Brandywine Realty Trust (NYSE:BDN – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. 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 -. Brandywine Realty Trust also updated its FY24 guidance to $0.89-0.92 EPS.
Brandywine Realty Trust Stock Down 3.0 %
Shares of BDN traded down $0.16 during trading hours on Thursday, hitting $5.26. 1,867,111 shares of the company were exchanged, compared to its average volume of 1,874,146. The company has a market cap of $906.15 million, a PE ratio of -4.44 and a beta of 1.33. The firm’s 50 day moving average is $5.45 and its 200-day moving average is $4.91. Brandywine Realty Trust has a 52 week low of $3.62 and a 52 week high of $6.54. 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 (NYSE:BDN – Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($1.20). The company had revenue of $117.96 million for the quarter, compared to the consensus estimate of $120.00 million. Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The business’s revenue was down 3.0% compared to the same quarter last year. During the same quarter last year, the company 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
Analyst Ratings Changes
Several equities analysts recently weighed in 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 objective 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.
Check Out Our Latest Analysis on BDN
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.
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