Brandywine Realty Trust (NYSE:BDN) Cut to “Sell” at StockNews.com

Brandywine Realty Trust (NYSE:BDN) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued on Friday.

Separately, Evercore ISI lifted their price target on 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 Stock Performance

Shares of Brandywine Realty Trust stock traded up $0.05 on Friday, reaching $5.39. 9,339,896 shares of the company were exchanged, compared to its average volume of 1,911,195. The firm has a market cap of $930.67 million, a price-to-earnings ratio of -2.99 and a beta of 1.35. 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 quick ratio of 1.74 and a current ratio of 1.74. The company’s 50-day moving average is $5.58 and its two-hundred day moving average is $5.16.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. The company had revenue of $117.96 million during the quarter, compared to the consensus estimate of $120.00 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. As a group, research analysts expect that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brandywine Realty Trust

A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP grew its stake in shares of Brandywine Realty Trust by 752.5% in the 3rd 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 during the last quarter. Point72 DIFC Ltd acquired a new position in Brandywine Realty Trust in the second quarter worth approximately $27,000. Sei Investments Co. bought a new position in shares of Brandywine Realty Trust in the second quarter valued at $48,000. EverSource Wealth Advisors LLC lifted its position in shares of Brandywine Realty Trust by 381.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 9,753 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of Brandywine Realty Trust during the 3rd quarter valued at $55,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.

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.