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

Brandywine Realty Trust (NYSE:BDN) had its target price raised by Evercore ISI from $5.50 to $6.00 in a report published on Monday morning, Benzinga reports. Evercore ISI currently has 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 research report on Thursday, July 25th.

Brandywine Realty Trust Stock Performance

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

Brandywine Realty Trust (NYSE:BDN) last issued its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.05). The firm had revenue of $125.30 million during the quarter, compared to analyst estimates of $119.47 million. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.29 earnings per share. As a group, analysts anticipate that Brandywine Realty Trust will post 0.93 EPS for the current year.

Hedge Funds Weigh In On Brandywine Realty Trust

Hedge funds have recently modified their holdings of the company. Point72 DIFC Ltd bought a new position in shares of Brandywine Realty Trust during the 2nd quarter worth approximately $27,000. Sei Investments Co. bought a new position in shares of Brandywine Realty Trust during the 2nd quarter worth approximately $48,000. Simplicity Wealth LLC bought a new position in shares of Brandywine Realty Trust during the 1st quarter worth approximately $50,000. EverSource Wealth Advisors LLC lifted its position in shares of Brandywine Realty Trust by 381.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 9,753 shares in the last quarter. Finally, Bayesian Capital Management LP bought a new position in shares of Brandywine Realty Trust during the 1st quarter worth approximately $56,000. Institutional investors 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.