Evercore ISI Has Lowered Expectations for Brandywine Realty Trust (NYSE:BDN) Stock Price

Brandywine Realty Trust (NYSE:BDN) had its target price cut by stock analysts at Evercore ISI from $5.00 to $4.00 in a report issued on Friday, MarketBeat reports. The firm currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target suggests a potential upside of 14.12% from the company’s previous close.

BDN has been the topic of a number of other reports. Wall Street Zen cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, October 25th. Truist Financial downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $5.00 to $4.00 in a report on Tuesday, September 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average price target of $4.00.

Brandywine Realty Trust Price Performance

Shares of NYSE BDN opened at $3.51 on Friday. Brandywine Realty Trust has a twelve month low of $3.23 and a twelve month high of $5.90. The stock’s 50 day moving average price is $3.91 and its 200-day moving average price is $4.10. The company has a market capitalization of $608.81 million, a PE ratio of -3.28 and a beta of 1.42. The company has a quick ratio of 2.97, a current ratio of 2.14 and a debt-to-equity ratio of 2.68.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Brandywine Realty Trust had a negative net margin of 38.03% and a negative return on equity of 19.55%. The business had revenue of $121.42 million for the quarter, compared to analysts’ expectations of $119.11 million. On average, equities analysts anticipate that Brandywine Realty Trust will post 0.66 EPS for the current year.

Insider Activity

In other news, Director James C. Diggs sold 23,190 shares of the firm’s stock in a transaction that occurred on Thursday, October 30th. The shares were sold at an average price of $3.47, for a total value of $80,469.30. Following the completion of the transaction, the director directly owned 128,672 shares in the company, valued at approximately $446,491.84. This trade represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gerard H. Sweeney acquired 88,500 shares of the business’s stock in a transaction dated Monday, November 10th. The stock was purchased at an average price of $3.38 per share, with a total value of $299,130.00. Following the completion of the transaction, the chief executive officer directly owned 3,042,210 shares of the company’s stock, valued at $10,282,669.80. This trade represents a 3.00% increase in their position. The SEC filing for this purchase provides additional information. 3.30% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in BDN. FJ Capital Management LLC bought a new position in shares of Brandywine Realty Trust in the third quarter worth $114,000. 17 Capital Partners LLC increased its stake in Brandywine Realty Trust by 12.8% in the 3rd quarter. 17 Capital Partners LLC now owns 32,429 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 3,679 shares during the last quarter. Amundi raised its holdings in shares of Brandywine Realty Trust by 3.3% in the 3rd quarter. Amundi now owns 115,635 shares of the real estate investment trust’s stock valued at $459,000 after acquiring an additional 3,653 shares in the last quarter. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Brandywine Realty Trust in the third quarter worth approximately $6,542,000. Finally, California State Teachers Retirement System increased its position in shares of Brandywine Realty Trust by 16.1% in the third quarter. California State Teachers Retirement System now owns 187,092 shares of the real estate investment trust’s stock worth $780,000 after purchasing an additional 25,960 shares during the last quarter. 87.27% of the stock is currently owned by hedge funds and other 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.