4,547,731 shares of the real estate investment trust’s stock valued at $19,510,000 after buying an additional 1,059,054 shares during the period. Finally, Millennium Management LLC lifted its position in Brandywine Realty Trust by 72.4% during the 3rd quarter. Millennium Management LLC now owns 2,081,421 shares of the real estate investment trust’s stock worth $8,680,000 after acquiring an additional 874,215 shares in the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

NYSE BDN opened at $2.84 on Friday. The company has a debt-to-equity ratio of 2.68, a current ratio of 2.14 and a quick ratio of 2.14. Brandywine Realty Trust has a 1-year low of $2.74 and a 1-year high of $5.53. The firm has a market capitalization of $492.44 million, a P/E ratio of -2.65 and a beta of 1.30. The business’s 50-day simple moving average is $3.05 and its 200-day simple moving average is $3.65.

Brandywine Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Wednesday, January 7th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 11.3%. The ex-dividend date was Wednesday, January 7th. Brandywine Realty Trust’s payout ratio is currently -29.91%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, January 21st. Citigroup reiterated a “sell” rating on shares of Brandywine Realty Trust in a research report on Tuesday. Evercore ISI lowered their price target on Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating for the company in a report on Friday, November 14th. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Brandywine Realty Trust in a report on Monday, November 24th. Finally, KeyCorp downgraded shares of Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a report on Thursday, December 4th. Three equities research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, Brandywine Realty Trust currently has an average rating of “Reduce” and an average target price of $4.00.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust (NYSE: BDN) is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high?quality, transit?oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live?work?play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.