UPDATE: ISI Group Raises PT to $13.50 on Brandywine Realty Trust on Lease-Up Outlook

ISI Group reiterated its Buy rating on Brandywine Realty Trust BDN and increased its price target from $13 to $13.50. ISI Group said, "In a flattish net absorption environment, BDN continues to benefit from tenants in its markets looking to trade up into higher quality buildings at comparable rents to their expiring rents. That said, tenants continue to have a protracted decision making timeline which is slowing down the pace of leasing. The DC market remains the softest market in the portfolio (concessions / net effective rents clearly lower), but it appears that activity remains better than originally projected in the Philadelphia markets and New Jersey/Delaware." Brandywine Realty Trust closed at $12.39 on Monday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: Analyst ColorPrice TargetIntraday UpdateAnalyst RatingsISI Group
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!