Brandywine Realty Trust (NYSE:BDN) Releases FY 2024 Earnings Guidance

Brandywine Realty Trust (NYSE:BDN) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.890-0.920 for the period, compared to the consensus earnings per share estimate of 0.920. The company issued revenue guidance of -.

Analyst Upgrades and Downgrades

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

Brandywine Realty Trust Stock Performance

Shares of Brandywine Realty Trust stock traded down $0.13 during trading on Tuesday, hitting $6.27. 2,167,987 shares of the stock were exchanged, compared to its average volume of 1,856,203. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73. The company has a fifty day moving average price of $5.42 and a 200-day moving average price of $4.89. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -5.14 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.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.05). Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The business had revenue of $125.30 million during the quarter, compared to the consensus estimate of $119.47 million. During the same quarter in the prior year, the company earned $0.29 EPS. Brandywine Realty Trust’s quarterly revenue was down .5% on a year-over-year basis. As a group, equities analysts predict that Brandywine Realty Trust will post 0.92 EPS for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 9.57%. The ex-dividend date is Wednesday, October 9th. Brandywine Realty Trust’s dividend payout ratio is -49.18%.

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.