StockNews.com Upgrades Brandywine Realty Trust (NYSE:BDN) to Hold

Brandywine Realty Trust (NYSE:BDN) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday.

Separately, Evercore ISI increased their price objective on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research note on Monday, September 16th.

Brandywine Realty Trust Stock Performance

Shares of BDN stock opened at $5.51 on Friday. The firm has a 50 day moving average of $5.51 and a 200-day moving average of $5.21. The company has a market cap of $951.39 million, a price-to-earnings ratio of -3.06 and a beta of 1.35. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.05. Brandywine Realty Trust has a 52 week low of $3.85 and a 52 week high of $6.54.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). The firm had revenue of $117.96 million during the quarter, compared to the consensus estimate of $120.00 million. Brandywine Realty Trust had a negative net margin of 60.08% and a negative return on equity of 24.59%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.29 earnings per share. On average, equities analysts forecast that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Hedge Funds Weigh In On Brandywine Realty Trust

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC grew its holdings in Brandywine Realty Trust by 6.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 42,613 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 2,404 shares during the last quarter. CWM LLC grew its stake in shares of Brandywine Realty Trust by 10.8% in the third quarter. CWM LLC now owns 26,063 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 2,540 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of Brandywine Realty Trust by 7.2% during the third quarter. First Trust Direct Indexing L.P. now owns 38,358 shares of the real estate investment trust’s stock valued at $209,000 after buying an additional 2,585 shares during the period. Presima Securities ULC increased its position in Brandywine Realty Trust by 1.1% during the 3rd quarter. Presima Securities ULC now owns 245,167 shares of the real estate investment trust’s stock valued at $1,334,000 after purchasing an additional 2,700 shares during the period. Finally, Van ECK Associates Corp raised its holdings in Brandywine Realty Trust by 10.0% in the 3rd quarter. Van ECK Associates Corp now owns 32,987 shares of the real estate investment trust’s stock worth $179,000 after purchasing an additional 2,986 shares in the last quarter. 87.27% of the stock is currently owned by institutional investors.

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.