Analysts forecast that Brandywine Realty Trust (NYSE:BDN) will post earnings per share of $0.35 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Brandywine Realty Trust’s earnings, with estimates ranging from $0.34 to $0.36. Brandywine Realty Trust reported earnings of $0.32 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.4%. The firm is expected to report its next earnings report on Thursday, January 24th.
According to Zacks, analysts expect that Brandywine Realty Trust will report full year earnings of $1.37 per share for the current financial year, with EPS estimates ranging from $1.36 to $1.38. For the next financial year, analysts forecast that the business will post earnings of $1.40 per share, with EPS estimates ranging from $1.34 to $1.43. Zacks’ earnings per share averages 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 issued its earnings results on Wednesday, October 17th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.27). Brandywine Realty Trust had a return on equity of 4.98% and a net margin of 16.26%. The firm had revenue of $135.00 million during the quarter, compared to analysts’ expectations of $136.73 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. Brandywine Realty Trust’s quarterly revenue was up 5.1% compared to the same quarter last year.
A number of equities research analysts recently weighed in on the company. Citigroup decreased their price objective on Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating for the company in a research note on Tuesday, October 30th. Zacks Investment Research upgraded Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. Raymond James decreased their price objective on Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, October 23rd. Barclays restated a “hold” rating and set a $16.00 price objective on shares of Brandywine Realty Trust in a research note on Sunday, October 14th. Finally, ValuEngine cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, October 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. Brandywine Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $17.14.
Shares of NYSE BDN traded up $0.13 during mid-day trading on Thursday, reaching $14.51. 9,582 shares of the company were exchanged, compared to its average volume of 1,545,007. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.24 and a quick ratio of 2.24. The stock has a market capitalization of $2.53 billion, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 1.87 and a beta of 0.93. Brandywine Realty Trust has a 1 year low of $13.92 and a 1 year high of $18.69.
The firm also recently announced a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Thursday, October 4th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.96%. The ex-dividend date was Wednesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio is currently 54.96%.
In related news, EVP William D. Redd sold 30,000 shares of the company’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $16.45, for a total transaction of $493,500.00. Following the transaction, the executive vice president now directly owns 64,643 shares of the company’s stock, valued at approximately $1,063,377.35. 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 company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $16.67, for a total value of $83,350.00. Following the transaction, the director now directly owns 61,193 shares in the company, valued at $1,020,087.31. The disclosure for this sale can be found here. Corporate insiders own 1.84% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in shares of Brandywine Realty Trust by 9.1% in the second quarter. BlackRock Inc. now owns 14,476,362 shares of the real estate investment trust’s stock valued at $244,363,000 after purchasing an additional 1,207,466 shares during the period. Resolution Capital Ltd increased its holdings in shares of Brandywine Realty Trust by 9.9% in the second quarter. Resolution Capital Ltd now owns 5,925,765 shares of the real estate investment trust’s stock valued at $100,027,000 after purchasing an additional 533,000 shares during the period. Morgan Stanley increased its holdings in shares of Brandywine Realty Trust by 43.5% in the second quarter. Morgan Stanley now owns 3,571,044 shares of the real estate investment trust’s stock valued at $60,280,000 after purchasing an additional 1,082,940 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Brandywine Realty Trust by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 2,933,959 shares of the real estate investment trust’s stock valued at $49,526,000 after purchasing an additional 31,292 shares during the period. Finally, Centersquare Investment Management LLC acquired a new position in shares of Brandywine Realty Trust in the second quarter valued at about $41,441,000. 99.94% of the stock is currently owned by institutional investors and hedge funds.
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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