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

Brandywine Realty Trust (NYSE:BDN) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.90-$0.97 for the period, compared to the consensus estimate of $0.93. Brandywine Realty Trust also updated its FY 2024 guidance to 0.900-0.970 EPS.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com lowered shares of Brandywine Realty Trust from a hold rating to a sell rating in a report on Tuesday, January 30th. Truist Financial lowered their price objective on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a buy rating on the stock in a report on Tuesday, February 13th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Brandywine Realty Trust in a research report on Tuesday, January 30th. They set a hold rating and a $5.50 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of Hold and an average target price of $5.63.

Brandywine Realty Trust Trading Down 0.6 %

NYSE:BDN opened at $4.25 on Friday. The firm has a market cap of $731.29 million, a P/E ratio of -3.48 and a beta of 1.27. Brandywine Realty Trust has a 52 week low of $3.42 and a 52 week high of $5.67. The company has a debt-to-equity ratio of 1.62, a quick ratio of 2.15 and a current ratio of 2.15. The firm’s fifty day moving average is $4.36 and its 200-day moving average is $4.51.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.34). Brandywine Realty Trust had a negative net margin of 40.61% and a negative return on equity of 14.19%. The company had revenue of $126.50 million for the quarter, compared to the consensus estimate of $122.83 million. During the same quarter in the previous year, the firm posted $0.29 earnings per share. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. Equities analysts expect that Brandywine Realty Trust will post 0.93 earnings per share for the current year.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 14.13%. The ex-dividend date of this dividend was Wednesday, April 3rd. Brandywine Realty Trust’s payout ratio is -49.18%.

Institutional Trading of Brandywine Realty Trust

Several institutional investors have recently bought and sold shares of BDN. Tower Research Capital LLC TRC increased its holdings in Brandywine Realty Trust by 86.0% during the third quarter. Tower Research Capital LLC TRC now owns 7,092 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 3,279 shares during the last quarter. State of Wyoming lifted its position in shares of Brandywine Realty Trust by 49.2% during the second quarter. State of Wyoming now owns 7,031 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 2,320 shares during the last quarter. Sei Investments Co. purchased a new stake in shares of Brandywine Realty Trust in the first quarter valued at approximately $49,000. Point72 Middle East FZE bought a new stake in Brandywine Realty Trust during the 4th quarter valued at $51,000. Finally, Profund Advisors LLC purchased a new stake in Brandywine Realty Trust in the fourth quarter worth about $63,000. 87.27% of the stock is owned by hedge funds and other institutional investors.

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.