Brandywine Realty Trust down after J.P. Morgan downgrades to 'underweight'

Shares of Brandywine Realty Trust BDN.N down about 4% at $3.33 in morning trading

J.P. Morgan downgrades to "underweight" from "neutral" rating

Brokerage says co to face large move-out of IBM in Austin in the coming years

Company's balance sheet is stretched and larger development projects have been challenged on the leasing side - JPM

Brokerage says it doesn’t have conviction around when the catalysts will emerge to turn some of the challenges around

Two out of six brokerages rate the stock sell or higher, three hold; median PT is $5 - data compiled by LSEG

As of last close, stock down 40% YTD