Brandywine Realty Trust (NYSE:BDN) Short Interest Up 5.5% in October

Brandywine Realty Trust (NYSE:BDN) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 4,230,000 shares, an increase of 5.5% from the September 30th total of 4,010,000 shares. Based on an average daily trading volume, of 1,250,000 shares, the short-interest ratio is presently 3.4 days. Approximately 2.4% of the shares of the stock are short sold.

Shares of BDN stock traded down $0.03 during trading hours on Friday, hitting $15.30. The company’s stock had a trading volume of 722,244 shares, compared to its average volume of 1,220,672. The business has a fifty day moving average of $14.93 and a 200-day moving average of $14.82. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 10.87, a P/E/G ratio of 3.44 and a beta of 0.91. Brandywine Realty Trust has a twelve month low of $12.32 and a twelve month high of $16.18. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 1.23.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Thursday, October 17th. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.32). The business had revenue of $145.33 million during the quarter, compared to analyst estimates of $143.24 million. Brandywine Realty Trust had a net margin of 24.28% and a return on equity of 7.89%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.35 earnings per share. On average, equities analysts expect that Brandywine Realty Trust will post 1.41 EPS for the current fiscal year.

In other Brandywine Realty Trust news, Director H Jeffrey Devuono sold 2,784 shares of the stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $15.31, for a total value of $42,623.04. Following the completion of the transaction, the director now directly owns 196,750 shares of the company’s stock, valued at $3,012,242.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Daniel A. Palazzo sold 14,762 shares of the stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $14.90, for a total transaction of $219,953.80. Following the completion of the transaction, the chief accounting officer now directly owns 41,295 shares of the company’s stock, valued at $615,295.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 164,769 shares of company stock valued at $2,504,508. 1.32% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC boosted its position in Brandywine Realty Trust by 47.9% during the second quarter. Nuveen Asset Management LLC now owns 4,368,933 shares of the real estate investment trust’s stock worth $62,563,000 after acquiring an additional 1,415,051 shares during the last quarter. Invesco Ltd. boosted its position in Brandywine Realty Trust by 1,406.3% during the second quarter. Invesco Ltd. now owns 1,804,645 shares of the real estate investment trust’s stock worth $25,842,000 after acquiring an additional 1,684,838 shares during the last quarter. LSV Asset Management acquired a new stake in Brandywine Realty Trust during the second quarter worth approximately $21,434,000. California Public Employees Retirement System raised its stake in Brandywine Realty Trust by 22.5% during the third quarter. California Public Employees Retirement System now owns 376,871 shares of the real estate investment trust’s stock worth $5,710,000 after purchasing an additional 69,160 shares during the period. Finally, Prentiss Smith & Co. Inc. raised its stake in Brandywine Realty Trust by 148.6% during the second quarter. Prentiss Smith & Co. Inc. now owns 258,902 shares of the real estate investment trust’s stock worth $3,707,000 after purchasing an additional 154,750 shares during the period. Institutional investors and hedge funds own 98.31% of the company’s stock.

A number of research analysts have issued reports on the stock. Barclays set a $19.00 target price on shares of Brandywine Realty Trust and gave the company a “buy” rating in a report on Friday, October 11th. Zacks Investment Research cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company. Brandywine Realty Trust presently has an average rating of “Hold” and a consensus price target of $16.88.

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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