Brandywine Realty Trust (NYSE:BDN) Short Interest Down 7.0% in October

Brandywine Realty Trust (NYSE:BDN) was the recipient of a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 10,970,000 shares, a drop of 7.0% from the September 30th total of 11,790,000 shares. Currently, 6.5% of the shares of the company are sold short. Based on an average daily volume of 1,930,000 shares, the days-to-cover ratio is presently 5.7 days.

Hedge Funds Weigh In On Brandywine Realty Trust

A number of hedge funds have recently added to or reduced their stakes in the stock. Point72 DIFC Ltd bought a new position in shares of Brandywine Realty Trust in the second quarter worth $27,000. Sei Investments Co. acquired a new position in shares of Brandywine Realty Trust in the 2nd quarter valued at approximately $48,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Brandywine Realty Trust by 381.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 9,753 shares during the period. Bayesian Capital Management LP acquired a new stake in shares of Brandywine Realty Trust during the 1st quarter worth approximately $56,000. Finally, EntryPoint Capital LLC boosted its position in shares of Brandywine Realty Trust by 811.8% during the 1st quarter. EntryPoint Capital LLC now owns 13,969 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 12,437 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.

Brandywine Realty Trust Stock Performance

Shares of NYSE BDN traded down $0.12 during trading hours on Thursday, reaching $5.15. 804,490 shares of the stock were exchanged, compared to its average volume of 1,886,648. The firm has a market capitalization of $889.27 million, a price-to-earnings ratio of -2.93 and a beta of 1.33. The stock’s fifty day simple moving average is $5.47 and its 200 day simple moving average is $4.94. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07. Brandywine Realty Trust has a 52 week low of $3.62 and a 52 week high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). Brandywine Realty Trust had a negative return on equity of 23.65% and a negative net margin of 60.08%. The firm had revenue of $117.96 million for the quarter, compared to analyst estimates of $120.00 million. During the same period in the prior year, the business posted $0.29 EPS. The firm’s quarterly revenue was down 3.0% compared to the same quarter last year. Sell-side analysts predict that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 11.65%. The ex-dividend date was Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio is currently -33.33%.

Wall Street Analyst Weigh In

Several research firms have issued reports on BDN. Evercore ISI increased their price objective on Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 25th.

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.