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 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 Stock Performance

BDN traded down $0.13 during mid-day trading on Tuesday, reaching $6.27. 2,167,987 shares of the company traded hands, compared to its average volume of 1,856,203. The stock has a market capitalization of $1.08 billion, a P/E ratio of -5.14 and a beta of 1.33. Brandywine Realty Trust has a 52-week low of $3.62 and a 52-week high of $6.54. 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 company’s fifty day moving average price is $5.42 and its 200-day moving average price is $4.89.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Tuesday, July 23rd. The real estate investment trust reported $0.17 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 firm had revenue of $125.30 million for the quarter, compared to the consensus estimate of $119.47 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. On average, sell-side analysts expect that Brandywine Realty Trust will post 0.92 EPS for the current year.

Brandywine Realty Trust Announces Dividend

The company 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 presently -49.18%.

Wall Street Analyst Weigh In

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

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.