Brandywine Realty Trust (NYSE:BDN) – Equities research analysts at KeyCorp upped their FY2020 earnings per share estimates for Brandywine Realty Trust in a research report issued to clients and investors on Monday, July 8th. KeyCorp analyst C. Mailman now expects that the real estate investment trust will post earnings of $1.43 per share for the year, up from their prior estimate of $1.41.
Several other equities research analysts have also recently weighed in on BDN. Argus upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a report on Monday. ValuEngine cut WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Bank of America increased their target price on Armstrong World Industries from $95.00 to $108.00 and gave the stock a “buy” rating in a research report on Tuesday, June 11th. Finally, Zacks Investment Research lowered First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $16.42.
NYSE BDN opened at $14.61 on Wednesday. Brandywine Realty Trust has a fifty-two week low of $12.32 and a fifty-two week high of $17.06. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 1.19. The stock has a 50 day simple moving average of $14.99. The stock has a market cap of $2.56 billion, a PE ratio of 10.66, a P/E/G ratio of 3.89 and a beta of 0.95.
Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Wednesday, April 24th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.31). Brandywine Realty Trust had a return on equity of 5.30% and a net margin of 17.40%. The firm had revenue of $144.00 million for the quarter, compared to analysts’ expectations of $140.73 million. During the same period last year, the firm posted $0.32 earnings per share. Brandywine Realty Trust’s revenue for the quarter was up 5.6% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.20%. The ex-dividend date of this dividend is Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio is currently 55.47%.
In other news, insider Tom Wirth sold 9,700 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $15.30, for a total value of $148,410.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James C. Diggs sold 3,700 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $14.84, for a total value of $54,908.00. Following the completion of the transaction, the director now directly owns 36,034 shares of the company’s stock, valued at approximately $534,744.56. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. BlackRock Inc. lifted its position in shares of Brandywine Realty Trust by 11.1% during the 4th quarter. BlackRock Inc. now owns 16,099,973 shares of the real estate investment trust’s stock valued at $207,208,000 after buying an additional 1,603,605 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Brandywine Realty Trust by 7.0% in the 4th quarter. Bank of New York Mellon Corp now owns 1,332,051 shares of the real estate investment trust’s stock worth $17,143,000 after purchasing an additional 87,203 shares during the last quarter. State of Tennessee Treasury Department grew its stake in shares of Brandywine Realty Trust by 31.7% in the 4th quarter. State of Tennessee Treasury Department now owns 195,975 shares of the real estate investment trust’s stock worth $2,522,000 after purchasing an additional 47,169 shares during the last quarter. Blueshift Asset Management LLC acquired a new position in shares of Brandywine Realty Trust in the 4th quarter worth approximately $355,000. Finally, Northern Trust Corp grew its stake in shares of Brandywine Realty Trust by 1.6% in the 4th quarter. Northern Trust Corp now owns 2,166,730 shares of the real estate investment trust’s stock worth $27,886,000 after purchasing an additional 34,146 shares during the last quarter. 97.92% of the stock is owned by hedge funds and other institutional investors.
Brandywine Realty Trust Company Profile
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 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.
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