Brandywine Realty Trust (NYSE:BDN – Get Free Report) 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
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.
Read Our Latest Stock Analysis on BDN
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.
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