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

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

Analyst Upgrades and Downgrades

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

Brandywine Realty Trust Stock Down 8.0 %

NYSE BDN traded down $0.50 during trading hours on Wednesday, hitting $5.77. 2,271,750 shares of the company traded hands, compared to its average volume of 1,857,728. The stock has a market capitalization of $994.00 million, a price-to-earnings ratio of -4.76 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. Brandywine Realty Trust has a twelve month low of $3.62 and a twelve month high of $6.54. The business’s 50-day moving average is $5.44 and its 200-day moving average is $4.91.

Brandywine Realty Trust (NYSE:BDN) 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). Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The firm had revenue of $117.96 million during the quarter, compared to the consensus estimate of $120.00 million. During the same period last year, the business earned $0.29 EPS. The business’s revenue was down 3.0% on a year-over-year basis. Sell-side analysts anticipate that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be issued a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, October 9th. This represents a $0.60 annualized dividend and a dividend yield of 10.40%. Brandywine Realty Trust’s dividend payout ratio is currently -49.18%.

Brandywine Realty Trust Company Profile

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.