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

Brandywine Realty Trust (NYSE:BDN - Get Free Report) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts' consensus estimates of $0.17 by ($0.02), Zacks reports. Brandywine Realty Trust had a negative return on equity of 30.86% and a negative net margin of 65.33%. The firm had revenue of $114.20 million during the quarter, compared to analyst estimates of $120.66 million. Brandywine Realty Trust updated its FY 2025 guidance to 0.600-0.660 EPS.

Brandywine Realty Trust Stock Performance

Shares of BDN stock traded down $0.07 during trading hours on Friday, reaching $4.07. The stock had a trading volume of 4,766,292 shares, compared to its average volume of 2,394,925. Brandywine Realty Trust has a twelve month low of $3.41 and a twelve month high of $6.54. The company has a debt-to-equity ratio of 2.22, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a market capitalization of $703.04 million, a PE ratio of -2.16 and a beta of 1.42. The firm has a 50-day simple moving average of $4.28 and a 200-day simple moving average of $4.47.

Brandywine Realty Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 17th. Stockholders of record on Wednesday, July 2nd were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 14.76%. The ex-dividend date was Wednesday, July 2nd. Brandywine Realty Trust's payout ratio is -50.00%.

Insider Activity at Brandywine Realty Trust

In related news, CEO Gerard H. Sweeney purchased 61,576 shares of the stock in a transaction dated Friday, May 2nd. The shares were acquired at an average cost of $4.07 per share, for a total transaction of $250,614.32. Following the acquisition, the chief executive officer directly owned 2,949,092 shares in the company, valued at approximately $12,002,804.44. The trade was a 2.13% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 3.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Brandywine Realty Trust

Several institutional investors have recently modified their holdings of the stock. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Brandywine Realty Trust by 11.4% in the first 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 acquiring an additional 130,811 shares during the last quarter. Amundi increased its position in shares of Brandywine Realty Trust by 2.2% during the 1st quarter. Amundi now owns 176,372 shares of the real estate investment trust's stock worth $787,000 after purchasing an additional 3,794 shares during the last quarter. Finally, Strs Ohio bought a new stake in shares of Brandywine Realty Trust during the 1st 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 cut shares of Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st.

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.