Brandywine Realty Trust (NYSE:BDN) Issues FY 2024 Earnings Guidance

Brandywine Realty Trust (NYSE:BDN) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.900-0.970 for the period, compared to the consensus EPS estimate of 0.930. The company issued revenue guidance of -. Brandywine Realty Trust also updated its FY24 guidance to $0.90-$0.97 EPS.

Brandywine Realty Trust Price Performance

Shares of BDN traded up $0.06 during mid-day trading on Wednesday, hitting $4.28. The company’s stock had a trading volume of 2,775,475 shares, compared to its average volume of 2,319,448. The firm has a 50-day moving average price of $4.35 and a 200 day moving average price of $4.52. The stock has a market capitalization of $737.32 million, a price-to-earnings ratio of -3.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.15 and a quick ratio of 2.15. Brandywine Realty Trust has a fifty-two week low of $3.42 and a fifty-two week high of $5.67.

Brandywine Realty Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 14.02%. Brandywine Realty Trust’s dividend payout ratio is currently -52.17%.

Wall Street Analyst Weigh In

BDN has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Brandywine Realty Trust in a research note on Tuesday, January 30th. They issued a hold rating and a $5.50 price objective on the stock. Truist Financial dropped their target price on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a buy rating on the stock in a research report on Tuesday, February 13th. Finally, StockNews.com cut Brandywine Realty Trust from a hold rating to a sell rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $5.63.

Institutional Trading of Brandywine Realty Trust

A number of large investors have recently bought and sold shares of BDN. Cerity Partners LLC bought a new position in shares of Brandywine Realty Trust during the 4th quarter worth approximately $82,000. Brevan Howard Capital Management LP bought a new position in shares of Brandywine Realty Trust during the 4th quarter worth approximately $79,000. CI Private Wealth LLC bought a new position in shares of Brandywine Realty Trust during the 4th quarter worth approximately $77,000. Schonfeld Strategic Advisors LLC bought a new position in Brandywine Realty Trust during the 2nd quarter worth $72,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Brandywine Realty Trust during the 4th quarter worth $70,000. 87.27% of the stock is owned by institutional investors.

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.