Growth Story Still Intact For Brandywine Realty Trust (BDN)

Brandywine Realty Trust (BDN) concluded trading on Wednesday at a closing price of $4.63, with 3.41 million shares of worth about $15.77 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -14.73% during that period and on Wednesday the price saw a gain of about 0.65%. Currently the company’s common shares owned by public are about 172.67M shares, out of which, 166.98M shares are available for trading.

Stock saw a price change of 1.98% in past 5 days and over the past one month there was a price change of -5.51%. Year-to-date (YTD), BDN shares are showing a performance of -17.32% which increased to 5.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $4.16 but also hit the highest price of $6.54 during that period. The average intraday trading volume for Brandywine Realty Trust shares is 2.38 million. The stock is currently trading -1.80% below its 20-day simple moving average (SMA20), while that difference is down -7.21% for SMA50 and it goes to -9.83% lower than SMA200.

Brandywine Realty Trust (NYSE: BDN) currently have 172.67M outstanding shares and institutions hold larger chunk of about 91.23% of that.

The stock has a current market capitalization of $803.71M and its 3Y-monthly beta is at 1.29. It has posted earnings per share of -$1.14 in the same period. It has a debt-to-equity ratio of 2.16. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for BDN, volatility over the week remained 3.00% while standing at 3.22% over the month.

Stock’s fiscal year EPS is expected to rise by 42.34% while it is estimated to increase by 3.56% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Deutsche Bank on January 30, 2024 offering a Hold rating for the stock and assigned a target price of $5.50 to it. Coverage by KeyBanc Capital Markets stated Brandywine Realty Trust (BDN) stock as an Overweight in their note to investors on September 12, 2023, suggesting a price target of $6 for the stock. On December 14, 2022, Citigroup Downgrade their recommendations, while on September 14, 2022, Truist Upgrade their ratings for the stock with a price target of $11. Stock get a Neutral rating from Credit Suisse on June 23, 2022.

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