Brandywine Realty Trust (NYSE:BDN) Announces Quarterly Earnings Results

Key Points

• Brandywine Realty Trust reported quarterly earnings of $0.16 per share, missing the consensus estimate by $0.01, and has updated its FY 2025 guidance to $0.510-0.530 EPS.
• The company announced a quarterly dividend of $0.08, representing a yield of 8.3%, but has a negative dividend payout ratio of -17.02%.
• Several analysts have recently upgraded and downgraded their ratings on the stock, with current average ratings showing a consensus "Reduce" and a price target of $4.50.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.01), Zacks reports. Brandywine Realty Trust had a negative net margin of 65.33% and a negative return on equity of 32.12%. Brandywine Realty Trust updated its FY 2025 guidance to 0.510-0.530 EPS.

Brandywine Realty Trust Stock Performance

BDN stock traded up $0.18 during trading on Wednesday, reaching $3.86. The stock had a trading volume of 4,606,009 shares, compared to its average volume of 2,416,998. The firm has a market cap of $669.61 million, a PE ratio of -2.05 and a beta of 1.45. The stock's 50 day moving average is $4.15 and its two-hundred day moving average is $4.13. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 2.61. Brandywine Realty Trust has a 52 week low of $3.41 and a 52 week high of $5.96.

Brandywine Realty Trust Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $0.32 dividend on an annualized basis and a yield of 8.3%. Brandywine Realty Trust's dividend payout ratio is currently -17.02%.

Wall Street Analysts Forecast Growth

BDN has been the subject of several recent research reports. Wall Street Zen upgraded Brandywine Realty Trust from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Weiss Ratings restated a "sell (d-)" rating on shares of Brandywine Realty Trust in a report on Wednesday, October 8th. Evercore ISI upped their target price on Brandywine Realty Trust from $4.50 to $5.00 and gave the company an "in-line" rating in a report on Monday, September 29th. Finally, Truist Financial downgraded Brandywine Realty Trust from a "buy" rating to a "hold" rating and decreased their target price for the company from $5.00 to $4.00 in a report on Tuesday, September 16th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Reduce" and a consensus price target of $4.50.

Hedge Funds Weigh In On Brandywine Realty Trust

Large investors have recently modified their holdings of the stock. Creative Planning boosted its holdings in Brandywine Realty Trust by 23.9% during the 2nd quarter. Creative Planning now owns 14,244 shares of the real estate investment trust's stock valued at $61,000 after acquiring an additional 2,749 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Brandywine Realty Trust by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 62,773 shares of the real estate investment trust's stock worth $269,000 after acquiring an additional 2,781 shares in the last quarter. Amundi raised its position in shares of Brandywine Realty Trust by 2.2% in the 1st quarter. Amundi now owns 176,372 shares of the real estate investment trust's stock worth $787,000 after acquiring an additional 3,794 shares in the last quarter. Daiwa Securities Group Inc. increased its position in Brandywine Realty Trust by 7.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 61,660 shares of the real estate investment trust's stock valued at $265,000 after buying an additional 4,194 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in Brandywine Realty Trust by 146.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 14,625 shares of the real estate investment trust's stock valued at $63,000 after buying an additional 8,694 shares in the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.