Brandywine Realty Trust (NYSE:BDN) Updates 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 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) 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

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Wednesday, October 9th will be paid a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.60 annualized dividend and a dividend yield of 11.41%. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently -49.18%.

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.

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.