Brandywine Realty Trust (NYSE:BDN) Downgraded to "Hold" Rating 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 analysts at Truist Financial from a "buy" rating to a "hold" rating in a research report issued on Tuesday, MarketBeat.com reports. They currently have a $4.00 target price on the real estate investment trust's stock. Truist Financial's price target suggests a potential downside of 12.95% from the company's previous close.

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

Brandywine Realty Trust Price Performance

NYSE:BDN opened at $4.60 on Tuesday. The firm's 50-day simple moving average is $4.17 and its 200 day simple moving average is $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 quick ratio of 2.97 and a current ratio of 2.97. The firm has a market cap of $798.15 million, a price-to-earnings ratio of -2.44 and a beta of 1.46.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Signaturefd LLC acquired a new stake in shares of Brandywine Realty Trust during the 1st quarter worth about $27,000. Breakthru Advisory Services LLC acquired a new position in Brandywine Realty Trust during the fourth quarter worth approximately $56,000. US Bancorp DE increased its holdings in shares of Brandywine Realty Trust by 135.0% in the first quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 7,624 shares during the period. Tidal Investments LLC purchased a new stake in shares of Brandywine Realty Trust in the fourth quarter valued at approximately $60,000. Finally, Coldstream Capital Management Inc. boosted its stake in shares of Brandywine Realty Trust by 48.5% in the second quarter. Coldstream Capital Management Inc. now owns 14,042 shares of the real estate investment trust's stock valued at $60,000 after buying an additional 4,588 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.