Evercore ISI Lowers Brandywine Realty Trust (NYSE:BDN) Price Target to $5.00

Brandywine Realty Trust (NYSE:BDN) had its target price cut by equities researchers at Evercore ISI from $6.00 to $5.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target suggests a potential upside of 0.81% from the stock’s previous close.

Separately, StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 28th.

Brandywine Realty Trust Stock Performance

NYSE:BDN opened at $4.96 on Thursday. The stock’s 50 day simple moving average is $5.43 and its two-hundred day simple moving average is $5.36. Brandywine Realty Trust has a 1 year low of $3.85 and a 1 year high of $6.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market cap of $856.42 million, a price-to-earnings ratio of -2.76 and a beta of 1.34.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. As a group, equities analysts anticipate that Brandywine Realty Trust will post 0.91 earnings per share for the current fiscal year.

Institutional Trading of Brandywine Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BDN. Quarry LP increased its position in shares of Brandywine Realty Trust by 752.5% during the third quarter. Quarry LP now owns 4,595 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 4,056 shares in the last quarter. Kestra Investment Management LLC acquired a new position in Brandywine Realty Trust in the 4th quarter valued at about $26,000. US Bancorp DE lifted its holdings in Brandywine Realty Trust by 11,198.0% during the 4th quarter. US Bancorp DE now owns 5,649 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 5,599 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Brandywine Realty Trust by 360.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 8,248 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 6,457 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in shares of Brandywine Realty Trust in the 3rd quarter valued at about $55,000. Institutional investors and hedge funds own 87.27% of the company’s stock.

Brandywine Realty Trust Company Profile

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.