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

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

Other equities 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, October 8th. Truist Financial lowered shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $5.00 to $4.00 in a research note on Tuesday, September 16th. Evercore ISI decreased their price objective on shares of Brandywine Realty Trust from $5.00 to $4.00 and set an “in-line” rating for the company in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of Brandywine Realty Trust in a research note on Monday, November 24th. Two research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Brandywine Realty Trust currently has an average rating of “Reduce” and an average target price of $4.00.

Brandywine Realty Trust Price Performance

NYSE BDN opened at $3.45 on Friday. The company has a 50 day moving average price of $3.70 and a two-hundred day moving average price of $4.05. The stock has a market capitalization of $598.39 million, a PE ratio of -3.22 and a beta of 1.42. Brandywine Realty Trust has a 12-month low of $3.23 and a 12-month high of $5.90. 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 posted 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). Brandywine Realty Trust had a negative return on equity of 19.55% and a negative net margin of 38.03%.The company had revenue of $121.42 million during the quarter, compared to the consensus estimate of $119.11 million. As a group, equities analysts predict 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 value of $80,469.30. Following the completion of the transaction, the director owned 128,672 shares in the company, valued at $446,491.84. This represents a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Gerard H. Sweeney acquired 88,500 shares of the stock in a transaction dated Monday, November 10th. The shares were bought at an average cost of $3.38 per share, with a total value of $299,130.00. Following the transaction, the chief executive officer directly owned 3,042,210 shares of the company’s stock, valued at $10,282,669.80. This represents a 3.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 3.30% of the company’s stock.

Institutional Trading of Brandywine Realty Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. CIBC Bancorp USA Inc. acquired a new position in shares of Brandywine Realty Trust during the third quarter worth about $77,000. Advisory Services Network LLC acquired a new stake in Brandywine Realty Trust in the 3rd quarter valued at approximately $34,000. CANADA LIFE ASSURANCE Co lifted its stake in Brandywine Realty Trust by 4.8% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 481,901 shares of the real estate investment trust’s stock valued at $2,023,000 after acquiring an additional 22,245 shares in the last quarter. Caxton Associates LLP boosted its position in Brandywine Realty Trust by 34.2% during the 3rd quarter. Caxton Associates LLP now owns 646,914 shares of the real estate investment trust’s stock worth $2,698,000 after acquiring an additional 164,903 shares during the last quarter. Finally, PharVision Advisers LLC bought a new position in shares of Brandywine Realty Trust during the 3rd quarter worth approximately $414,000. Institutional investors and hedge funds own 87.27% of the company’s stock.

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.