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.
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