Brandywine Realty Trust (NYSE:BDN) Stock Rating Lowered by Truist Financial

Key Points

• Brandywine Realty Trust was downgraded from a "buy" to a "hold" rating by Truist Financial, with a target price set at $4.00, indicating a potential downside of 12.95% from its previous close.
• The company reported a loss of $0.02 per share in its latest quarterly earnings, missing analysts' estimates, with revenues also falling short of expectations at $114.20 million.
• Institutional investors have been active, with hedge funds owning 87.27% of the company’s stock and making significant changes to their positions in recent quarters.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) was downgraded by investment analysts at Truist Financial from a "buy" rating to a "hold" rating in a report released on Tuesday, Marketbeat Ratings reports. They currently have a $4.00 target price on the real estate investment trust's stock, down from their prior target price of $5.00. Truist Financial's target price would indicate a potential downside of 10.51% from the stock's previous close.

Separately, Wall Street Zen raised Brandywine Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $4.50.

Brandywine Realty Trust Stock Down 0.9%

BDN stock traded down $0.04 during midday trading on Tuesday, hitting $4.47. The stock had a trading volume of 4,094,628 shares, compared to its average volume of 1,963,392. The firm has a market cap of $776.44 million, a price-to-earnings ratio of -2.38 and a beta of 1.46. The business has a 50-day moving average of $4.19 and a two-hundred day moving average of $4.21. Brandywine Realty Trust has a 52-week low of $3.41 and a 52-week high of $6.54. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.97 and a quick ratio of 2.97.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last released its earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). Brandywine Realty Trust had a negative return on equity of 32.12% and a negative net margin of 65.33%.The company had revenue of $114.20 million during the quarter, compared to analysts' expectations of $120.66 million. Brandywine Realty Trust has set its FY 2025 guidance at 0.600-0.660 EPS. As a group, equities research analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. 17 Capital Partners LLC lifted its stake in shares of Brandywine Realty Trust by 14.9% in the 1st quarter. 17 Capital Partners LLC now owns 20,962 shares of the real estate investment trust's stock valued at $93,000 after purchasing an additional 2,722 shares during the last quarter. Creative Planning lifted its stake in shares of Brandywine Realty Trust by 23.9% in the 2nd quarter. Creative Planning now owns 14,244 shares of the real estate investment trust's stock valued at $61,000 after purchasing an additional 2,749 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Brandywine Realty Trust by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,773 shares of the real estate investment trust's stock valued at $269,000 after purchasing an additional 2,781 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Brandywine Realty Trust by 3.2% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,210 shares of the real estate investment trust's stock valued at $426,000 after purchasing an additional 3,083 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in shares of Brandywine Realty Trust by 25.2% in the 2nd quarter. Truist Financial Corp now owns 15,548 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 3,134 shares during the last quarter. 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.