Brandywine Realty Trust (NYSE:BDN) Issues Earnings Results

Brandywine Realty Trust (NYSE:BDN) posted its quarterly earnings data on Wednesday. The real estate investment trust reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.31, Zacks reports. Brandywine Realty Trust had a negative net margin of 28.62% and a negative return on equity of 18.52%.

Brandywine Realty Trust Stock Up 1.3%

BDN stock traded up $0.04 during mid-day trading on Wednesday, hitting $2.71. 5,399,617 shares of the company were exchanged, compared to its average volume of 2,459,875. The company has a market capitalization of $473.98 million, a PE ratio of -3.31 and a beta of 1.32. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 3.76. Brandywine Realty Trust has a twelve month low of $2.47 and a twelve month high of $3.89. The firm has a fifty day simple moving average of $2.92 and a 200 day simple moving average of $3.00.

Brandywine Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 11.8%. The ex-dividend date of this dividend is Thursday, October 8th. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently -39.02%.

Insider Buying and Selling at Brandywine Realty Trust

In related news, CEO Gerard Sweeney bought 33,900 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were acquired at an average price of $2.96 per share, for a total transaction of $100,344.00. Following the purchase, the chief executive officer owned 4,207,691 shares in the company, valued at $12,454,765.36. This trade represents a 0.81% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on BDN shares. Wall Street Zen upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research note on Tuesday, October 13th. Three equities research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $3.50.

About Brandywine Realty Trust

Brandywine Realty Trust is a self-administered and self-managed real estate investment trust that owns, develops, leases and manages office, mixed-use and other commercial properties. The company focuses on well-located properties in urban, town-center and suburban settings, offering workspace, retail, residential and hospitality components within selected developments.

Brandywine’s principal concentration is the Philadelphia region, including Philadelphia and surrounding communities in Pennsylvania and New Jersey.