Brandywine Realty Trust (NYSE:BDN) – Equities researchers at KeyCorp dropped their FY2018 EPS estimates for shares of Brandywine Realty Trust in a note issued to investors on Tuesday, according to Zacks Investment Research. KeyCorp analyst C. Mailman now forecasts that the real estate investment trust will post earnings of $1.35 per share for the year, down from their previous estimate of $1.37. KeyCorp currently has a “Overweight” rating and a $21.00 price target on the stock. KeyCorp also issued estimates for Brandywine Realty Trust’s FY2019 earnings at $1.45 EPS.
A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Monday, December 11th. Evercore ISI raised shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a report on Monday, December 4th. Finally, SunTrust Banks reissued a “buy” rating and issued a $18.00 price target on shares of Brandywine Realty Trust in a report on Friday, October 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $18.40.
Shares of Brandywine Realty Trust (NYSE:BDN) opened at $17.20 on Thursday. Brandywine Realty Trust has a fifty-two week low of $15.63 and a fifty-two week high of $18.69. The stock has a market cap of $3,018.22, a PE ratio of 12.65, a PEG ratio of 2.85 and a beta of 1.02. 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 quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.24). The business had revenue of $128.43 million for the quarter, compared to analysts’ expectations of $131.16 million. Brandywine Realty Trust had a net margin of 6.81% and a return on equity of 2.12%. Brandywine Realty Trust’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period last year, the company earned $0.33 earnings per share.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.19%. This is a boost from Brandywine Realty Trust’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, January 8th. Brandywine Realty Trust’s dividend payout ratio is 450.03%.
In related 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 shares were sold at an average price of $17.41, for a total value of $87,050.00. Following the transaction, the director now directly owns 60,237 shares in the company, valued at $1,048,726.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Gerard H. Sweeney sold 20,000 shares of the stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $18.51, for a total transaction of $370,200.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,241 shares of company stock worth $628,301. 1.76% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of BDN. Resolution Capital Ltd bought a new position in Brandywine Realty Trust during the third quarter valued at approximately $37,185,000. Macquarie Group Ltd. grew its position in Brandywine Realty Trust by 21.0% during the third quarter. Macquarie Group Ltd. now owns 5,966,584 shares of the real estate investment trust’s stock valued at $104,356,000 after acquiring an additional 1,037,395 shares during the last quarter. Renaissance Technologies LLC grew its position in Brandywine Realty Trust by 2,991.8% during the second quarter. Renaissance Technologies LLC now owns 908,998 shares of the real estate investment trust’s stock valued at $15,935,000 after acquiring an additional 879,598 shares during the last quarter. Balyasny Asset Management LLC grew its position in Brandywine Realty Trust by 110.8% during the second quarter. Balyasny Asset Management LLC now owns 1,482,090 shares of the real estate investment trust’s stock valued at $25,981,000 after acquiring an additional 779,078 shares during the last quarter. Finally, Citadel Advisors LLC grew its position in Brandywine Realty Trust by 86.0% during the third quarter. Citadel Advisors LLC now owns 1,683,287 shares of the real estate investment trust’s stock valued at $29,441,000 after acquiring an additional 778,084 shares during the last quarter. Institutional investors and hedge funds own 98.47% of the company’s stock.
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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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