Brandywine Realty Trust (NYSE:BDN) Issues FY24 Earnings Guidance

Brandywine Realty Trust (NYSE:BDN) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $0.89-0.92 for the period, compared to the consensus EPS estimate of $0.92. Brandywine Realty Trust also updated its FY 2024 guidance to 0.890-0.920 EPS.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. StockNews.com raised shares of 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 stock an “in-line” rating in a report on Monday, September 16th.

Brandywine Realty Trust Stock Down 2.0 %

Shares of BDN stock traded down $0.13 on Tuesday, reaching $6.27. 2,167,987 shares of the company were exchanged, compared to its average volume of 1,856,203. The company has a market cap of $1.08 billion, a price-to-earnings ratio of -5.14 and a beta of 1.33. Brandywine Realty Trust has a one year low of $3.62 and a one year high of $6.54. The company has a 50-day moving average of $5.42 and a 200-day moving average of $4.89. 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) last announced its quarterly earnings results on Tuesday, July 23rd. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.05). Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The company had revenue of $125.30 million for the quarter, compared to the consensus estimate of $119.47 million. During the same quarter last year, the company posted $0.29 EPS. The company’s quarterly revenue was down .5% compared to the same quarter last year. Analysts anticipate that Brandywine Realty Trust will post 0.92 earnings per share for the current year.

Brandywine Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Wednesday, October 9th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, October 9th. This represents a $0.60 annualized dividend and a yield of 9.57%. Brandywine Realty Trust’s dividend payout ratio (DPR) is -49.18%.

Brandywine Realty Trust Company Profile

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.