Brandywine Realty Trust (NYSE:BDN) Announces Quarterly Earnings Results, Misses Expectations By $0.34 EPS

Brandywine Realty Trust (NYSE:BDN) posted its quarterly earnings data on Thursday. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.34), Yahoo Finance reports. Brandywine Realty Trust had a negative return on equity of 14.62% and a negative net margin of 40.61%. The firm had revenue of $126.50 million for the quarter, compared to analysts’ expectations of $122.83 million. During the same period in the previous year, the firm earned $0.29 earnings per share. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year.

Brandywine Realty Trust Stock Up 3.3 %

NYSE BDN opened at $4.38 on Friday. Brandywine Realty Trust has a 52-week low of $3.42 and a 52-week high of $5.67. The company has a current ratio of 2.21, a quick ratio of 2.15 and a debt-to-equity ratio of 1.69. The firm’s 50 day moving average price is $4.36 and its 200-day moving average price is $4.51.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 13.70%. Brandywine Realty Trust’s payout ratio is presently -49.18%.

Institutional Trading of Brandywine Realty Trust

Hedge funds have recently bought and sold shares of the stock. State of Wyoming raised its position in shares of Brandywine Realty Trust by 49.2% in the 2nd quarter. State of Wyoming now owns 7,031 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 2,320 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in Brandywine Realty Trust by 86.0% in the third quarter. Tower Research Capital LLC TRC now owns 7,092 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 3,279 shares in the last quarter. Point72 Middle East FZE bought a new position in Brandywine Realty Trust in the fourth quarter worth about $51,000. Sei Investments Co. purchased a new stake in shares of Brandywine Realty Trust during the first quarter valued at about $49,000. Finally, Pathstone Family Office LLC bought a new stake in shares of Brandywine Realty Trust in the 4th quarter valued at about $64,000. Hedge funds and other institutional investors own 87.27% of the company’s stock.

Wall Street Analysts Forecast Growth

BDN has been the topic of a number of analyst reports. Truist Financial cut their target price on Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a research note on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of Brandywine Realty Trust in a research report on Tuesday, January 30th. They set a “hold” rating and a $5.50 target price on the stock. Finally, StockNews.com lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.63.

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.