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

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft assumed 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. StockNews.com lowered shares of Brandywine Realty Trust from a hold rating to a sell rating in a research report on Tuesday, January 30th. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $5.63.

Brandywine Realty Trust Stock Down 0.6 %

BDN stock opened at $4.25 on Friday. The stock has a market capitalization of $731.29 million, a P/E ratio of -3.48 and a beta of 1.27. The firm has a 50-day simple moving average of $4.36 and a 200-day simple moving average of $4.51. 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 52 week low of $3.42 and a 52 week high of $5.67.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings data on Thursday, April 18th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $126.50 million for the quarter, compared to analysts’ expectations of $122.83 million. During the same period in the prior year, the company posted $0.29 EPS. The firm’s revenue was down 2.1% on a year-over-year basis. Equities analysts forecast that Brandywine Realty Trust will post 0.93 earnings per share for the current fiscal year.

Brandywine Realty Trust Announces Dividend

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

Hedge Funds Weigh In On Brandywine Realty Trust

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

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.