Brandywine Realty Trust (NYSE:BDN) Upgraded by Wall Street Zen to Hold Rating

Key Points

• Brandywine Realty Trust has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a more optimistic outlook for the company's stock.
• The company's recent earnings report showed a missed earnings per share estimate at $0.15 compared to the expected $0.17, along with a significant negative return on equity of 32.12%.
• Brandywine Realty Trust has seen notable insider activity, with CEO Gerard H. Sweeney acquiring 61,576 shares, reflecting a commitment to the company's future despite recent financial challenges.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

Brandywine Realty Trust Price Performance

BDN opened at $4.09 on Friday. The stock has a fifty day moving average price of $4.28 and a 200 day moving average price of $4.47. The company has a current ratio of 2.97, a quick ratio of 1.95 and a debt-to-equity ratio of 2.61. Brandywine Realty Trust has a 1 year low of $3.41 and a 1 year high of $6.54. The stock has a market cap of $708.06 million, a price-to-earnings ratio of -2.18 and a beta of 1.42.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last posted its quarterly 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 firm had revenue of $114.20 million for 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%. Analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

Insider Activity at Brandywine Realty Trust

In other Brandywine Realty Trust news, CEO Gerard H. Sweeney acquired 61,576 shares of Brandywine Realty Trust stock in a transaction that occurred on Friday, May 2nd. The stock was acquired at an average price of $4.07 per share, with a total value of $250,614.32. Following the purchase, the chief executive officer owned 2,949,092 shares in the company, valued at approximately $12,002,804.44. This trade represents a 2.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Brandywine Realty Trust

Several hedge funds have recently bought and sold shares of the business. Penn Capital Management Company LLC acquired a new stake in shares of Brandywine Realty Trust in the fourth quarter worth about $13,300,000. Invesco Ltd. raised its stake in shares of Brandywine Realty Trust by 193.7% in the 4th quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust's stock valued at $15,748,000 after acquiring an additional 1,854,749 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Brandywine Realty Trust by 5.4% in the 4th quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust's stock worth $159,620,000 after purchasing an additional 1,459,236 shares during the last quarter. Millennium Management LLC lifted its holdings in Brandywine Realty Trust by 91.2% in the 4th quarter. Millennium Management LLC now owns 2,644,898 shares of the real estate investment trust's stock worth $14,811,000 after purchasing an additional 1,261,752 shares during the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in Brandywine Realty Trust during the fourth quarter worth approximately $6,848,000. 87.27% of the stock is owned by institutional investors and hedge funds.

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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