Brandywine Realty Trust (NYSE:BDN) Shares Gap Down After Analyst Downgrade

Key Points

• Brandywine Realty Trust's shares gapped down to $4.45 after Truist Financial downgraded the stock from a buy to a hold rating, with a new price target of $4.00.
• The company reported negative earnings in its recent quarterly earnings, missing analysts' estimates, with a reported EPS of $0.15 against a consensus of $0.17.
• Currently, 87.27% of Brandywine Realty Trust's shares are owned by institutional investors, indicating strong institutional interest in the stock.

Brandywine Realty Trust (NYSE:BDN - Get Free Report)'s share price gapped down prior to trading on Tuesday after Truist Financial downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $4.58, but opened at $4.45. Truist Financial now has a $4.00 price target on the stock, down from their previous price target of $5.00. Brandywine Realty Trust shares last traded at $4.44, with a volume of 242,625 shares.

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

Institutional Trading of Brandywine Realty Trust

Institutional investors have recently modified their holdings of the company. Millennium Management LLC lifted its stake in shares of Brandywine Realty Trust by 91.2% during the 4th quarter. Millennium Management LLC now owns 2,644,898 shares of the real estate investment trust's stock valued at $14,811,000 after buying an additional 1,261,752 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Brandywine Realty Trust during the 2nd quarter valued at $4,566,000. Invesco Ltd. lifted its stake in shares of Brandywine Realty Trust by 30.4% during the 2nd quarter. Invesco Ltd. now owns 4,547,731 shares of the real estate investment trust's stock valued at $19,510,000 after buying an additional 1,059,054 shares in the last quarter. Kawa Capital Management Inc lifted its stake in shares of Brandywine Realty Trust by 16.7% during the 2nd quarter. Kawa Capital Management Inc now owns 3,500,000 shares of the real estate investment trust's stock valued at $15,015,000 after buying an additional 500,000 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Brandywine Realty Trust by 95.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 829,246 shares of the real estate investment trust's stock worth $3,557,000 after purchasing an additional 405,447 shares in the last quarter. 87.27% of the stock is currently owned by hedge funds and other institutional investors.

Brandywine Realty Trust Stock Performance

The firm has a market cap of $776.44 million, a PE ratio of -2.38 and a beta of 1.46. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 2.61. The firm's 50 day simple moving average is $4.19 and its 200 day simple moving average is $4.21.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its 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 business had revenue of $114.20 million during 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. On average, research analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

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.