Brandywine Realty Trust (NYSE:BDN - Get Free Report) released its earnings results on Tuesday. The real estate investment trust reported ($0.96) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($1.20), Yahoo Finance reports. The business had revenue of $117.96 million during the quarter, compared to analysts' expectations of $120.00 million. Brandywine Realty Trust had a negative net margin of 32.27% and a negative return on equity of 12.16%. Brandywine Realty Trust's revenue for the quarter was down 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.29 EPS. Brandywine Realty Trust updated its FY 2024 guidance to 0.890-0.920 EPS and its FY24 guidance to $0.89-0.92 EPS.
Brandywine Realty Trust Stock Down 13.6 %
Shares of NYSE:BDN traded down $0.85 during midday trading on Wednesday, hitting $5.42. 5,527,297 shares of the stock were exchanged, compared to its average volume of 1,874,177. The company has a debt-to-equity ratio of 1.73, a quick ratio of 2.07 and a current ratio of 2.07. Brandywine Realty Trust has a 52-week low of $3.62 and a 52-week high of $6.54. The business's fifty day simple moving average is $5.44 and its two-hundred day simple moving average is $4.91. The company has a market capitalization of $933.71 million, a PE ratio of -4.44 and a beta of 1.33.
Brandywine Realty Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Wednesday, October 9th will be issued a dividend of $0.15 per share. The ex-dividend date is Wednesday, October 9th. This represents a $0.60 annualized dividend and a dividend yield of 11.07%. Brandywine Realty Trust's dividend payout ratio is -49.18%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on BDN. StockNews.com upgraded Brandywine Realty Trust from a "sell" rating to a "hold" rating in a report on Thursday, July 25th. Evercore ISI increased their target price on Brandywine Realty Trust from $5.50 to $6.00 and gave the company an "in-line" rating in a report on Monday, September 16th.
Read Our Latest Research Report on BDN
About Brandywine Realty Trust
(
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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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