Evercore ISI Increases Brandywine Realty Trust (NYSE:BDN) Price Target to $6.00

Brandywine Realty Trust (NYSE:BDN) had its price objective raised by equities researchers at Evercore ISI from $5.50 to $6.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target would suggest a potential upside of 11.52% from the stock’s current price.

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 Stock Down 0.9 %

BDN stock opened at $5.38 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 firm has a 50 day simple moving average of $4.96 and a 200-day simple moving average of $4.68. The company has a market capitalization of $926.82 million, a P/E ratio of -4.41 and a beta of 1.33. Brandywine Realty Trust has a twelve month low of $3.62 and a twelve month high of $5.67.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.05). Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The company had revenue of $125.30 million during the quarter, compared to the consensus estimate of $119.47 million. During the same period in the previous year, the firm posted $0.29 EPS. Brandywine Realty Trust’s revenue for the quarter was down .5% on a year-over-year basis. On average, equities research analysts predict that Brandywine Realty Trust will post 0.93 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Brandywine Realty Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 DIFC Ltd bought a new stake in Brandywine Realty Trust during the 2nd quarter valued at $27,000. Sei Investments Co. bought a new stake in shares of Brandywine Realty Trust during the second quarter valued at about $48,000. Simplicity Wealth LLC acquired a new stake in Brandywine Realty Trust in the first quarter worth about $50,000. EverSource Wealth Advisors LLC lifted its holdings in Brandywine Realty Trust by 381.7% in the second quarter. EverSource Wealth Advisors LLC now owns 12,308 shares of the real estate investment trust’s stock worth $55,000 after purchasing an additional 9,753 shares during the period. Finally, Bayesian Capital Management LP bought a new position in Brandywine Realty Trust in the 1st quarter valued at about $56,000. 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.