Brandywine Realty Trust (NYSE:BDN) Posts Earnings Results, Misses Expectations By $0.02 EPS

Brandywine Realty Trust (NYSE:BDN - Get Free Report) issued its earnings results on Wednesday. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02), Zacks reports. The business had revenue of $114.20 million during the quarter, compared to analysts' expectations of $120.66 million. 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 0.600-0.660 EPS.

Brandywine Realty Trust Trading Down 0.9%

Shares of BDN stock traded down $0.04 during trading hours on Friday, reaching $4.09. 5,637,171 shares of the stock traded hands, compared to its average volume of 2,421,305. Brandywine Realty Trust has a 1-year low of $3.41 and a 1-year high of $6.54. The business has a fifty day moving average price of $4.28 and a 200 day moving average price of $4.46. The company has a quick ratio of 1.95, a current ratio of 2.97 and a debt-to-equity ratio of 2.61. The firm has a market capitalization of $708.06 million, a PE ratio of -2.18 and a beta of 1.42.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Investors of record on Wednesday, July 2nd were issued a $0.15 dividend. The ex-dividend date was Wednesday, July 2nd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.66%. Brandywine Realty Trust's payout ratio is currently -31.91%.

Insider Activity

In other news, CEO Gerard H. Sweeney purchased 61,576 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were acquired at an average price of $4.07 per share, for a total transaction of $250,614.32. Following the completion of the acquisition, the chief executive officer directly owned 2,949,092 shares of the company's stock, valued at $12,002,804.44. The trade was a 2.13% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is owned by corporate insiders.

Institutional Trading of Brandywine Realty Trust

A number of institutional investors and hedge funds have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Brandywine Realty Trust by 11.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,274,556 shares of the real estate investment trust's stock valued at $5,685,000 after buying an additional 130,811 shares in the last quarter. Amundi lifted its holdings in Brandywine Realty Trust by 2.2% during the 1st quarter. Amundi now owns 176,372 shares of the real estate investment trust's stock valued at $787,000 after purchasing an additional 3,794 shares during the last quarter. Finally, Strs Ohio acquired a new stake in shares of Brandywine Realty Trust during the first quarter worth approximately $136,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of Brandywine Realty Trust from a "sell" rating to a "hold" rating in a report on Saturday.

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.