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.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial dropped their target price on shares of Brandywine Realty Trust from $7.00 to $6.00 and set a buy rating for the company 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 assumed coverage on shares of Brandywine Realty Trust in a report on Tuesday, January 30th. They issued a hold rating and a $5.50 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $5.63.

Brandywine Realty Trust Stock Up 1.4 %

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

Brandywine Realty Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th will be paid 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 dividend yield of 14.02%. Brandywine Realty Trust’s dividend payout ratio is -52.17%.

Hedge Funds Weigh In On Brandywine Realty Trust

Large investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in shares of Brandywine Realty Trust by 2.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 131,610 shares of the real estate investment trust’s stock valued at $711,000 after purchasing an additional 3,386 shares during the period. GSA Capital Partners LLP raised its holdings in shares of Brandywine Realty Trust by 56.5% in the 4th quarter. GSA Capital Partners LLP now owns 71,764 shares of the real estate investment trust’s stock valued at $388,000 after purchasing an additional 25,919 shares during the period. GTS Securities LLC bought a new stake in shares of Brandywine Realty Trust in the 4th quarter valued at about $108,000. Employees Retirement System of Texas raised its holdings in shares of Brandywine Realty Trust by 105.0% in the 4th quarter. Employees Retirement System of Texas now owns 410,000 shares of the real estate investment trust’s stock valued at $2,214,000 after purchasing an additional 210,000 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Brandywine Realty Trust by 4.6% in the 4th quarter. Legal & General Group Plc now owns 1,496,148 shares of the real estate investment trust’s stock valued at $8,079,000 after purchasing an additional 65,703 shares during the period. 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.