Brandywine Realty Trust (NYSE:BDN) Updates FY 2022 Earnings Guidance

Brandywine Realty Trust (NYSE:BDNGet Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided EPS guidance of $1.370-$1.450 for the period. The company issued revenue guidance of -.

Shares of Brandywine Realty Trust stock opened at $12.34 on Wednesday. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 176.29, a P/E/G ratio of 3.59 and a beta of 1.11. Brandywine Realty Trust has a twelve month low of $12.23 and a twelve month high of $15.16. The company’s fifty day moving average is $13.31 and its 200 day moving average is $13.55. The company has a quick ratio of 1.38, a current ratio of 1.72 and a debt-to-equity ratio of 1.19.

Brandywine Realty Trust (NYSE:BDNGet Rating) last released its quarterly earnings results on Wednesday, April 20th. The real estate investment trust reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.31). Brandywine Realty Trust had a net margin of 2.30% and a return on equity of 0.66%. The company had revenue of $127.50 million during the quarter, compared to the consensus estimate of $126.45 million. During the same quarter last year, the firm posted $0.35 EPS. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts anticipate that Brandywine Realty Trust will post 1.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 20th. Shareholders of record on Wednesday, April 6th were given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 6.16%. The ex-dividend date of this dividend was Tuesday, April 5th. Brandywine Realty Trust’s dividend payout ratio is presently 1,085.71%.

A number of research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Brandywine Realty Trust from a sell rating to a hold rating in a research report on Thursday, April 14th. Truist Financial cut shares of Brandywine Realty Trust from a buy rating to a hold rating and set a $15.00 price target on the stock. in a research report on Tuesday, January 18th. Finally, Zacks Investment Research lowered Brandywine Realty Trust from a hold rating to a sell rating in a research report on Monday.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its position in shares of Brandywine Realty Trust by 5.7% during the fourth quarter. BlackRock Inc. now owns 33,221,207 shares of the real estate investment trust’s stock worth $445,828,000 after purchasing an additional 1,804,444 shares during the period. Millennium Management LLC increased its stake in Brandywine Realty Trust by 2,062.1% during the 4th quarter. Millennium Management LLC now owns 1,049,805 shares of the real estate investment trust’s stock valued at $14,088,000 after purchasing an additional 1,001,250 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Brandywine Realty Trust by 44.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,112,404 shares of the real estate investment trust’s stock valued at $14,928,000 after buying an additional 342,732 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Brandywine Realty Trust by 939.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 214,842 shares of the real estate investment trust’s stock valued at $2,883,000 after buying an additional 194,168 shares during the last quarter. Finally, Walleye Trading LLC bought a new stake in shares of Brandywine Realty Trust during the fourth quarter worth about $1,162,000.

Brandywine Realty Trust Company Profile (Get Rating)

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, Austin and Washington, DC markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 175 properties and 24.7 million square feet as of December 31, 2020 which excludes assets held for sale.

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