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

Brandywine Realty Trust (NYSE:BDN) updated its FY 2024 earnings guidance on Wednesday. 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.

Analyst Ratings Changes

Several brokerages have recently weighed in on BDN. Deutsche Bank Aktiengesellschaft began 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. Truist Financial reduced their price target on Brandywine Realty Trust from $7.00 to $6.00 and set a buy rating for the company in a report on Tuesday, February 13th. Finally, StockNews.com downgraded Brandywine Realty Trust from a hold rating to a sell rating in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $5.63.

Brandywine Realty Trust Stock Performance

NYSE:BDN traded up $0.06 during trading hours on Wednesday, reaching $4.28. 2,775,475 shares of the stock were exchanged, compared to its average volume of 2,319,448. The company has a quick ratio of 2.15, a current ratio of 2.15 and a debt-to-equity ratio of 1.62. The firm has a 50 day simple moving average of $4.35 and a 200-day simple moving average of $4.52. Brandywine Realty Trust has a 52 week low of $3.42 and a 52 week high of $5.67. The stock has a market capitalization of $737.32 million, a P/E ratio of -3.67 and a beta of 1.27.

Brandywine Realty Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 14.02%. The ex-dividend date is Wednesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio is presently -52.17%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Citigroup Inc. raised its position in shares of Brandywine Realty Trust by 17.1% during the 1st quarter. Citigroup Inc. now owns 294,304 shares of the real estate investment trust’s stock worth $4,161,000 after purchasing an additional 42,928 shares during the period. Natixis Advisors L.P. raised its position in shares of Brandywine Realty Trust by 23.0% during the 1st quarter. Natixis Advisors L.P. now owns 42,369 shares of the real estate investment trust’s stock worth $599,000 after purchasing an additional 7,935 shares during the period. Bank of Montreal Can raised its position in shares of Brandywine Realty Trust by 15.1% during the 1st quarter. Bank of Montreal Can now owns 60,243 shares of the real estate investment trust’s stock worth $866,000 after purchasing an additional 7,924 shares during the period. MetLife Investment Management LLC raised its position in shares of Brandywine Realty Trust by 55.1% during the 1st quarter. MetLife Investment Management LLC now owns 90,395 shares of the real estate investment trust’s stock worth $1,278,000 after purchasing an additional 32,106 shares during the period. Finally, Rhumbline Advisers increased its position in Brandywine Realty Trust by 0.6% in the 1st quarter. Rhumbline Advisers now owns 510,543 shares of the real estate investment trust’s stock valued at $7,219,000 after acquiring an additional 3,250 shares during the period. Institutional investors own 87.27% of the company’s stock.

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.