Taking this into account, Deutsche Bank initiated its Brandywine Realty Trust [BDN] rating to a Hold in a research note published on January 30, 2024; the price target was $5.50. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. Citigroup also remained covering BDN and has decreased its forecast on December 14, 2022 with a “Sell” recommendation from previously “Neutral” rating. Truist revised its rating on September 14, 2022. It rated BDN as “a Buy” which previously was an “a Hold”.
Price Performance Review of BDN
On Tuesday, Brandywine Realty Trust [NYSE:BDN] saw its stock fall -3.06% to $5.39. Over the last five days, the stock has lost -1.82%. Brandywine Realty Trust shares have fallen nearly -3.75% since the year began. Nevertheless, the stocks have fallen -2.18% over the past one year. While a 52-week high of $6.54 was reached on 01/03/25, a 52-week low of $3.85 was recorded on 01/07/25. SMA at 50 days reached $5.47, while 200 days put it at $5.04.
Levels Of Support And Resistance For BDN Stock
The 24-hour chart illustrates a support level at 5.25, which if violated will result in even more drops to 5.12. On the upside, there is a resistance level at 5.58. A further resistance level may holdings at 5.78. The Relative Strength Index (RSI) on the 14-day chart is 43.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.27%. Stochastics %K at 44.95% indicates the stock is a holding.
How much short interest is there in Brandywine Realty Trust?
A steep rise in short interest was recorded in Brandywine Realty Trust stocks on 2024-12-13, dropping by -0.24 million shares to a total of 9.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 10.22 million shares. There was a decline of -2.38%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 23, 2022 when Credit Suisse began covering the stock and recommended ‘”a Neutral”‘ rating along with a $0 price target.
