Brandywine Realty Trust (NYSE:BDN) – Investment analysts at KeyCorp reduced their FY2017 earnings per share (EPS) estimates for shares of Brandywine Realty Trust in a note issued to investors on Wednesday, Zacks Investment Research reports. KeyCorp analyst C. Mailman now expects that the real estate investment trust will post earnings of $1.28 per share for the year, down from their previous forecast of $1.31. KeyCorp has a “Overweight” rating and a $21.00 price target on the stock. KeyCorp also issued estimates for Brandywine Realty Trust’s Q4 2017 earnings at $0.29 EPS and Q1 2018 earnings at $0.32 EPS.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.24). The business 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 quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the firm earned $0.33 earnings per share.
A number of other equities research analysts also recently weighed in on BDN. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 12th. SunTrust Banks reaffirmed a “buy” rating and issued a $18.00 target price on shares of Brandywine Realty Trust in a research note on Friday, October 20th. Finally, Evercore ISI raised shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research note on Monday, December 4th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. Brandywine Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $18.40.
Brandywine Realty Trust (BDN) traded down $0.13 on Friday, hitting $17.20. 1,090,000 shares of the company were exchanged, compared to its average volume of 1,640,000. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market capitalization of $3,020.00, a P/E ratio of 107.50, a price-to-earnings-growth ratio of 2.87 and a beta of 1.02. Brandywine Realty Trust has a twelve month low of $15.63 and a twelve month high of $18.69.
Several hedge funds have recently modified their holdings of BDN. Janney Montgomery Scott LLC bought a new stake in shares of Brandywine Realty Trust during the second quarter worth $180,000. Sei Investments Co. increased its position in shares of Brandywine Realty Trust by 4.4% during the second quarter. Sei Investments Co. now owns 76,889 shares of the real estate investment trust’s stock worth $1,348,000 after acquiring an additional 3,271 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Brandywine Realty Trust by 12.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,728,115 shares of the real estate investment trust’s stock worth $30,294,000 after acquiring an additional 197,908 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Brandywine Realty Trust by 4.0% during the second quarter. Bank of New York Mellon Corp now owns 1,199,095 shares of the real estate investment trust’s stock worth $21,020,000 after acquiring an additional 45,625 shares in the last quarter. Finally, Legal & General Group Plc increased its position in shares of Brandywine Realty Trust by 2.5% during the second quarter. Legal & General Group Plc now owns 546,081 shares of the real estate investment trust’s stock worth $9,571,000 after acquiring an additional 13,347 shares in the last quarter. 98.47% of the stock is owned by institutional investors.
In other news, CEO Gerard H. Sweeney sold 9,241 shares of the stock in a transaction on Monday, December 18th. The shares were sold at an average price of $18.51, for a total transaction of $171,050.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the stock in a transaction 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 sale, the director now directly owns 60,237 shares of the company’s stock, valued at approximately $1,048,726.17. The disclosure for this sale can be found here. Insiders sold 34,241 shares of company stock valued at $628,301 in the last ninety days. Insiders own 1.76% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Monday, January 8th. This is an increase from Brandywine Realty Trust’s previous quarterly dividend of $0.16. Brandywine Realty Trust’s dividend payout ratio is presently 450.00%.
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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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