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

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

Wall Street Analyst Weigh In

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

Brandywine Realty Trust Price Performance

BDN traded down $0.13 during trading on Tuesday, hitting $6.27. The company’s stock had a trading volume of 2,167,987 shares, compared to its average volume of 1,856,203. The firm 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 twelve month low of $3.62 and a twelve month high of $6.54. The business’s fifty day simple moving average is $5.42 and its 200 day simple moving average is $4.89. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.73.

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

Brandywine Realty Trust Dividend Announcement

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