Brandywine Realty Trust (NYSE:BDN) Rating Lowered to Sell at Wall Street Zen

Brandywine Realty Trust (NYSE:BDN) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Other equities research analysts have also issued reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Wednesday. Truist Financial reaffirmed a “hold” rating and issued a $3.00 price target (down from $3.50) on shares of Brandywine Realty Trust in a report on Monday, April 27th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Brandywine Realty Trust has a consensus rating of “Reduce” and a consensus target price of $3.50.

Brandywine Realty Trust Stock Performance

NYSE:BDN opened at $3.15 on Friday. The company has a market cap of $546.32 million, a P/E ratio of -2.73 and a beta of 1.29. Brandywine Realty Trust has a twelve month low of $2.47 and a twelve month high of $4.63. The company’s 50-day moving average price is $3.12 and its 200-day moving average price is $3.01. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 3.55.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Thursday, April 23rd. The real estate investment trust reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.10). The business had revenue of $127.00 million for the quarter, compared to analysts’ expectations of $110.27 million. Brandywine Realty Trust had a negative net margin of 40.79% and a negative return on equity of 24.45%. On average, sell-side analysts forecast that Brandywine Realty Trust will post 0.56 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brandywine Realty Trust

A number of institutional investors have recently bought and sold shares of BDN. LM Asset Management Inc. acquired a new position in Brandywine Realty Trust in the 4th quarter valued at about $7,826,000. Goldman Sachs Group Inc. increased its holdings in shares of Brandywine Realty Trust by 171.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,925,736 shares of the real estate investment trust’s stock worth $8,543,000 after buying an additional 1,849,532 shares during the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in shares of Brandywine Realty Trust during the 3rd quarter worth approximately $6,542,000. Verition Fund Management LLC increased its holdings in shares of Brandywine Realty Trust by 2,395.1% during the 3rd quarter. Verition Fund Management LLC now owns 1,280,968 shares of the real estate investment trust’s stock worth $5,342,000 after buying an additional 1,229,628 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Brandywine Realty Trust by 30.4% during the 2nd quarter. Invesco Ltd. now owns 4,547,731 shares of the real estate investment trust’s stock valued at $19,510,000 after buying an additional 1,059,054 shares during the period. 87.27% of the stock is owned by hedge funds and other institutional investors.

About Brandywine Realty Trust

Brandywine Realty Trust (NYSE: BDN) is an internally managed real estate investment trust (REIT) specializing in the acquisition, development, and management of office and mixed-use properties. Headquartered in Radnor, Pennsylvania, the company focuses on creating high‐quality, transit‐oriented workplaces that meet evolving tenant demands for sustainability, technological connectivity, and flexible design. Brandywine’s portfolio emphasizes Class A office space, often integrated with retail, residential or hospitality components to foster vibrant, live‐work‐play environments.

Since its founding in 1994, Brandywine has executed a strategy of disciplined property investment and targeted development.