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

Brandywine Realty Trust (NYSE:BDN) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $0.14 earnings per share for the quarter, topping the consensus estimate of ($0.17) by $0.31, Zacks reports. Brandywine Realty Trust had a negative net margin of 28.62% and a negative return on equity of 18.52%.

Brandywine Realty Trust Stock Performance

Shares of NYSE:BDN traded up $0.04 during trading 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. The firm has a market capitalization of $473.98 million, a price-to-earnings ratio of -3.31 and a beta of 1.32. 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 stock’s fifty day moving average price is $2.92 and its 200 day moving average price is $3.00. Brandywine Realty Trust has a fifty-two week low of $2.47 and a fifty-two week high of $3.89.

Brandywine Realty Trust Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Gerard Sweeney acquired 33,900 shares of the stock in a transaction that occurred on Monday, September 14th. The shares were purchased at an average cost of $2.96 per share, for a total transaction of $100,344.00. Following the transaction, the chief executive officer directly owned 4,207,691 shares in the company, valued at approximately $12,454,765.36. This represents a 0.81% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 4.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.