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

Brandywine Realty Trust (NYSE:BDN - Get Free Report) issued its earnings results on Thursday. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.34), Yahoo Finance reports. The company had revenue of $126.50 million for the quarter, compared to analyst estimates of $122.83 million. Brandywine Realty Trust had a negative net margin of 38.24% and a negative return on equity of 13.15%. The company's quarterly revenue was down 2.1% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS.

Brandywine Realty Trust Stock Down 0.6 %

Shares of BDN stock traded down $0.02 on Thursday, hitting $4.25. The company's stock had a trading volume of 2,270,915 shares, compared to its average volume of 2,318,735. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.15 and a quick ratio of 2.15. Brandywine Realty Trust has a fifty-two week low of $3.42 and a fifty-two week high of $5.67. The firm's fifty day moving average price is $4.36 and its 200-day moving average price is $4.51. The stock has a market capitalization of $731.29 million, a price-to-earnings ratio of -3.69 and a beta of 1.27.

Brandywine Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be paid a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 14.13%. The ex-dividend date of this dividend is Wednesday, April 3rd. Brandywine Realty Trust's payout ratio is presently -52.17%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Brandywine Realty Trust from a "hold" rating to a "sell" rating in a research note on Tuesday, January 30th. Truist Financial decreased 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 research note on Tuesday, February 13th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brandywine Realty Trust in a research note on Tuesday, January 30th. They set a "hold" rating and a $5.50 target price for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Brandywine Realty Trust has an average rating of "Hold" and an average price target of $5.63.

Institutional Investors Weigh In On Brandywine Realty Trust

Several institutional investors and hedge funds have recently modified their holdings of the business. Vident Investment Advisory LLC raised its holdings in Brandywine Realty Trust by 9.1% in the 1st quarter. Vident Investment Advisory LLC now owns 12,069 shares of the real estate investment trust's stock worth $170,000 after acquiring an additional 1,006 shares during the period. The Manufacturers Life Insurance Company raised its position in Brandywine Realty Trust by 2.5% in the fourth quarter. The Manufacturers Life Insurance Company now owns 68,928 shares of the real estate investment trust's stock worth $424,000 after purchasing an additional 1,651 shares in the last quarter. Yousif Capital Management LLC raised its position in Brandywine Realty Trust by 1.2% in the first quarter. Yousif Capital Management LLC now owns 157,185 shares of the real estate investment trust's stock worth $2,223,000 after purchasing an additional 1,855 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Brandywine Realty Trust by 2.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 88,902 shares of the real estate investment trust's stock worth $547,000 after purchasing an additional 2,258 shares in the last quarter. Finally, State of Wyoming raised its position in Brandywine Realty Trust by 49.2% in the second quarter. State of Wyoming now owns 7,031 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 2,320 shares in the last quarter. Institutional investors and hedge funds 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.