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

by · The Cerbat Gem

Brandywine Realty Trust (NYSE:BDN – Get Free Report) updated its FY 2024 earnings guidance on Tuesday. 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 -. Brandywine Realty Trust also updated its FY24 guidance to $0.89-0.92 EPS.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. 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 upped their price objective on shares of Brandywine Realty Trust from $5.50 to $6.00 and gave the stock an “in-line” rating in a report on Monday, September 16th.

View Our Latest Stock Report on BDN

Brandywine Realty Trust Stock Down 2.6 %

Shares of NYSE BDN traded down $0.14 during trading on Friday, reaching $5.30. The company had a trading volume of 281,643 shares, compared to its average volume of 1,884,532. The business’s 50-day moving average is $5.46 and its 200 day moving average is $4.91. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.73. The stock has a market cap of $913.04 million, a PE ratio of -4.45 and a beta of 1.33. Brandywine Realty Trust has a 12-month low of $3.62 and a 12-month high of $6.54.

Brandywine Realty Trust (NYSE:BDN – Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($1.20). The firm had revenue of $117.96 million for 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 revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 earnings per share. As a group, equities analysts forecast that Brandywine Realty Trust will post 0.92 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 24th. Investors of record on Wednesday, October 9th were given a $0.15 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 11.32%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -49.18%.

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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