Brandywine Realty Trust (NYSE:BDN) Price Target Increased to $6.00 by Analysts at Evercore ISI

Brandywine Realty Trust (NYSE:BDN) had its price target lifted by Evercore ISI from $5.50 to $6.00 in a research report sent to investors on Monday morning, Benzinga reports. They currently have an in-line rating on the real estate investment trust’s stock.

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

Brandywine Realty Trust Price Performance

BDN stock opened at $5.40 on Monday. The company has a 50 day simple moving average of $5.00 and a 200 day simple moving average of $4.70. The stock has a market cap of $929.40 million, a price-to-earnings ratio of -4.43 and a beta of 1.33. Brandywine Realty Trust has a 1 year low of $3.62 and a 1 year high of $5.67. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.07 and a quick ratio of 2.07.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data 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 company had revenue of $125.30 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.29 earnings per share. Research analysts anticipate that Brandywine Realty Trust will post 0.93 EPS for the current fiscal year.

Institutional Trading of Brandywine Realty Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in Brandywine Realty Trust by 2.4% in the first quarter. Vanguard Group Inc. now owns 28,280,532 shares of the real estate investment trust’s stock valued at $135,747,000 after purchasing an additional 651,299 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in Brandywine Realty Trust by 11.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,213,563 shares of the real estate investment trust’s stock valued at $28,153,000 after purchasing an additional 540,658 shares during the period. Dimensional Fund Advisors LP increased its holdings in Brandywine Realty Trust by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,644,476 shares of the real estate investment trust’s stock valued at $11,847,000 after purchasing an additional 91,852 shares during the period. Point72 Asset Management L.P. grew its holdings in Brandywine Realty Trust by 7,435.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 2,087,242 shares of the real estate investment trust’s stock worth $9,351,000 after acquiring an additional 2,059,542 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Brandywine Realty Trust by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,752,578 shares of the real estate investment trust’s stock worth $7,852,000 after acquiring an additional 8,884 shares during the period. 87.27% of the stock is currently owned by institutional investors and hedge funds.

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.