Brandywine Realty Trust (NYSE:BDN) Updates FY24 Earnings Guidance

Brandywine Realty Trust (NYSE:BDNGet Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.89-0.92 for the period, compared to the consensus earnings per share estimate of $0.92. Brandywine Realty Trust also updated its FY 2024 guidance to 0.890-0.920 EPS.

Brandywine Realty Trust Trading Down 3.0 %

BDN traded down $0.16 during mid-day trading on Thursday, reaching $5.26. The stock had a trading volume of 1,867,111 shares, compared to its average volume of 1,874,146. The stock has a market capitalization of $906.15 million, a P/E ratio of -4.44 and a beta of 1.33. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07. The firm’s fifty day simple moving average is $5.45 and its two-hundred day simple moving average is $4.91. Brandywine Realty Trust has a 52 week low of $3.62 and a 52 week high of $6.54.

Brandywine Realty Trust (NYSE:BDNGet Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). The firm had revenue of $117.96 million during the quarter, compared to the consensus estimate of $120.00 million. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The firm’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 earnings per share. On average, equities analysts predict that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be given a $0.15 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $0.60 dividend on an annualized basis and a yield of 11.41%. Brandywine Realty Trust’s payout ratio is -49.18%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BDN shares. Evercore ISI increased their price target on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th.

Get Our Latest Analysis on BDN

About Brandywine Realty Trust

(Get Free Report)

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.

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