Evercore ISI Cuts Brandywine Realty Trust (NYSE:BDN) Price Target to $5.00

Brandywine Realty Trust (NYSE:BDN) had its target price lowered by equities research analysts at Evercore ISI from $6.00 to $5.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target suggests a potential downside of 0.10% from the stock’s current price.

Separately, StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, December 28th.

Brandywine Realty Trust Stock Performance

NYSE BDN traded down $0.09 during trading on Thursday, hitting $5.01. 458,482 shares of the company’s stock traded hands, compared to its average volume of 2,598,008. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $864.21 million, a price-to-earnings ratio of -2.78 and a beta of 1.34. Brandywine Realty Trust has a 12-month low of $3.85 and a 12-month high of $6.54. The business has a 50 day moving average of $5.46 and a 200-day moving average of $5.36.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Tuesday, February 4th. The real estate investment trust reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.16. Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. As a group, equities research analysts anticipate that Brandywine Realty Trust will post 0.91 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Brandywine Realty Trust

Large investors have recently added to or reduced their stakes in the business. Sei Investments Co. purchased a new position in Brandywine Realty Trust in the 2nd quarter worth approximately $48,000. The Manufacturers Life Insurance Company increased its position in shares of Brandywine Realty Trust by 6.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,866 shares of the real estate investment trust’s stock valued at $295,000 after purchasing an additional 4,249 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Brandywine Realty Trust by 210.0% during the 3rd quarter. SG Americas Securities LLC now owns 39,458 shares of the real estate investment trust’s stock valued at $215,000 after buying an additional 26,730 shares in the last quarter. CWM LLC lifted its position in Brandywine Realty Trust by 10.8% in the 3rd quarter. CWM LLC now owns 26,063 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 2,540 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. purchased a new stake in Brandywine Realty Trust in the third quarter worth approximately $113,000. 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.