Brandywine Realty Trust (NYSE:BDN) Price Target Increased to $6.00 by Analysts at Evercore ISI

Brandywine Realty Trust (NYSE:BDN) had its target price boosted by Evercore ISI from $5.50 to $6.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an in-line rating on the real estate investment trust’s stock.

Separately, StockNews.com upgraded shares of Brandywine Realty Trust from a sell rating to a hold rating in a report on Thursday, July 25th.

Brandywine Realty Trust Price Performance

NYSE BDN opened at $5.43 on Monday. The company has a 50-day moving average price of $4.96 and a two-hundred day moving average price of $4.68. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73. The stock has a market cap of $935.43 million, a price-to-earnings ratio of -4.45 and a beta of 1.33. Brandywine Realty Trust has a 52 week low of $3.62 and a 52 week high of $5.67.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.05). The company had revenue of $125.30 million during the quarter, compared to the consensus estimate of $119.47 million. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The company’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $0.29 earnings per share. Analysts forecast that Brandywine Realty Trust will post 0.93 EPS for the current year.

Institutional Investors Weigh In On Brandywine Realty Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BDN. Victory Capital Management Inc. lifted its position in Brandywine Realty Trust by 14.5% in the 4th quarter. Victory Capital Management Inc. now owns 33,621 shares of the real estate investment trust’s stock worth $182,000 after buying an additional 4,255 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Brandywine Realty Trust by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,213,563 shares of the real estate investment trust’s stock worth $28,153,000 after purchasing an additional 540,658 shares during the last quarter. Jump Financial LLC increased its stake in shares of Brandywine Realty Trust by 29.7% during the 4th quarter. Jump Financial LLC now owns 24,530 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 5,613 shares during the last quarter. Norges Bank acquired a new position in shares of Brandywine Realty Trust during the 4th quarter worth $6,610,000. Finally, Worth Venture Partners LLC increased its stake in shares of Brandywine Realty Trust by 11.8% during the 4th quarter. Worth Venture Partners LLC now owns 47,500 shares of the real estate investment trust’s stock worth $256,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 87.27% of the company’s stock.

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 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.