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

Brandywine Realty Trust (NYSE:BDN) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.90-$0.97 for the period, compared to the consensus earnings per share estimate of $0.93.

Analyst Ratings Changes

Several research firms have recently weighed in on BDN. 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 research report on Tuesday, February 13th. StockNews.com lowered shares of Brandywine Realty Trust from a hold rating to a sell rating in a report on Tuesday, January 30th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Brandywine Realty Trust in a report on Tuesday, January 30th. They set a hold rating and a $5.50 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Brandywine Realty Trust currently has an average rating of Hold and a consensus target price of $5.63.

Brandywine Realty Trust Trading Up 1.2 %

Shares of BDN traded up $0.05 during trading hours on Wednesday, reaching $4.27. 2,775,051 shares of the company traded hands, compared to its average volume of 2,319,407. The company’s fifty day moving average price is $4.35 and its two-hundred day moving average price is $4.52. The company has a market capitalization of $735.60 million, a price-to-earnings ratio of -3.67 and a beta of 1.27. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.62. Brandywine Realty Trust has a 12 month low of $3.42 and a 12 month high of $5.67.

Brandywine Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Investors of record on Thursday, April 4th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $0.60 dividend on an annualized basis and a yield of 14.05%. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently -52.17%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. State of Wyoming raised its holdings 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 valued at $33,000 after purchasing an additional 2,320 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of 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 purchasing an additional 3,279 shares during the last quarter. Point72 Middle East FZE purchased a new position in shares of Brandywine Realty Trust during the fourth quarter valued at approximately $51,000. Sei Investments Co. purchased a new position in shares of Brandywine Realty Trust during the first quarter valued at approximately $49,000. Finally, Pathstone Family Office LLC purchased a new position in shares of Brandywine Realty Trust during the fourth quarter valued at approximately $64,000. 87.27% of the stock is owned by hedge funds and other 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.