Brandywine Realty Trust (NYSE:BDN – Get Free Report) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.89-0.92 for the period, compared to the consensus estimate of $0.92. Brandywine Realty Trust also updated its FY 2024 guidance to 0.890-0.920 EPS.
Brandywine Realty Trust Trading Down 3.0 %
Brandywine Realty Trust stock traded down $0.16 during mid-day trading on Thursday, hitting $5.26. 1,867,111 shares of the company’s stock were exchanged, compared to its average volume of 1,874,146. The firm has a market capitalization of $906.15 million, a P/E ratio of -4.44 and a beta of 1.33. Brandywine Realty Trust has a fifty-two week low of $3.62 and a fifty-two week high of $6.54. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 1.73. The company’s 50 day simple moving average is $5.45 and its 200-day simple moving average is $4.91.
Brandywine Realty Trust (NYSE:BDN – Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The real estate investment trust reported ($0.96) EPS for the quarter, missing the consensus estimate of $0.24 by ($1.20). The business had revenue of $117.96 million for the quarter, compared to analyst estimates of $120.00 million. Brandywine Realty Trust had a negative return on equity of 12.16% and a negative net margin of 32.27%. The business’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.29 EPS. On average, equities analysts anticipate that Brandywine Realty Trust will post 0.92 earnings per share for the current year.
Brandywine Realty Trust Announces Dividend
Analyst Ratings Changes
Several analysts have issued reports on the company. Evercore ISI lifted their price target on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an “in-line” rating in a research note on Monday, September 16th. StockNews.com raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 25th.
Check Out Our Latest Stock Analysis on BDN
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.
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