Equities research analysts predict that Brandywine Realty Trust (NYSE:BDN) will announce $130.39 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Brandywine Realty Trust’s earnings. The highest sales estimate is $133.39 million and the lowest is $123.54 million. Brandywine Realty Trust reported sales of $130.92 million during the same quarter last year, which would suggest a negative year over year growth rate of 0.4%. The firm is scheduled to report its next earnings results on Wednesday, April 18th.
On average, analysts expect that Brandywine Realty Trust will report full year sales of $130.39 million for the current fiscal year, with estimates ranging from $496.07 million to $553.22 million. For the next year, analysts anticipate that the firm will post sales of $553.71 million per share, with estimates ranging from $516.92 million to $586.85 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Brandywine Realty Trust.
Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Thursday, January 25th. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.03). The business had revenue of $133.30 million for the quarter, compared to analyst estimates of $128.42 million. Brandywine Realty Trust had a net margin of 23.20% and a return on equity of 7.12%. The company’s revenue for the quarter was up .9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.35 earnings per share.
A number of research analysts recently issued reports on BDN shares. Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, January 30th. SunTrust Banks reiterated a “buy” rating and issued a $18.00 price objective on shares of Brandywine Realty Trust in a research report on Friday, October 20th. Barclays upped their price objective on shares of Brandywine Realty Trust from $17.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 30th. KeyCorp upgraded shares of Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 price objective for the company in a research report on Tuesday, December 19th. Finally, Evercore ISI upgraded shares of Brandywine Realty Trust from an “in-line” rating to an “outperform” rating in a research report on Monday, December 4th. Two analysts have rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $19.00.
In other Brandywine Realty Trust news, CEO Gerard H. Sweeney sold 9,241 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $18.51, for a total value of $171,050.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.76% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Westwood Holdings Group Inc. raised its position in shares of Brandywine Realty Trust by 2.4% during the 4th quarter. Westwood Holdings Group Inc. now owns 2,424,416 shares of the real estate investment trust’s stock worth $44,100,000 after purchasing an additional 56,015 shares during the last quarter. Macquarie Group Ltd. raised its position in shares of Brandywine Realty Trust by 0.5% during the 4th quarter. Macquarie Group Ltd. now owns 5,996,278 shares of the real estate investment trust’s stock worth $109,374,000 after purchasing an additional 29,694 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Brandywine Realty Trust during the 4th quarter worth about $225,000. Verition Fund Management LLC acquired a new position in shares of Brandywine Realty Trust during the 4th quarter worth about $511,000. Finally, Cornerstone Capital Management Holdings LLC. raised its position in shares of Brandywine Realty Trust by 22.1% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 171,970 shares of the real estate investment trust’s stock worth $3,128,000 after purchasing an additional 31,155 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.
Brandywine Realty Trust (BDN) traded up $0.25 during midday trading on Monday, reaching $16.27. 2,017,789 shares of the company were exchanged, compared to its average volume of 1,669,843. The firm has a market capitalization of $2,828.52, a P/E ratio of 24.85, a PEG ratio of 2.10 and a beta of 0.96. Brandywine Realty Trust has a 52 week low of $15.50 and a 52 week high of $18.69. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 1.08.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were given a $0.18 dividend. The ex-dividend date of this dividend was Monday, January 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.43%. This is an increase from Brandywine Realty Trust’s previous quarterly dividend of $0.16. Brandywine Realty Trust’s dividend payout ratio is 110.77%.
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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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