Brandywine Realty Trust (NYSE:BDN) Shares Gap Down Following Analyst Downgrade

Shares of Brandywine Realty Trust (NYSE:BDN) gapped down before the market opened on Tuesday after Truist Financial downgraded the stock from a buy rating to a hold rating. The stock had previously closed at $4.58, but opened at $4.45. Truist Financial now has a $4.00 price target on the stock, down from their previous price target of $5.00. Brandywine Realty Trust shares last traded at $4.44, with a volume of 242,625 shares traded.

Separately, Wall Street Zen upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $4.50.

Institutional Trading of Brandywine Realty Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Invesco Ltd. raised its holdings in shares of Brandywine Realty Trust by 30.4% in the 2nd quarter. Invesco Ltd. now owns 4,547,731 shares of the real estate investment trust’s stock worth $19,510,000 after purchasing an additional 1,059,054 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Brandywine Realty Trust by 1.8% during the second quarter. Geode Capital Management LLC now owns 4,542,328 shares of the real estate investment trust’s stock valued at $19,488,000 after acquiring an additional 81,594 shares during the period. Kawa Capital Management Inc raised its holdings in shares of Brandywine Realty Trust by 16.7% during the second quarter. Kawa Capital Management Inc now owns 3,500,000 shares of the real estate investment trust’s stock valued at $15,015,000 after acquiring an additional 500,000 shares during the period. Penn Capital Management Company LLC raised its holdings in shares of Brandywine Realty Trust by 12.6% during the first quarter. Penn Capital Management Company LLC now owns 2,675,294 shares of the real estate investment trust’s stock valued at $11,954,000 after acquiring an additional 300,351 shares during the period. Finally, Millennium Management LLC raised its holdings in shares of Brandywine Realty Trust by 91.2% during the fourth quarter. Millennium Management LLC now owns 2,644,898 shares of the real estate investment trust’s stock valued at $14,811,000 after acquiring an additional 1,261,752 shares during the period. 87.27% of the stock is currently owned by institutional investors.

Brandywine Realty Trust Price Performance

The stock’s fifty day moving average price is $4.17 and its 200-day moving average price is $4.22. The company has a debt-to-equity ratio of 2.61, a current ratio of 2.97 and a quick ratio of 2.97. The firm has a market cap of $781.65 million, a price-to-earnings ratio of -2.39 and a beta of 1.46.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Wednesday, July 23rd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.02). Brandywine Realty Trust had a negative net margin of 65.33% and a negative return on equity of 32.12%. The firm had revenue of $114.20 million for the quarter, compared to analyst estimates of $120.66 million. Brandywine Realty Trust has set its FY 2025 guidance at 0.600-0.660 EPS. Equities research analysts predict that Brandywine Realty Trust will post 0.66 EPS for the current fiscal year.

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.