Brandywine Realty Trust (NYSE:BDN) Announces Quarterly Earnings Results, Beats Expectations By $0.31 EPS

Key Points

• Brandywine Realty Trust reported quarterly EPS of $0.14, beating the consensus estimate of a $0.17 loss by $0.31, although the REIT continues to show negative net margin and return on equity.
• Shares rose 1.3% to $2.71, while the company announced a quarterly dividend of $0.08 per share, equivalent to a $0.32 annualized payout and an 11.8% yield.
• Wall Street remains cautious: analysts’ average rating is “Reduce,” with three Holds and three Sells and an average price target of $3.50. CEO Gerard Sweeney also purchased 33,900 shares.

Brandywine Realty Trust (NYSE:BDN - Get Free Report) posted its earnings results on Wednesday. The real estate investment trust reported $0.14 EPS for the quarter, topping the consensus estimate of ($0.17) by $0.31, Zacks reports. Brandywine Realty Trust had a negative return on equity of 18.52% and a negative net margin of 28.62%.

Brandywine Realty Trust Trading Up 1.3%

Shares of Brandywine Realty Trust stock traded up $0.04 on Wednesday, reaching $2.71. The company had a trading volume of 5,399,140 shares, compared to its average volume of 2,459,836. Brandywine Realty Trust has a 52-week low of $2.47 and a 52-week high of $3.89. The firm's 50 day moving average price is $2.92 and its two-hundred day moving average price is $3.00. The firm has a market cap of $473.98 million, a PE ratio of -3.31 and a beta of 1.32. The company has a debt-to-equity ratio of 3.76, a quick ratio of 1.67 and a current ratio of 1.67.

Brandywine Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 8th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend is Thursday, October 8th. Brandywine Realty Trust's dividend payout ratio (DPR) is presently -39.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Brandywine Realty Trust in a research note on Tuesday, October 13th. Wall Street Zen raised shares of Brandywine Realty Trust from a "sell" rating to a "hold" rating in a report on Sunday, July 26th. Three analysts have rated the stock with a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $3.50.

Insider Transactions at Brandywine Realty Trust

In other Brandywine Realty Trust news, CEO Gerard Sweeney purchased 33,900 shares of the business's stock in a transaction on Monday, September 14th. The shares were bought at an average cost of $2.96 per share, for a total transaction of $100,344.00. Following the completion of the purchase, the chief executive officer directly owned 4,207,691 shares of the company's stock, valued at approximately $12,454,765.36. This trade represents a 0.81% 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 hyperlink. 4.50% of the stock is owned by company insiders.

Brandywine Realty Trust Company Profile

Brandywine Realty Trust is a self-administered and self-managed real estate investment trust that owns, develops, leases and manages office, mixed-use and other commercial properties. The company focuses on well-located properties in urban, town-center and suburban settings, offering workspace, retail, residential and hospitality components within selected developments.

Brandywine's principal concentration is the Philadelphia region, including Philadelphia and surrounding communities in Pennsylvania and New Jersey.

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