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Brandywine Realty downgraded to Sell from Neutral at Citi
The Fly

Brandywine Realty downgraded to Sell from Neutral at Citi

Citi analyst Nicholas Joseph downgraded Brandywine Realty to Sell from Neutral with a price target of $5, down from $6.50. The analyst cites continued negative sentiment within the office real estate investment trust sector, development risks given Brandywine’s challenged cost of capital, elevated near term debt maturities that could weigh on growth, and the potential for a dividend reduction in the near term for the downgrade.

Published first on TheFly

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