Brandywine Realty Trust (NYSE:BDN – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. 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.
Brandywine Realty Trust Price Performance
Shares of BDN traded up $0.06 during mid-day trading on Wednesday, hitting $4.28. The company’s stock had a trading volume of 2,775,475 shares, compared to its average volume of 2,319,448. The firm has a 50-day moving average price of $4.35 and a 200 day moving average price of $4.52. The stock has a market capitalization of $737.32 million, a price-to-earnings ratio of -3.67 and a beta of 1.27. The company has a debt-to-equity ratio of 1.62, a current ratio of 2.15 and a quick ratio of 2.15. Brandywine Realty Trust has a fifty-two week low of $3.42 and a fifty-two week high of $5.67.
Brandywine Realty Trust Dividend Announcement
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 $0.15 dividend. The ex-dividend date is Wednesday, April 3rd. This represents a $0.60 annualized dividend and a dividend yield of 14.02%. Brandywine Realty Trust’s dividend payout ratio is currently -52.17%.
Wall Street Analyst Weigh In
Read Our Latest Analysis on Brandywine Realty Trust
Institutional Trading of Brandywine Realty Trust
A number of large investors have recently bought and sold shares of BDN. Cerity Partners LLC bought a new position in shares of Brandywine Realty Trust during the 4th quarter worth approximately $82,000. Brevan Howard Capital Management LP bought a new position in shares of Brandywine Realty Trust during the 4th quarter worth approximately $79,000. CI Private Wealth LLC bought a new position in shares of Brandywine Realty Trust during the 4th quarter worth approximately $77,000. Schonfeld Strategic Advisors LLC bought a new position in Brandywine Realty Trust during the 2nd quarter worth $72,000. Finally, Cambridge Investment Research Advisors Inc. bought a new position in Brandywine Realty Trust during the 4th quarter worth $70,000. 87.27% of the stock is owned by institutional investors.
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.
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