Brandywine Realty Trust (NYSE:BDN) Sees Large Growth in Short Interest

Brandywine Realty Trust (NYSE:BDN) was the target of a significant growth in short interest in March. As of March 13th, there was short interest totaling 13,608,472 shares, a growth of 17.8% from the February 26th total of 11,551,972 shares. Approximately 8.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,959,055 shares, the days-to-cover ratio is presently 4.6 days.

Hedge Funds Weigh In On Brandywine Realty Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Creative Planning boosted its position in Brandywine Realty Trust by 23.9% in the second quarter. Creative Planning now owns 14,244 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 2,749 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Brandywine Realty Trust by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,773 shares of the real estate investment trust’s stock valued at $269,000 after acquiring an additional 2,781 shares during the last quarter. CWM LLC lifted its stake in shares of Brandywine Realty Trust by 11.1% in the 3rd quarter. CWM LLC now owns 28,721 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 2,873 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Brandywine Realty Trust by 12.7% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 26,897 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 3,029 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Brandywine Realty Trust by 3.3% during the 3rd quarter. Amundi now owns 115,635 shares of the real estate investment trust’s stock valued at $459,000 after acquiring an additional 3,653 shares in the last quarter. Institutional investors own 87.27% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on BDN. Wall Street Zen cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, February 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Brandywine Realty Trust in a report on Wednesday, January 21st. Citigroup restated a “sell” rating on shares of Brandywine Realty Trust in a research report on Tuesday, January 27th. Finally, KeyCorp downgraded Brandywine Realty Trust from an “overweight” rating to a “sector weight” rating in a research note on Thursday, December 4th. Three research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $4.00.

Brandywine Realty Trust Price Performance

Shares of Brandywine Realty Trust stock traded up $0.09 during trading on Tuesday, reaching $2.71. 3,569,506 shares of the company’s stock were exchanged, compared to its average volume of 3,255,843. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.86 and a current ratio of 1.86. Brandywine Realty Trust has a 1-year low of $2.47 and a 1-year high of $4.63. The company has a market cap of $469.89 million, a P/E ratio of -2.63 and a beta of 1.25. The firm’s 50-day moving average price is $3.00 and its 200 day moving average price is $3.30.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Wednesday, February 4th. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.36). Brandywine Realty Trust had a negative net margin of 36.79% and a negative return on equity of 20.20%. The business had revenue of $120.95 million during the quarter, compared to analyst estimates of $117.68 million. As a group, research analysts anticipate that Brandywine Realty Trust will post 0.66 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Thursday, April 2nd will be paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date is Thursday, April 2nd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -31.07%.

About Brandywine Realty Trust

Brandywine Realty Trust (NYSE: BDN) is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high‐quality, transit‐oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live‐work‐play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.