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

Brandywine Realty Trust (NYSE:BDN) announced its quarterly earnings data on Thursday. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.34), Yahoo Finance reports. Brandywine Realty Trust had a negative net margin of 40.61% and a negative return on equity of 14.62%. The business had revenue of $126.50 million during the quarter, compared to analyst estimates of $122.83 million. During the same quarter in the prior year, the company earned $0.29 earnings per share. The company’s quarterly revenue was down 2.1% on a year-over-year basis.

Brandywine Realty Trust Stock Performance

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

Brandywine Realty Trust Announces Dividend

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

Hedge Funds Weigh In On Brandywine Realty Trust

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Brandywine Realty Trust by 0.6% during the first quarter. BlackRock Inc. now owns 33,650,504 shares of the real estate investment trust’s stock worth $159,167,000 after purchasing an additional 196,064 shares during the period. Vanguard Group Inc. boosted its position in Brandywine Realty Trust by 2.1% during the third quarter. Vanguard Group Inc. now owns 29,343,033 shares of the real estate investment trust’s stock worth $198,066,000 after purchasing an additional 597,234 shares during the period. State Street Corp boosted its position in Brandywine Realty Trust by 3.4% during the second quarter. State Street Corp now owns 13,466,154 shares of the real estate investment trust’s stock worth $129,814,000 after purchasing an additional 442,963 shares during the period. JPMorgan Chase & Co. boosted its position in Brandywine Realty Trust by 7.6% during the first quarter. JPMorgan Chase & Co. now owns 6,140,715 shares of the real estate investment trust’s stock worth $29,044,000 after purchasing an additional 434,866 shares during the period. Finally, Millennium Management LLC boosted its position in Brandywine Realty Trust by 22.9% during the fourth quarter. Millennium Management LLC now owns 5,599,618 shares of the real estate investment trust’s stock worth $34,438,000 after purchasing an additional 1,041,781 shares during the period. Institutional investors own 87.27% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on BDN shares. Truist Financial cut their price objective on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brandywine Realty Trust in a research report on Tuesday, January 30th. They issued a “hold” rating and a $5.50 target price for the company. Finally, StockNews.com downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Brandywine Realty Trust currently has a consensus rating of “Hold” and an average target price 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.