Brandywine Realty Trust (NYSE:BDN) Lowered to Sell Rating by Wall Street Zen

Key Points

• Brandywine Realty Trust has been downgraded from a "hold" to a "sell" rating by Wall Street Zen, indicating a bearish outlook on the stock.
• Despite the downgrade, Evercore ISI increased its price target to $5.00, while Truist Financial cut their target from $5.00 to $4.00.
• The company reported earnings of $0.16 per share, which fell short of analysts' expectations, and has set a forecast of 0.510-0.530 EPS for fiscal year 2025.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Several other equities analysts have also weighed in on the stock. Evercore ISI upped their price objective on shares of Brandywine Realty Trust from $4.50 to $5.00 and gave the company an "in-line" rating in a report on Monday, September 29th. Truist Financial lowered Brandywine Realty Trust from a "buy" rating to a "hold" rating and decreased their target price for the company from $5.00 to $4.00 in a research report on Tuesday, September 16th. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Brandywine Realty Trust in a report on Friday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus target price of $4.50.

Brandywine Realty Trust Stock Up 0.1%

Shares of Brandywine Realty Trust stock opened at $3.70 on Friday. The stock's 50-day moving average is $4.13 and its 200 day moving average is $4.13. Brandywine Realty Trust has a one year low of $3.41 and a one year high of $5.90. The firm has a market cap of $641.82 million, a price-to-earnings ratio of -3.45 and a beta of 1.45. The company has a debt-to-equity ratio of 2.68, a current ratio of 2.14 and a quick ratio of 2.97.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last issued its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.16 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.01). The business had revenue of $121.42 million during the quarter, compared to the consensus estimate of $119.11 million. Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%. Brandywine Realty Trust has set its FY 2025 guidance at 0.510-0.530 EPS. Equities research analysts anticipate that Brandywine Realty Trust will post 0.66 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC raised its position in Brandywine Realty Trust by 42.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 950,179 shares of the real estate investment trust's stock valued at $4,238,000 after buying an additional 282,031 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in shares of Brandywine Realty Trust by 119.7% in the first quarter. Concurrent Investment Advisors LLC now owns 55,105 shares of the real estate investment trust's stock valued at $246,000 after purchasing an additional 30,028 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Brandywine Realty Trust by 89.7% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 24,714 shares of the real estate investment trust's stock valued at $110,000 after purchasing an additional 11,684 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in shares of Brandywine Realty Trust during the first quarter valued at about $71,000. Finally, American Century Companies Inc. boosted its holdings in Brandywine Realty Trust by 54.2% during the first quarter. American Century Companies Inc. now owns 88,406 shares of the real estate investment trust's stock worth $394,000 after purchasing an additional 31,072 shares during 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.

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