Brandywine Realty Trust (NYSE:BDN – Get Free Report) announced its quarterly earnings results on Thursday. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.34), Yahoo Finance reports. The company had revenue of $126.50 million during the quarter, compared to analyst estimates of $122.83 million. Brandywine Realty Trust had a negative net margin of 40.61% and a negative return on equity of 14.62%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.29 earnings per share.
Brandywine Realty Trust Stock Up 3.3 %
NYSE BDN opened at $4.38 on Friday. The business has a fifty day moving average price of $4.36 and a 200 day moving average price of $4.51. Brandywine Realty Trust has a one year low of $3.42 and a one year high of $5.67. The company has a debt-to-equity ratio of 1.69, a current ratio of 2.21 and a quick ratio of 2.15.
Brandywine Realty Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 13.70%. The ex-dividend date of this dividend was Wednesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio is currently -49.18%.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on BDN. StockNews.com downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Deutsche Bank Aktiengesellschaft began coverage on Brandywine Realty Trust in a research note on Tuesday, January 30th. They set a “hold” rating and a $5.50 target price for the company. Finally, Truist Financial reduced their target price on Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating for the company in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $5.63.
Get Our Latest Stock Analysis on Brandywine Realty Trust
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 160 properties and 22.6 million square feet as of September 30, 2023 which excludes assets held for sale.
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