Brandywine Realty Trust (BDN) Hits New 1-Year Low on Disappointing Earnings

Shares of Brandywine Realty Trust (NYSE:BDN) reached a new 52-week low on Thursday following a weaker than expected earnings announcement. The company traded as low as $14.29 and last traded at $14.43, with a volume of 97093 shares trading hands. The stock had previously closed at $14.58.

The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.27). The firm had revenue of $135.00 million during the quarter, compared to the consensus estimate of $136.73 million. Brandywine Realty Trust had a return on equity of 8.38% and a net margin of 28.08%. The business’s revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 EPS.

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 18th. Investors of record on Thursday, October 4th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, October 3rd. This represents a $0.72 annualized dividend and a yield of 5.01%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 54.96%.

BDN has been the topic of several recent analyst reports. Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. Barclays reiterated a “hold” rating and issued a $16.00 target price on shares of Brandywine Realty Trust in a report on Sunday. Finally, ValuEngine downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $17.60.

In other news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $16.67, for a total transaction of $83,350.00. Following the transaction, the director now owns 61,193 shares in the company, valued at approximately $1,020,087.31. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Tom Wirth sold 3,000 shares of the business’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $16.52, for a total transaction of $49,560.00. Following the transaction, the insider now owns 145,316 shares in the company, valued at approximately $2,400,620.32. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 43,234 shares of company stock worth $710,625. Insiders own 1.84% of the company’s stock.

Large investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd bought a new position in shares of Brandywine Realty Trust during the 2nd quarter worth about $103,000. Tower Research Capital LLC TRC increased its holdings in shares of Brandywine Realty Trust by 488.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,198 shares of the real estate investment trust’s stock worth $122,000 after purchasing an additional 5,974 shares during the period. First Hawaiian Bank bought a new position in shares of Brandywine Realty Trust during the 3rd quarter worth about $138,000. First Bank & Trust increased its holdings in shares of Brandywine Realty Trust by 136.5% during the 2nd quarter. First Bank & Trust now owns 8,577 shares of the real estate investment trust’s stock worth $145,000 after purchasing an additional 4,950 shares during the period. Finally, NumerixS Investment Technologies Inc increased its holdings in shares of Brandywine Realty Trust by 350.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 10,800 shares of the real estate investment trust’s stock worth $183,000 after purchasing an additional 8,400 shares during the period.

The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.85 and a current ratio of 2.85. The firm has a market capitalization of $2.81 billion, a PE ratio of 11.16, a PEG ratio of 2.05 and a beta of 0.92.

Brandywine Realty Trust Company Profile (NYSE:BDN)

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, Washington, DC, 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 184 properties and 25.3 million square feet as of June 30, 2018, which excludes assets held for sale.

Further Reading: Insider Trading

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