Brandywine Realty Trust (NYSE:BDN) Issues Earnings Results

Brandywine Realty Trust (NYSE:BDN) announced its 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 for the quarter, compared to the consensus estimate of $122.83 million. Brandywine Realty Trust had a negative return on equity of 13.15% and a negative net margin of 38.24%. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.29 EPS.

Brandywine Realty Trust Price Performance

Shares of NYSE:BDN opened at $4.28 on Thursday. The business’s fifty day moving average price is $4.36 and its two-hundred day moving average price is $4.52. Brandywine Realty Trust has a fifty-two week low of $3.42 and a fifty-two week high of $5.67. The company has a current ratio of 2.15, a quick ratio of 2.15 and a debt-to-equity ratio of 1.62.

Brandywine Realty Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 14.02%. The ex-dividend date of this dividend is Wednesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is -52.17%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. StockNews.com lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Truist Financial cut their price target on Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating for the company in a report on Tuesday, February 13th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Brandywine Realty Trust in a report on Tuesday, January 30th. They set a “hold” rating and a $5.50 price target for the company. One 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 MarketBeat.com, Brandywine Realty Trust presently has a consensus rating of “Hold” and a consensus target price of $5.63.

Hedge Funds Weigh In On Brandywine Realty Trust

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

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.