Brandywine Realty Trust (NYSE:BDN – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.89-0.92 for the period, compared to the consensus estimate of $0.92. Brandywine Realty Trust also updated its FY 2024 guidance to 0.890-0.920 EPS.
Brandywine Realty Trust Stock Down 2.0 %
BDN traded down $0.13 during trading on Tuesday, hitting $6.27. The company had a trading volume of 2,167,987 shares, compared to its average volume of 1,856,203. The business has a 50-day moving average of $5.42 and a 200-day moving average of $4.89. Brandywine Realty Trust has a 1-year low of $3.62 and a 1-year high of $6.54. The company has a market cap of $1.08 billion, a PE ratio of -5.14 and a beta of 1.33. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.07 and a quick ratio of 2.07.
Brandywine Realty Trust (NYSE:BDN – Get Free Report) last announced its 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 the consensus estimate of $119.47 million. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. The business’s quarterly revenue was down .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 EPS. As a group, analysts forecast that Brandywine Realty Trust will post 0.92 earnings per share for the current year.
Brandywine Realty Trust Announces Dividend
Wall Street Analyst Weigh In
Several brokerages have recently issued reports on BDN. 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 target price on shares of 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.
Get Our Latest Analysis on Brandywine Realty Trust
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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