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.

Hedge funds have recently made changes to their positions in the company. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Brandywine Realty Trust by 84.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 204,312 shares of the real estate investment trust’s stock valued at $2,926,000 after acquiring an additional 93,400 shares during the period. Systematic Financial Management LP raised its stake in Brandywine Realty Trust by 1.0% in the 2nd quarter. Systematic Financial Management LP now owns 1,057,957 shares of the real estate investment trust’s stock valued at $15,150,000 after acquiring an additional 10,445 shares during the period. Virginia Retirement Systems ET AL raised its stake in Brandywine Realty Trust by 13.3% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 259,300 shares of the real estate investment trust’s stock valued at $3,713,000 after acquiring an additional 30,500 shares during the period. Convergence Investment Partners LLC raised its stake in Brandywine Realty Trust by 2.8% in the 2nd quarter. Convergence Investment Partners LLC now owns 76,650 shares of the real estate investment trust’s stock valued at $1,098,000 after acquiring an additional 2,067 shares during the period. Finally, State of Alaska Department of Revenue raised its stake in Brandywine Realty Trust by 13.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 87,088 shares of the real estate investment trust’s stock valued at $1,246,000 after acquiring an additional 10,165 shares during the period. 97.99% of the stock is owned by institutional investors.

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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