Brandywine Realty Trust (NYSE:BDN) – SunTrust Banks lowered their FY2017 earnings estimates for Brandywine Realty Trust in a note issued to investors on Monday, Zacks Investment Research reports. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will earn $1.31 per share for the year, down from their prior estimate of $1.35. 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 Q4 2017 earnings at $0.32 EPS, Q1 2018 earnings at $0.33 EPS, Q2 2018 earnings at $0.35 EPS, Q3 2018 earnings at $0.36 EPS, Q4 2018 earnings at $0.36 EPS and FY2018 earnings at $1.41 EPS.
A number of other equities analysts also recently commented on BDN. BidaskClub downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. KeyCorp reaffirmed a “hold” rating on shares of Brandywine Realty Trust in a report on Sunday, September 24th. ValuEngine raised Brandywine Realty Trust from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.58.
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Brandywine Realty Trust (BDN) opened at $17.67 on Wednesday. Brandywine Realty Trust has a 52-week low of $14.19 and a 52-week high of $18.18. The firm has a market capitalization of $3,112.97, a PE ratio of 13.04, a price-to-earnings-growth ratio of 2.68 and a beta of 1.04. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.83 and a quick ratio of 1.83.
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 the consensus estimate of $0.35 by ($0.24). The firm had revenue of $128.43 million during the quarter, compared to analyst estimates of $131.16 million. Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.12%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.33 earnings per share.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend was Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio is currently 400.03%.
In other news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $17.41, for a total transaction of $87,050.00. Following the completion of the sale, the director now owns 60,237 shares in the company, valued at $1,048,726.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wyche Fowler sold 1,824 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $16.82, for a total value of $30,679.68. Following the sale, the director now owns 64,948 shares of the company’s stock, valued at approximately $1,092,425.36. The disclosure for this sale can be found here. 1.76% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in BDN. UBS Asset Management Americas Inc. raised its position in Brandywine Realty Trust by 23.2% in the first quarter. UBS Asset Management Americas Inc. now owns 394,057 shares of the real estate investment trust’s stock worth $6,396,000 after acquiring an additional 74,096 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in Brandywine Realty Trust by 3.5% in the first quarter. Envestnet Asset Management Inc. now owns 17,446 shares of the real estate investment trust’s stock valued at $283,000 after purchasing an additional 594 shares during the last quarter. SG Americas Securities LLC grew its holdings in Brandywine Realty Trust by 71.0% in the first quarter. SG Americas Securities LLC now owns 12,117 shares of the real estate investment trust’s stock valued at $197,000 after purchasing an additional 5,029 shares during the last quarter. Teachers Advisors LLC grew its holdings in Brandywine Realty Trust by 3.3% in the first quarter. Teachers Advisors LLC now owns 191,949 shares of the real estate investment trust’s stock valued at $3,115,000 after purchasing an additional 6,115 shares during the last quarter. Finally, Thrivent Financial For Lutherans grew its holdings in Brandywine Realty Trust by 0.9% in the first quarter. Thrivent Financial For Lutherans now owns 68,904 shares of the real estate investment trust’s stock valued at $1,118,000 after purchasing an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 99.59% of the company’s stock.
Brandywine Realty Trust Company Profile
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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