Brandywine Realty Trust (NYSE:BDN) Shares Gap Down - What's Next?

Key Points

• Brandywine Realty Trust shares opened lower at $4.23 after closing at $4.42, with recent trading showing a 0.8% decline.
• Analysts have downgraded the stock from a "buy" to a "hold" rating, with a new price target of $4.00, while the consensus rating remains "hold" with an average price target of $4.50.
• The company reported a net margin of -65.33% and missed its earnings per share estimate, posting $0.15 against an expectation of $0.17.

Brandywine Realty Trust (NYSE:BDN - Get Free Report)'s share price gapped down before the market opened on Friday . The stock had previously closed at $4.42, but opened at $4.23. Brandywine Realty Trust shares last traded at $4.34, with a volume of 846,769 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on BDN shares. Truist Financial downgraded Brandywine Realty Trust from a "buy" rating to a "hold" rating and dropped their price target for the company from $5.00 to $4.00 in a research note on Tuesday, September 16th. 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, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $4.50.

Brandywine Realty Trust Stock Down 0.8%

The company has a market capitalization of $761.67 million, a PE ratio of -2.33 and a beta of 1.46. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 2.61. The firm has a 50-day moving average of $4.20 and a two-hundred day moving average of $4.21.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.02). The business had revenue of $114.20 million during the quarter, compared to analysts' expectations 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. Equities research analysts predict that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of America Corp DE raised its stake in shares of Brandywine Realty Trust by 43.5% in the fourth quarter. Bank of America Corp DE now owns 517,265 shares of the real estate investment trust's stock valued at $2,897,000 after acquiring an additional 156,877 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Brandywine Realty Trust by 27.3% during the fourth quarter. Cetera Investment Advisers now owns 30,417 shares of the real estate investment trust's stock worth $170,000 after purchasing an additional 6,517 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of Brandywine Realty Trust by 39.0% during the fourth quarter. Nuveen Asset Management LLC now owns 673,737 shares of the real estate investment trust's stock worth $3,773,000 after purchasing an additional 189,143 shares in the last quarter. Quantinno Capital Management LP grew its holdings in shares of Brandywine Realty Trust by 37.7% during the fourth quarter. Quantinno Capital Management LP now owns 15,770 shares of the real estate investment trust's stock worth $88,000 after buying an additional 4,318 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Brandywine Realty Trust by 44.4% during the fourth quarter. ProShare Advisors LLC now owns 51,139 shares of the real estate investment trust's stock worth $286,000 after buying an additional 15,726 shares during the last quarter. 87.27% of the stock is currently owned by hedge funds and other 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.

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