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

Brandywine Realty Trust (NYSE:BDN) released its earnings results on Wednesday. The real estate investment trust reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of ($0.17) by $0.31, reports. The business had revenue of $118.66 million for the quarter, compared to analysts’ expectations of $111.49 million. 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 BDN stock opened at $2.71 on Thursday. Brandywine Realty Trust has a 1 year low of $2.47 and a 1 year high of $3.89. The firm has a fifty day moving average price of $2.91 and a 200-day moving average price of $3.00. The company has a debt-to-equity ratio of 3.76, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $473.98 million, a price-to-earnings ratio of -3.31 and a beta of 1.32.

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 8th. This represents a $0.32 dividend on an annualized basis and a yield of 11.8%. Brandywine Realty Trust’s dividend payout ratio is currently -39.02%.

Insiders Place Their Bets

In other Brandywine Realty Trust news, CEO Gerard Sweeney bought 33,900 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average price of $2.96 per share, with a total value of $100,344.00. Following the purchase, the chief executive officer owned 4,207,691 shares of the company’s stock, valued at $12,454,765.36. This trade represents a 0.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on BDN shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Brandywine Realty Trust in a research report on Tuesday, October 13th. Wall Street Zen raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Three analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average target price of $3.50.

About Brandywine Realty Trust

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.