Wall Street analysts expect Brandywine Realty Trust (NYSE:BDN) to announce $0.32 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Brandywine Realty Trust’s earnings, with the lowest EPS estimate coming in at $0.32 and the highest estimate coming in at $0.34. Brandywine Realty Trust also reported earnings per share of $0.32 during the same quarter last year. The company is scheduled to report its next earnings report on Wednesday, April 18th.
According to Zacks, analysts expect that Brandywine Realty Trust will report full year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.34 to $1.40. For the next financial year, analysts expect that the firm will report earnings of $1.46 per share, with EPS estimates ranging from $1.41 to $1.55. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Brandywine Realty Trust.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings data on Thursday, January 25th. The real estate investment trust reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.03). Brandywine Realty Trust had a return on equity of 7.07% and a net margin of 23.20%. The company had revenue of $133.30 million for the quarter, compared to analyst estimates of $128.42 million. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis.
BDN has been the subject of a number of research reports. Barclays boosted their target price on shares of Brandywine Realty Trust from $17.00 to $18.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 30th. Stifel Nicolaus downgraded shares of Brandywine Realty Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $19.00 to $17.00 in a research report on Tuesday. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. 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. Finally, KeyCorp upgraded shares of Brandywine Realty Trust from a “sector weight” rating to an “overweight” rating and set a $21.00 target price for the company in a research report on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $18.60.
In related news, CEO Gerard H. Sweeney sold 9,241 shares of the business’s 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.76% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC increased its holdings in Brandywine Realty Trust by 31.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 12,500 shares of the real estate investment trust’s stock valued at $227,000 after buying an additional 3,000 shares in the last quarter. Swiss National Bank increased its holdings in Brandywine Realty Trust by 2.1% in the fourth quarter. Swiss National Bank now owns 298,800 shares of the real estate investment trust’s stock valued at $5,435,000 after buying an additional 6,200 shares in the last quarter. Fox Run Management L.L.C. increased its holdings in Brandywine Realty Trust by 47.8% in the fourth quarter. Fox Run Management L.L.C. now owns 19,950 shares of the real estate investment trust’s stock valued at $363,000 after buying an additional 6,450 shares in the last quarter. Farr Miller & Washington LLC DC increased its holdings in Brandywine Realty Trust by 6.9% in the fourth quarter. Farr Miller & Washington LLC DC now owns 101,491 shares of the real estate investment trust’s stock valued at $1,846,000 after buying an additional 6,580 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its holdings in Brandywine Realty Trust by 7.0% in the third quarter. Great West Life Assurance Co. Can now owns 107,190 shares of the real estate investment trust’s stock valued at $1,880,000 after buying an additional 7,021 shares in the last quarter.
Brandywine Realty Trust (NYSE:BDN) traded up $0.01 during midday trading on Thursday, reaching $16.07. 1,099,286 shares of the company were exchanged, compared to its average volume of 1,567,296. The firm has a market capitalization of $2,862.22, a P/E ratio of 24.72, a PEG ratio of 2.09 and a beta of 1.05. Brandywine Realty Trust has a 52 week low of $15.45 and a 52 week high of $18.69. The company has a quick ratio of 3.64, a current ratio of 3.64 and a debt-to-equity ratio of 1.05.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Wednesday, April 4th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, April 3rd. This represents a $0.72 dividend on an annualized basis and a yield of 4.48%. Brandywine Realty Trust’s dividend payout ratio is presently 110.77%.
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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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