Brandywine Realty Trust (NYSE:BDN) Given New $6.00 Price Target at Evercore ISI

Brandywine Realty Trust (NYSE:BDN) had its price objective boosted by equities researchers at Evercore ISI from $5.50 to $6.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective indicates a potential upside of 10.91% from the stock’s previous close.

Separately, StockNews.com raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th.

Brandywine Realty Trust Stock Up 0.9 %

Brandywine Realty Trust stock traded up $0.05 during mid-day trading on Monday, reaching $5.41. The stock had a trading volume of 300,982 shares, compared to its average volume of 1,738,945. The firm has a market capitalization of $931.99 million, a PE ratio of -4.47 and a beta of 1.33. Brandywine Realty Trust has a fifty-two week low of $3.62 and a fifty-two week high of $5.67. The stock’s 50-day simple moving average is $4.94 and its 200-day simple moving average is $4.68. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07.

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). The firm had revenue of $125.30 million during the quarter, compared to the consensus estimate of $119.47 million. Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. Brandywine Realty Trust’s revenue for the quarter was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. On average, sell-side analysts forecast that Brandywine Realty Trust will post 0.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Brandywine Realty Trust

Institutional investors have recently bought and sold shares of the stock. Point72 DIFC Ltd bought a new stake in shares of Brandywine Realty Trust in the 2nd quarter worth $27,000. Sei Investments Co. purchased a new position in Brandywine Realty Trust during the second quarter worth about $48,000. Simplicity Wealth LLC bought a new stake in Brandywine Realty Trust in the 1st quarter worth about $50,000. EverSource Wealth Advisors LLC increased its stake in Brandywine Realty Trust by 381.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 9,753 shares during the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Brandywine Realty Trust during the 1st quarter worth approximately $56,000. Institutional investors own 87.27% of the company’s stock.

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.