Brandywine Realty Trust (NYSE:BDN) Short Interest Down 10.6% in October

Brandywine Realty Trust (NYSE:BDN) was the target of a significant drop in short interest in October. As of October 31st, there was short interest totalling 9,810,000 shares, a drop of 10.6% from the October 15th total of 10,970,000 shares. Currently, 5.9% of the company’s stock are sold short. Based on an average daily trading volume, of 2,020,000 shares, the days-to-cover ratio is presently 4.9 days.

Institutional Trading of Brandywine Realty Trust

Several large investors have recently made changes to their positions in the company. Point72 Asset Management L.P. lifted its position in shares of Brandywine Realty Trust by 7,435.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock valued at $9,351,000 after acquiring an additional 2,059,542 shares during the period. Vanguard Group Inc. boosted its holdings in Brandywine Realty Trust by 2.4% during the first quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock worth $135,747,000 after purchasing an additional 651,299 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in Brandywine Realty Trust in the 3rd quarter valued at about $2,546,000. Brookfield Corp ON purchased a new stake in Brandywine Realty Trust in the 3rd quarter valued at about $2,314,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Brandywine Realty Trust in the 3rd quarter worth approximately $1,937,000. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Price Performance

Shares of BDN stock traded up $0.14 during trading hours on Tuesday, reaching $5.34. 1,137,235 shares of the company were exchanged, compared to its average volume of 1,882,381. The stock’s fifty day moving average is $5.49 and its two-hundred day moving average is $5.02. The company has a market cap of $922.06 million, a price-to-earnings ratio of -2.89 and a beta of 1.33. Brandywine Realty Trust has a fifty-two week low of $3.85 and a fifty-two week high of $6.54. 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 (NYSE:BDN) last released its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($1.20). Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. The company had revenue of $117.96 million during the quarter, compared to analyst estimates of $120.00 million. During the same quarter last year, the company earned $0.29 EPS. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. Sell-side analysts forecast that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were paid a $0.15 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 11.24%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -33.33%.

Wall Street Analysts Forecast Growth

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

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 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.