Brandywine Realty Trust (NYSE:BDN) Announces Quarterly Earnings Results

Brandywine Realty Trust (NYSE:BDN) released its quarterly earnings results on Tuesday. The real estate investment trust reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.20), Yahoo Finance reports. Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The firm had revenue of $117.96 million for the quarter, compared to analyst estimates of $120.00 million. During the same period last year, the firm earned $0.29 EPS. The company’s quarterly revenue was down 3.0% on a year-over-year basis. Brandywine Realty Trust updated its FY 2024 guidance to 0.890-0.920 EPS and its FY24 guidance to $0.89-0.92 EPS.

Brandywine Realty Trust Trading Down 2.6 %

Shares of NYSE BDN traded down $0.14 during midday trading on Friday, hitting $5.30. The stock had a trading volume of 135,297 shares, compared to its average volume of 1,883,825. The company has a fifty day moving average price of $5.46 and a 200 day moving average price of $4.91. The company has a market capitalization of $913.04 million, a price-to-earnings ratio of -4.45 and a beta of 1.33. Brandywine Realty Trust has a 1-year low of $3.62 and a 1-year high of $6.54. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.73.

Brandywine Realty Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.32%. The ex-dividend date was Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio is presently -49.18%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Evercore ISI increased their price target on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. StockNews.com upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th.

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.