Evercore ISI Cuts Brandywine Realty (BDN) PT to $4.00 Amid Broader Caution on Office REITs

Brandywine Realty Trust (NYSE:BDN) is one of the best NYSE penny stocks to invest in right now. On November 14, Evercore ISI analyst Steve Sakwa reiterated a Hold rating on Brandywine Realty with a $4.00 price target.

On the same day, Evercore ISI lowered the firm’s price target on Brandywine Realty to $4 from $5 and kept an In Line rating on the shares. This change was made as a part of Evercore ISI’s cautious outlook on the overall office REITs. The analyst told investors that office REITs in West Coast markets are under particular pressure.

This sentiment comes despite the conclusion of Q3 2025 and expectations for solid leasing activity to continue into Q4 for the entire sector. In its Q3 earnings report, the company reported that the total leasing activity amounted to 343,000 square feet, comprising 164,000 square feet in its wholly owned portfolio and 179,000 square feet in JVs. Looking ahead, the company supports a strong leasing pipeline of 1.7 million square feet, including 72,000 square feet in advanced negotiations.

Brandywine Realty Trust (NYSE:BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the US with a focus in Philadelphia, PA, and Austin, TX.

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Disclosure: None. This article is originally published at Insider Monkey.