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

Brandywine Realty Trust (NYSE:BDN) announced its earnings results on Wednesday. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.24 by ($0.34), Yahoo Finance reports. The business had revenue of $126.50 million for the quarter, compared to the consensus estimate of $122.83 million. Brandywine Realty Trust had a negative return on equity of 14.19% and a negative net margin of 40.61%. Brandywine Realty Trust’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.29 EPS. Brandywine Realty Trust updated its FY24 guidance to $0.90-$0.97 EPS and its FY 2024 guidance to 0.900-0.970 EPS.

Brandywine Realty Trust Trading Up 3.3 %

NYSE:BDN traded up $0.14 during mid-day trading on Friday, hitting $4.38. The company had a trading volume of 747,378 shares, compared to its average volume of 2,297,350. Brandywine Realty Trust has a fifty-two week low of $3.42 and a fifty-two week high of $5.67. The business’s fifty day moving average is $4.36 and its two-hundred day moving average is $4.51. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.15 and a current ratio of 2.15. The firm has a market cap of $754.54 million, a P/E ratio of -3.57 and a beta of 1.27.

Brandywine Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were paid a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 13.70%. The ex-dividend date of this dividend was Wednesday, April 3rd. Brandywine Realty Trust’s payout ratio is -49.18%.

Wall Street Analysts Forecast Growth

BDN has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Brandywine Realty Trust in a report on Tuesday, January 30th. They issued a “hold” rating and a $5.50 price target on the stock. Truist Financial decreased their price target on Brandywine Realty Trust from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, February 13th. Finally, StockNews.com cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $5.63.

Hedge Funds Weigh In On Brandywine Realty Trust

Several hedge funds have recently added to or reduced their stakes in BDN. Vident Investment Advisory LLC raised its position in shares of Brandywine Realty Trust by 9.1% during the first quarter. Vident Investment Advisory LLC now owns 12,069 shares of the real estate investment trust’s stock worth $170,000 after purchasing 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 4th quarter. The Manufacturers Life Insurance Company now owns 68,928 shares of the real estate investment trust’s stock valued at $424,000 after buying an additional 1,651 shares during the last quarter. Yousif Capital Management LLC raised its position in Brandywine Realty Trust by 1.2% in the 1st quarter. Yousif Capital Management LLC now owns 157,185 shares of the real estate investment trust’s stock valued at $2,223,000 after buying an additional 1,855 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Brandywine Realty Trust by 2.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 88,902 shares of the real estate investment trust’s stock valued at $547,000 after buying an additional 2,258 shares during the last quarter. Finally, State of Wyoming raised its position in Brandywine Realty Trust by 49.2% in the 2nd quarter. State of Wyoming now owns 7,031 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 2,320 shares during the last quarter. Institutional investors and hedge funds own 87.27% of the company’s stock.

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.