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

Brandywine Realty Trust (NYSE:BDN) issued its quarterly earnings results on Wednesday. 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 return on equity of 14.19% and a negative net margin of 40.61%. The company had revenue of $126.50 million during the quarter, compared to the consensus estimate of $122.83 million. During the same period in the previous year, the company earned $0.29 EPS. Brandywine Realty Trust’s quarterly revenue was down 2.1% on a year-over-year basis. Brandywine Realty Trust updated its FY24 guidance to $0.90-$0.97 EPS and its FY 2024 guidance to 0.900-0.970 EPS.

Brandywine Realty Trust Trading Up 3.3 %

Shares of NYSE:BDN traded up $0.14 on Friday, hitting $4.38. The company had a trading volume of 1,645,031 shares, compared to its average volume of 2,309,937. The firm’s 50-day simple moving average is $4.36 and its two-hundred day simple moving average is $4.51. Brandywine Realty Trust has a 1 year low of $3.42 and a 1 year 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 firm has a market capitalization of $754.54 million, a price-to-earnings ratio of -3.57 and a beta of 1.27.

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 given a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 13.70%. Brandywine Realty Trust’s dividend payout ratio is -49.18%.

Institutional Investors Weigh In On Brandywine Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of BDN. Tower Research Capital LLC TRC lifted its position in shares of Brandywine Realty Trust by 86.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 7,092 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 3,279 shares during the period. State of Wyoming increased its stake in shares of Brandywine Realty Trust by 49.2% in the 2nd quarter. State of Wyoming now owns 7,031 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 2,320 shares in the last quarter. Sei Investments Co. bought a new position in shares of Brandywine Realty Trust in the 1st quarter worth about $49,000. Point72 Middle East FZE bought a new position in shares of Brandywine Realty Trust in the 4th quarter worth about $51,000. Finally, Profund Advisors LLC bought a new position in shares of Brandywine Realty Trust in the 4th quarter worth about $63,000. 87.27% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BDN has been the subject of a number of research reports. StockNews.com cut shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, January 30th. Truist Financial dropped 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 research report on Tuesday, February 13th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Brandywine Realty Trust in a research 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 given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Brandywine Realty Trust presently 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.