Brandywine Realty Trust (NYSE:BDN) Short Interest Update
Brandywine Realty Trust (NYSE:BDN) was the target of a large drop in short interest during the month of July. As of July 15th, there was short interest totalling 2,120,200 shares, a drop of 11.2% from the June 15th total of 2,386,300 shares. Based on an average daily trading volume, of 1,600,000 shares, the days-to-cover ratio is currently 1.3 days. Approximately 1.2% of the company’s shares are sold short.
Several research analysts have issued reports on BDN shares. Argus upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Monday, July 8th. ValuEngine lowered shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Zacks Investment Research lowered shares of Green Plains Partners from a “buy” rating to a “hold” rating in a report on Friday. Finally, Bank of America raised their price target on shares of 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 assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $16.25.
In other Brandywine Realty Trust news, Director James C. Diggs sold 3,700 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $14.84, for a total transaction of $54,908.00. Following the completion of the transaction, the director now owns 36,034 shares in the company, valued at approximately $534,744.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Tom Wirth sold 9,700 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $15.30, for a total transaction of $148,410.00. The disclosure for this sale can be found here. 1.32% of the stock is owned by company insiders.
Shares of BDN stock traded up $0.03 during trading hours on Monday, hitting $14.73. 64,029 shares of the company were exchanged, compared to its average volume of 1,063,317. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 10.77, a P/E/G ratio of 3.76 and a beta of 0.95. Brandywine Realty Trust has a fifty-two week low of $12.32 and a fifty-two week high of $17.00. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.82 and a current ratio of 1.82. The company’s 50 day simple moving average is $14.81.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.04 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.32). The company had revenue of $144.20 million for the quarter, compared to analyst estimates of $144.45 million. Brandywine Realty Trust had a return on equity of 4.97% and a net margin of 15.89%. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. On average, analysts anticipate that Brandywine Realty Trust will post 1.42 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 5.16%. The ex-dividend date was Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is 55.47%.
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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