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

Brandywine Realty Trust (NYSE:BDN) released its earnings results on Thursday. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.34), Yahoo Finance reports. The firm had revenue of $126.50 million during the quarter, compared to analysts’ expectations of $122.83 million. Brandywine Realty Trust had a negative return on equity of 14.62% and a negative net margin of 40.61%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 earnings per share.

Brandywine Realty Trust Price Performance

Shares of BDN 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 1 year low of $3.42 and a 1 year high of $5.67. The company has a 50 day simple moving average of $4.36 and a two-hundred day simple moving average of $4.51.

Brandywine Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 13.70%. The ex-dividend date of this dividend was Wednesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently -49.18%.

Institutional Investors Weigh In On Brandywine Realty Trust

Institutional investors have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC boosted its position in shares of Brandywine Realty Trust by 9.1% during the 1st quarter. Vident Investment Advisory LLC now owns 12,069 shares of the real estate investment trust’s stock valued at $170,000 after acquiring an additional 1,006 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Brandywine Realty Trust by 2.5% during the 4th quarter. The Manufacturers Life Insurance Company now owns 68,928 shares of the real estate investment trust’s stock valued at $424,000 after acquiring an additional 1,651 shares during the last quarter. Yousif Capital Management LLC boosted its position in shares of Brandywine Realty Trust by 1.2% during the 1st quarter. Yousif Capital Management LLC now owns 157,185 shares of the real estate investment trust’s stock valued at $2,223,000 after acquiring an additional 1,855 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Brandywine Realty Trust by 2.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 88,902 shares of the real estate investment trust’s stock valued at $547,000 after acquiring an additional 2,258 shares during the last quarter. Finally, State of Wyoming boosted its position in shares of Brandywine Realty Trust by 49.2% during the 2nd quarter. State of Wyoming now owns 7,031 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 2,320 shares during the last quarter. 87.27% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BDN shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Brandywine Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $5.50 target price for the company. 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. Finally, StockNews.com lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $5.63.

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.