Brandywine Realty Trust (NYSE:BDN) Posts Earnings Results, Misses Expectations By $0.34 EPS

Brandywine Realty Trust (NYSE:BDN) announced its earnings results 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. Brandywine Realty Trust had a negative net margin of 38.24% and a negative return on equity of 13.15%. The business had revenue of $126.50 million during the quarter, compared to analysts’ expectations of $122.83 million. During the same period in the previous year, the company posted $0.29 earnings per share. Brandywine Realty Trust’s quarterly revenue was down 2.1% on a year-over-year basis.

Brandywine Realty Trust Price Performance

Shares of Brandywine Realty Trust stock opened at $4.28 on Thursday. Brandywine Realty Trust has a 12-month low of $3.42 and a 12-month high of $5.67. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.62. The company has a 50-day moving average of $4.36 and a two-hundred day moving average of $4.52.

Brandywine Realty Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.60 annualized dividend and a yield of 14.02%. Brandywine Realty Trust’s dividend payout ratio is currently -52.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BDN shares. Truist Financial reduced their target price 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. StockNews.com cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. Finally, Deutsche Bank Aktiengesellschaft assumed 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. One equities 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. Based on data from MarketBeat, Brandywine Realty Trust presently has an average rating of “Hold” and an average target price of $5.63.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cerity Partners LLC purchased a new position in Brandywine Realty Trust in the fourth quarter valued at about $82,000. Brevan Howard Capital Management LP purchased a new position in Brandywine Realty Trust in the fourth quarter valued at about $79,000. CI Private Wealth LLC purchased a new position in Brandywine Realty Trust in the fourth quarter valued at about $77,000. Schonfeld Strategic Advisors LLC purchased a new position in Brandywine Realty Trust in the second quarter valued at about $72,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in Brandywine Realty Trust in the fourth quarter valued at about $70,000. 87.27% of the stock is owned by hedge funds and other institutional investors.

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.