StockNews.com Downgrades Brandywine Realty Trust (NYSE:BDN) to Sell

Brandywine Realty Trust (NYSE:BDN) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Separately, Evercore ISI increased their price target on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a report on Monday, September 16th.

Brandywine Realty Trust Price Performance

Shares of NYSE BDN opened at $5.39 on Friday. The stock has a fifty day moving average price of $5.58 and a 200 day moving average price of $5.17. 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 $930.67 million, a PE ratio of -2.99 and a beta of 1.35.

Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($1.20). Brandywine Realty Trust had a negative return on equity of 24.59% and a negative net margin of 60.08%. The firm had revenue of $117.96 million for the quarter, compared to analysts’ expectations of $120.00 million. During the same period in the prior year, the company earned $0.29 earnings per share. The company’s revenue for the quarter was down 3.0% on a year-over-year basis. Sell-side analysts forecast that Brandywine Realty Trust will post 0.92 EPS for the current year.

Institutional Trading of Brandywine Realty Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quarry LP lifted its position in 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 valued at $25,000 after buying an additional 4,056 shares in the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Brandywine Realty Trust during the 2nd quarter valued at about $27,000. Paloma Partners Management Co acquired a new position in Brandywine Realty Trust during the 3rd quarter worth approximately $55,000. Coldstream Capital Management Inc. acquired a new stake in Brandywine Realty Trust in the third quarter valued at approximately $55,000. Finally, Sei Investments Co. acquired a new position in Brandywine Realty Trust in the 2nd quarter worth $48,000. Hedge funds and other institutional investors 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.