Brandywine Realty Trust (NYSE:BDN – Get Free Report) had its price objective lowered by research analysts at Truist Financial from $7.00 to $6.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Truist Financial’s target price would indicate a potential upside of 43.71% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on the company. StockNews.com downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft began coverage on Brandywine Realty Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $5.50 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $5.65.
Get Our Latest Stock Report on Brandywine Realty Trust
Brandywine Realty Trust Trading Up 1.3 %
Shares of BDN stock opened at $4.18 on Tuesday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.01 and a current ratio of 2.15. Brandywine Realty Trust has a 52-week low of $3.42 and a 52-week high of $6.74. The company has a market capitalization of $718.52 million, a PE ratio of -3.63 and a beta of 1.29. The business’s fifty day moving average is $5.06 and its 200 day moving average is $4.66.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in BDN. Fifth Third Bancorp grew its stake in shares of Brandywine Realty Trust by 544.8% during the second quarter. Fifth Third Bancorp now owns 7,396 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 6,249 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Brandywine Realty Trust by 1,832.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,484,966 shares of the real estate investment trust’s stock valued at $6,742,000 after acquiring an additional 1,408,138 shares in the last quarter. JPMorgan Chase & Co. grew its position in Brandywine Realty Trust by 105.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,628,459 shares of the real estate investment trust’s stock worth $58,722,000 after purchasing an additional 6,487,744 shares during the period. Citigroup Inc. grew its position in Brandywine Realty Trust by 365.6% in the 2nd quarter. Citigroup Inc. now owns 400,172 shares of the real estate investment trust’s stock worth $1,861,000 after purchasing an additional 314,221 shares during the period. Finally, Verus Financial Partners Inc. grew its position in Brandywine Realty Trust by 24.5% in the 3rd quarter. Verus Financial Partners Inc. now owns 158,350 shares of the real estate investment trust’s stock worth $719,000 after purchasing an additional 31,159 shares during the period. Institutional investors own 92.53% of the company’s stock.
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.
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