Equities analysts forecast that Brandywine Realty Trust (NYSE:BDN) will post $129.18 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Brandywine Realty Trust’s earnings, with the highest sales estimate coming in at $133.25 million and the lowest estimate coming in at $126.80 million. Brandywine Realty Trust reported sales of $133.34 million during the same quarter last year, which would suggest a negative year over year growth rate of 3.1%. The business is expected to issue its next quarterly earnings results on Thursday, January 24th.
On average, analysts expect that Brandywine Realty Trust will report full year sales of $511.26 million for the current fiscal year, with estimates ranging from $507.50 million to $517.34 million. For the next year, analysts anticipate that the business will report sales of $535.75 million, with estimates ranging from $503.85 million to $562.34 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Brandywine Realty Trust.
Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Wednesday, October 17th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.27). The business had revenue of $135.00 million during the quarter, compared to the consensus estimate of $136.73 million. Brandywine Realty Trust had a net margin of 16.26% and a return on equity of 4.98%. Brandywine Realty Trust’s quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS.
Several analysts have issued reports on BDN shares. Zacks Investment Research lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 14th. ValuEngine lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. Barclays restated a “hold” rating and issued a $16.00 price objective on shares of Brandywine Realty Trust in a research note on Sunday, October 14th. Raymond James dropped their price objective on Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, October 23rd. Finally, Citigroup dropped their price objective on Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Brandywine Realty Trust has an average rating of “Hold” and an average target price of $17.14.
NYSE:BDN opened at $14.14 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 2.24 and a current ratio of 2.24. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.88 and a beta of 0.92. Brandywine Realty Trust has a 12-month low of $13.92 and a 12-month high of $18.69.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 18th. Shareholders of record on Thursday, October 4th were paid a $0.18 dividend. The ex-dividend date was Wednesday, October 3rd. This represents a $0.72 annualized dividend and a yield of 5.09%. Brandywine Realty Trust’s dividend payout ratio is 54.96%.
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, August 8th. The stock was sold at an average price of $16.67, for a total value of $83,350.00. Following the transaction, the director now owns 61,193 shares of the company’s stock, valued at $1,020,087.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP William D. Redd sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $16.45, for a total value of $493,500.00. Following the completion of the transaction, the executive vice president now directly owns 64,643 shares in the company, valued at approximately $1,063,377.35. The disclosure for this sale can be found here. 1.84% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the company. Anchor Capital Advisors LLC grew its position in shares of Brandywine Realty Trust by 25.4% in the second quarter. Anchor Capital Advisors LLC now owns 15,620 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 3,160 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Brandywine Realty Trust by 1.2% during the second quarter. Public Employees Retirement System of Ohio now owns 284,117 shares of the real estate investment trust’s stock worth $4,796,000 after buying an additional 3,395 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Brandywine Realty Trust by 9.1% during the second quarter. BNP Paribas Arbitrage SA now owns 40,935 shares of the real estate investment trust’s stock worth $691,000 after buying an additional 3,428 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Brandywine Realty Trust by 24.6% during the third quarter. Nisa Investment Advisors LLC now owns 21,800 shares of the real estate investment trust’s stock worth $343,000 after buying an additional 4,300 shares in the last quarter. Finally, Cornerstone Wealth Management LLC acquired a new stake in Brandywine Realty Trust during the second quarter worth approximately $271,000.
About Brandywine Realty Trust
Brandywine Realty Trust (NYSE: BDN) is one of the largest, publicly traded, full-service, integrated real estate companies in the United States with a core focus in the Philadelphia, Washington, DC, and Austin markets. Organized as a real estate investment trust (REIT), we own, develop, lease and manage an urban, town center and transit-oriented portfolio comprising 184 properties and 25.3 million square feet as of June 30, 2018, which excludes assets held for sale.
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