Brandywine Realty Trust (NYSE:BDN) Lowered to “Sell” Rating by StockNews.com

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

Separately, Evercore ISI dropped their price objective on shares of Brandywine Realty Trust from $6.00 to $5.00 and set an “in-line” rating for the company in a report on Thursday, February 6th.

Brandywine Realty Trust Price Performance

Shares of BDN opened at $3.95 on Thursday. 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 $683.50 million, a PE ratio of -3.46 and a beta of 1.32. The firm has a 50-day simple moving average of $4.28 and a two-hundred day simple moving average of $5.03. The company has a debt-to-equity ratio of 2.12, a current ratio of 2.26 and a quick ratio of 1.74.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Tuesday, April 22nd. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $114.43 million for the quarter, compared to analyst estimates of $119.45 million. Brandywine Realty Trust had a negative net margin of 38.46% and a negative return on equity of 16.40%. As a group, analysts forecast that Brandywine Realty Trust will post 0.66 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Brandywine Realty Trust by 5.4% in the fourth quarter. Vanguard Group Inc. now owns 28,503,532 shares of the real estate investment trust’s stock worth $159,620,000 after acquiring an additional 1,459,236 shares during the last quarter. Yeomans Consulting Group Inc. purchased a new stake in shares of Brandywine Realty Trust during the 4th quarter worth approximately $16,617,000. Invesco Ltd. lifted its position in shares of Brandywine Realty Trust by 193.7% during the 4th quarter. Invesco Ltd. now owns 2,812,200 shares of the real estate investment trust’s stock worth $15,748,000 after buying an additional 1,854,749 shares during the last quarter. Millennium Management LLC lifted its position in shares of Brandywine Realty Trust by 91.2% during 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 buying an additional 1,261,752 shares during the last quarter. Finally, Kawa Capital Management Inc purchased a new stake in shares of Brandywine Realty Trust during the 4th quarter worth approximately $14,713,000. Hedge funds and other 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.