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

Brandywine Realty Trust (NYSE:BDN) updated its FY 2024 earnings guidance on Wednesday. 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 equities research analysts have recently issued reports on the stock. 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 note on Tuesday, February 13th. StockNews.com cut Brandywine Realty Trust from a hold rating to a sell rating in a research report on Tuesday, January 30th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Brandywine Realty Trust in a research report on Tuesday, January 30th. They issued a hold rating and a $5.50 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Brandywine Realty Trust has a consensus rating of Hold and an average target price of $5.63.

Brandywine Realty Trust Price Performance

Shares of NYSE BDN opened at $4.38 on Friday. The business has a fifty day moving average of $4.36 and a two-hundred day moving average of $4.51. 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 1.69, a current ratio of 2.21 and a quick ratio of 2.15.

Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results 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 14.62%. The business had revenue of $126.50 million during the quarter, compared to the consensus estimate of $122.83 million. During the same period in the prior year, the firm earned $0.29 earnings per share. The business’s quarterly revenue was down 2.1% compared to the same quarter last year. As a group, research analysts forecast that Brandywine Realty Trust will post 0.93 EPS for the current year.

Brandywine Realty Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were issued a $0.15 dividend. The ex-dividend date was Wednesday, April 3rd. This represents a $0.60 dividend on an annualized basis and a dividend yield of 13.70%. Brandywine Realty Trust’s dividend payout ratio is -49.18%.

Institutional Trading of Brandywine Realty Trust

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Wyoming increased its position in Brandywine Realty Trust by 49.2% in 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 period. Tower Research Capital LLC TRC grew its position in shares of Brandywine Realty Trust by 86.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 7,092 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 3,279 shares during the period. Point72 Middle East FZE acquired a new position in shares of Brandywine Realty Trust during the 4th quarter worth about $51,000. Sei Investments Co. acquired a new position in shares of Brandywine Realty Trust during the 1st quarter worth about $49,000. Finally, Pathstone Family Office LLC acquired a new position in shares of Brandywine Realty Trust during the 4th quarter worth about $64,000. 87.27% of the stock is currently owned by institutional investors and hedge funds.

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.