Brandywine Realty Trust (NYSE:BDN) Announces Earnings Results

Brandywine Realty Trust (NYSE:BDN) 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

Several hedge funds have recently added to or reduced their stakes in BDN. Tower Research Capital LLC TRC raised its stake in Brandywine Realty Trust by 86.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,092 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 3,279 shares during the last quarter. State of Wyoming grew its holdings in 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 valued at $33,000 after buying an additional 2,320 shares in the last quarter. Sei Investments Co. purchased a new stake in Brandywine Realty Trust in the 1st quarter valued at $49,000. Point72 Middle East FZE purchased a new stake in Brandywine Realty Trust in the 4th quarter valued at $51,000. Finally, Profund Advisors LLC purchased a new stake in Brandywine Realty Trust in the 4th quarter valued at $63,000. 87.27% of the stock is owned by institutional investors and hedge funds.

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.

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.