While other trust and their stocks are rising, some are experiencing an all-time low. Conferring to a previous article by streetreport, "Brandywine Realty Trust (NYSE:BDN) shares were traded with thin volume and the stock closed last trading session at $12.51, down by -0.24 percent, with a volume of 1,171,254 shares against an average volume for the last 3 months of 2,307,570." It appears that Brandywine Realty Trust (NYSE:BDN) stock is now trading 26.97 percent below its 52-week-high, 3.47 percent beyond its 52-week-low.
The downgrade was difficult for the company as it seeks stability in this unpredictable stock market. The company has dealt with various challenges in the past as well. Brandywine Realty Trust is a self-administered, self-managed and fully integrated Real Estate Investment Trust active in acquiring, developing, redeveloping, leasing and managing suburban office and industrial properties as described in a report by wkrb13. In regards to the company's portfolio, it has 151 office properties and 28 industrial amenities. Some facilities were used as flex facilities, accepting office use, warehouse space and research and development activities as well.
There are different factors that led to the 52 week low. For instance, Wood & Company cut shares of Brandywine Realty Trust from a "buy" rating to a "hold" rating in a report on Friday, June 26th and Stifel Nicolaus cut shares of Brandywine Realty Trust from a "buy" rating to a "hold" rating in a report on Thursday, June 25th as stated in a report by wkrb13.
Brandywine Realty Trust (BDN) existing short interest stands at 5.83 million stocks. It has augmented by 2 percent as of the previous month. Approximately 4 percent of the company's stocks, which are float, are short sold and with a 10-days average volume of 2.22 million shares, the number of days required to cover the short positions stand at 2.7 days as further described and noted by streetreport.
