Wall Street Zen Upgrades Brandywine Realty Trust (NYSE:BDN) to Hold

Brandywine Realty Trust (NYSE:BDN - Get Free Report) was upgraded by analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

Other research analysts have also recently issued reports about the stock. Truist Financial cut shares of Brandywine Realty Trust from a "buy" rating to a "hold" rating and decreased their target price for the stock from $5.00 to $4.00 in a report on Tuesday, September 16th. Evercore ISI cut their price target on shares of Brandywine Realty Trust from $5.00 to $4.00 and set an "in-line" rating on the stock in a report on Friday. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Brandywine Realty Trust presently has a consensus rating of "Reduce" and an average target price of $4.00.

Get Our Latest Stock Analysis on Brandywine Realty Trust

Brandywine Realty Trust Stock Up 1.0%

Shares of Brandywine Realty Trust stock opened at $3.51 on Friday. The firm has a market cap of $608.81 million, a P/E ratio of -3.28 and a beta of 1.42. The business has a 50-day moving average price of $3.91 and a 200 day moving average price of $4.10. 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 has a fifty-two week low of $3.23 and a fifty-two week high of $5.90.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) last announced its quarterly earnings results on Thursday, October 23rd. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The company had revenue of $121.42 million during the quarter, compared to the consensus estimate of $119.11 million. Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%. On average, sell-side analysts forecast that Brandywine Realty Trust will post 0.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director James C. Diggs sold 23,190 shares of the company'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 transaction of $80,469.30. Following the completion of the sale, the director owned 128,672 shares of the company's stock, valued at approximately $446,491.84. This represents a 15.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Gerard H. Sweeney purchased 88,500 shares of the firm's stock in a transaction that occurred on Monday, November 10th. The shares were bought at an average cost of $3.38 per share, for a total transaction of $299,130.00. Following the completion of the acquisition, the chief executive officer directly owned 3,042,210 shares in the company, valued at $10,282,669.80. The trade was a 3.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.30% of the company's stock.

Hedge Funds Weigh In On Brandywine Realty Trust

Institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC acquired a new position in shares of Brandywine Realty Trust during the first quarter valued at about $27,000. Ballentine Partners LLC purchased a new position in Brandywine Realty Trust in the 3rd quarter valued at approximately $55,000. US Bancorp DE raised its stake in shares of Brandywine Realty Trust by 135.0% during the 1st quarter. US Bancorp DE now owns 13,273 shares of the real estate investment trust's stock valued at $59,000 after purchasing an additional 7,624 shares during the period. Coldstream Capital Management Inc. lifted its holdings in shares of Brandywine Realty Trust by 48.5% in the second quarter. Coldstream Capital Management Inc. now owns 14,042 shares of the real estate investment trust's stock worth $60,000 after buying an additional 4,588 shares in the last quarter. Finally, Creative Planning grew its position in shares of Brandywine Realty Trust by 23.9% during the 2nd quarter. Creative Planning now owns 14,244 shares of the real estate investment trust's stock valued at $61,000 after purchasing an additional 2,749 shares in the last quarter. 87.27% of the stock is owned by institutional investors and hedge funds.

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.

Featured Stories

• Five stocks we like better than Brandywine Realty Trust
• Mastering Discipline: Overcoming Emotional Challenges In Trading
• Are These 3 Oversold Tech Giants Ready to Rebound?
• How to Most Effectively Use the MarketBeat Earnings Screener
• If You Wait for the Dip, Micron Technology Could Leave You Behind
• What is a Death Cross in Stocks?
• 3 Stocks Quietly Powering the AI and Tech Revolution

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Brandywine Realty Trust Right Now?

Before you consider Brandywine Realty Trust, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Brandywine Realty Trust wasn't on the list.

While Brandywine Realty Trust currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here