Brandywine Realty Trust (NYSE:BDN) was the target of a large drop in short interest in June. As of June 30th, there was short interest totalling 2,386,300 shares, a drop of 6.7% from the May 30th total of 2,557,800 shares. Based on an average trading volume of 1,610,000 shares, the short-interest ratio is currently 1.5 days. Approximately 1.4% of the company’s stock are sold short.
BDN traded down $0.06 during trading hours on Monday, hitting $14.55. The stock had a trading volume of 26,679 shares, compared to its average volume of 1,175,007. The firm’s fifty day simple moving average is $14.98. Brandywine Realty Trust has a 1 year low of $12.32 and a 1 year high of $17.06. The stock has a market capitalization of $2.57 billion, a PE ratio of 10.66, a PEG ratio of 3.90 and a beta of 0.95. 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 (NYSE:BDN) last announced its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.31). Brandywine Realty Trust had a return on equity of 5.30% and a net margin of 17.40%. The firm had revenue of $144.00 million during the quarter, compared to analysts’ expectations of $140.73 million. During the same period last year, the business posted $0.32 EPS. The company’s revenue was up 5.6% compared to the same quarter last year. Analysts predict that Brandywine Realty Trust will post 1.43 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, July 5th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 5.22%. The ex-dividend date of this dividend is Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 55.47%.
In other news, Director James C. Diggs sold 3,700 shares of Brandywine Realty Trust stock in a transaction on Monday, May 20th. The stock was sold at an average price of $14.84, for a total transaction of $54,908.00. Following the sale, the director now directly owns 36,034 shares in the company, valued at approximately $534,744.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tom Wirth sold 9,700 shares of Brandywine Realty Trust stock in a transaction on 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.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its holdings in Brandywine Realty Trust by 95.9% during the 1st quarter. Quadrant Capital Group LLC now owns 8,688 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 4,254 shares in the last quarter. Hancock Whitney Corp purchased a new position in Brandywine Realty Trust during the 4th quarter valued at about $134,000. First Hawaiian Bank grew its holdings in Brandywine Realty Trust by 29.4% during the 1st quarter. First Hawaiian Bank now owns 10,840 shares of the real estate investment trust’s stock valued at $172,000 after buying an additional 2,460 shares in the last quarter. Pearl River Capital LLC grew its holdings in Brandywine Realty Trust by 391.3% during the 1st quarter. Pearl River Capital LLC now owns 11,334 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 9,027 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new position in Brandywine Realty Trust during the 1st quarter valued at about $193,000. 97.97% of the stock is owned by institutional investors.
A number of equities research analysts have recently commented on BDN shares. Zacks Investment Research cut First Merchants from a “hold” rating to a “sell” rating in a research note on Monday, July 1st. Argus upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research note on Monday, July 8th. ValuEngine cut WideOpenWest from a “hold” rating to a “sell” rating in a research note on Friday, June 28th. Finally, Bank of America lifted their price objective on Armstrong World Industries from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $16.42.
About Brandywine Realty Trust
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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