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) shares gapped down before the market opened 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. Brandywine Realty Trust shares last traded at $4.44, with a volume of 242,625 shares changing hands.

Separately, Wall Street Zen raised 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, Based on data from MarketBeat, Brandywine Realty Trust presently has an average rating of "Hold" and a consensus price target of $4.50.

Institutional Trading of Brandywine Realty Trust

Institutional investors have recently bought and sold shares of the stock. Signaturefd LLC bought a new stake in Brandywine Realty Trust in the first quarter worth $27,000. Breakthru Advisory Services LLC bought a new stake in Brandywine Realty Trust in the fourth quarter worth $56,000. US Bancorp DE lifted its position in 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 worth $59,000 after buying an additional 7,624 shares during the last quarter. Tidal Investments LLC bought a new stake in Brandywine Realty Trust in the fourth quarter worth $60,000. Finally, Coldstream Capital Management Inc. lifted its position in 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 worth $60,000 after buying an additional 4,588 shares during the last quarter. 87.27% of the stock is currently owned by institutional investors.

Brandywine Realty Trust Stock Performance

The company has a market capitalization of $770.36 million, a P/E ratio of -2.36 and a beta of 1.46. The business has a 50-day moving average of $4.17 and a 200-day moving average of $4.21. 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 issued its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02). The company 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, sell-side analysts anticipate that Brandywine Realty Trust will post 0.66 EPS for the current year.

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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