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Thursday, September 28, 2023

Brandywine Realty Trust (NYSE:BDN) is Waving the Bear Flag

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Brandywine Realty Trust (BDN) shares are trading at lower $11.72 and the avg recommendation for the stock is Hold, while the current analyst price target stands at $11.50.

To add more color to this target, the company’s high over the last year is $16.25 and the low is $7.48. Over the last 52 weeks, BDN is down -23.95% while the S&P 500 is up 17.22%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, BDN reported a profit of $298.41 million. Brandywine Realty Trust also saw revenues increase to $126.11 million. In addition, BDN has free cash flow of $25.67 million as of 09-2020. The company’s EBITDA came in at $343.43 million which compares well with its peers.

BDN booked profit margins of 54.60%, its Return on Equity (ROE) is 18.30%, and its Return on Assets is 7.50%. All told, it is clear that, BDN needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. BDN has a short ratio of 3.60 and outstanding shares of 170.57M.

Company Outlook

BDN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.36 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.77. Investors should also keep an eye on sector updates as BDN has historically followed its peers on positive news.

All told, Brandywine Realty Trust BDN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, BDN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Brandywine Realty Trust BDN is now commanding a market cap of 1.95B and a float of 168.14M. BDN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of BDN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in BDN, either long or short, and we have not been compensated for this article.

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