Brandywine Realty Trust (NYSE:BDN) Announces 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 analysts’ consensus estimates of $0.24 by ($0.34), Yahoo Finance reports. The business 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 for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.29 earnings per share.

Brandywine Realty Trust Trading Up 3.3 %

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

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 issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 13.70%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -49.18%.

Institutional Trading of Brandywine Realty Trust

A number of large investors have recently modified their holdings of BDN. Citigroup Inc. increased its holdings in shares of Brandywine Realty Trust by 17.1% in the 1st quarter. Citigroup Inc. now owns 294,304 shares of the real estate investment trust’s stock worth $4,161,000 after acquiring an additional 42,928 shares during the period. Natixis Advisors L.P. increased its holdings in shares of Brandywine Realty Trust by 23.0% in the 1st quarter. Natixis Advisors L.P. now owns 42,369 shares of the real estate investment trust’s stock worth $599,000 after acquiring an additional 7,935 shares during the period. Bank of Montreal Can increased its holdings in shares of Brandywine Realty Trust by 15.1% in the 1st quarter. Bank of Montreal Can now owns 60,243 shares of the real estate investment trust’s stock worth $866,000 after acquiring an additional 7,924 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Brandywine Realty Trust by 55.1% in the 1st quarter. MetLife Investment Management LLC now owns 90,395 shares of the real estate investment trust’s stock worth $1,278,000 after acquiring an additional 32,106 shares during the period. Finally, Rhumbline Advisers increased its holdings in shares of Brandywine Realty Trust by 0.6% in the 1st quarter. Rhumbline Advisers now owns 510,543 shares of the real estate investment trust’s stock worth $7,219,000 after acquiring an additional 3,250 shares during the period. Institutional investors and hedge funds own 87.27% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BDN. Truist Financial lowered their price target on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. Deutsche Bank Aktiengesellschaft started coverage on shares of Brandywine Realty Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $5.50 price target 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 research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Brandywine Realty Trust has an average rating of “Hold” and a consensus target price of $5.63.

Brandywine Realty Trust Company Profile

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.