Brandywine Realty Trust (NYSE:BDN) Lowered to "Sell" Rating by StockNews.com

Brandywine Realty Trust (NYSE:BDN - Get Free Report) was downgraded by StockNews.com from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Thursday.

Separately, Evercore ISI decreased their target price on Brandywine Realty Trust from $6.00 to $5.00 and set an "in-line" rating for the company in a research report on Thursday, February 6th.

Brandywine Realty Trust Trading Up 2.7 %

BDN stock traded up $0.11 on Thursday, reaching $4.17. The company's stock had a trading volume of 2,174,624 shares, compared to its average volume of 2,001,178. The company has a debt-to-equity ratio of 2.12, a quick ratio of 1.74 and a current ratio of 2.26. The business has a fifty day simple moving average of $4.21 and a two-hundred day simple moving average of $4.96. The firm has a market cap of $721.21 million, a PE ratio of -3.66 and a beta of 1.39. Brandywine Realty Trust has a 12-month low of $3.41 and a 12-month high of $6.54.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. The company had revenue of $114.43 million for the quarter, compared to the consensus estimate of $119.45 million. As a group, research analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Insider Buying and Selling

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney acquired 61,576 shares of the business's stock in a transaction on Friday, May 2nd. The shares were acquired at an average price of $4.07 per share, for a total transaction of $250,614.32. Following the completion of the acquisition, the chief executive officer now owns 2,949,092 shares in the company, valued at $12,002,804.44. This trade represents a 2.13 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is owned by company insiders.

Institutional Trading of Brandywine Realty Trust

Hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers increased its position in Brandywine Realty Trust by 18.7% during the 1st quarter. Cetera Investment Advisers now owns 36,115 shares of the real estate investment trust's stock valued at $161,000 after buying an additional 5,698 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in shares of Brandywine Realty Trust in the 1st quarter worth about $448,000. Private Advisor Group LLC boosted its stake in Brandywine Realty Trust by 48.3% in the 1st quarter. Private Advisor Group LLC now owns 16,499 shares of the real estate investment trust's stock worth $74,000 after purchasing an additional 5,370 shares in the last quarter. Signaturefd LLC purchased a new stake in Brandywine Realty Trust during the 1st quarter valued at about $27,000. Finally, New York State Common Retirement Fund increased its stake in Brandywine Realty Trust by 22.6% during the 1st quarter. New York State Common Retirement Fund now owns 1,395,962 shares of the real estate investment trust's stock valued at $6,226,000 after purchasing an additional 257,171 shares in the last quarter. 87.27% of the stock is owned by institutional investors.

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.