Brandywine Realty Trust to Post FY2019 Earnings of $1.51 Per Share, SunTrust Banks Forecasts (BDN)

Brandywine Realty Trust (NYSE:BDN) – SunTrust Banks upped their FY2019 earnings estimates for shares of Brandywine Realty Trust in a research note issued on Monday. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will earn $1.51 per share for the year, up from their prior forecast of $1.50. SunTrust Banks currently has a “Buy” rating and a $18.00 target price on the stock. SunTrust Banks also issued estimates for Brandywine Realty Trust’s FY2020 earnings at $1.59 EPS and FY2021 earnings at $1.67 EPS.

Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.24). The firm had revenue of $128.43 million for the quarter, compared to the consensus estimate of $131.16 million. Brandywine Realty Trust had a return on equity of 2.12% and a net margin of 6.81%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 EPS.

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Several other equities research analysts also recently weighed in on the company. BidaskClub raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 26th. Mizuho raised Brandywine Realty Trust from a “neutral” rating to a “buy” rating and raised their target price for the stock from $16.00 to $19.00 in a research report on Monday, July 10th. Zacks Investment Research lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, September 7th. KeyCorp reaffirmed a “hold” rating on shares of Brandywine Realty Trust in a research report on Friday, August 25th. Finally, ValuEngine raised Brandywine Realty Trust from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $17.58.

Brandywine Realty Trust (NYSE:BDN) traded up 0.35% during midday trading on Thursday, reaching $17.44. The company had a trading volume of 1,722,937 shares. The company has a market capitalization of $3.04 billion, a PE ratio of 198.18 and a beta of 1.05. Brandywine Realty Trust has a 12-month low of $14.04 and a 12-month high of $18.18. The stock has a 50-day moving average price of $17.47 and a 200 day moving average price of $17.20.

Several institutional investors and hedge funds have recently modified their holdings of BDN. Janney Montgomery Scott LLC acquired a new stake in shares of Brandywine Realty Trust in the 2nd quarter valued at about $180,000. Adviser Investments LLC acquired a new stake in shares of Brandywine Realty Trust in the 3rd quarter valued at about $182,000. Forward Management LLC grew its stake in shares of Brandywine Realty Trust by 5.1% in the 2nd quarter. Forward Management LLC now owns 10,608 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 513 shares during the period. SG Americas Securities LLC grew its stake in shares of Brandywine Realty Trust by 71.0% in the 1st quarter. SG Americas Securities LLC now owns 12,117 shares of the real estate investment trust’s stock valued at $197,000 after buying an additional 5,029 shares during the period. Finally, Koch Industries Inc. acquired a new stake in shares of Brandywine Realty Trust in the 2nd quarter valued at about $212,000. Institutional investors own 98.23% of the company’s stock.

In other news, insider Tom Wirth sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $16.90, for a total value of $42,250.00. Following the completion of the sale, the insider now directly owns 110,473 shares in the company, valued at approximately $1,866,993.70. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Wyche Fowler sold 1,824 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $16.82, for a total value of $30,679.68. Following the completion of the sale, the director now owns 64,948 shares of the company’s stock, valued at $1,092,425.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,407 shares of company stock valued at $2,016,074. Corporate insiders own 1.76% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Stockholders of record on Wednesday, October 4th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.67%. The ex-dividend date was Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 400.03%.

About Brandywine Realty Trust

Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC, Austin, Texas, and Other. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs.

Earnings History and Estimates for Brandywine Realty Trust (NYSE:BDN)

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