Wall Street analysts forecast that Brandywine Realty Trust (NYSE:BDN) will post earnings of $0.35 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Brandywine Realty Trust’s earnings, with the highest EPS estimate coming in at $0.37 and the lowest estimate coming in at $0.34. Brandywine Realty Trust reported earnings per share of $0.33 during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.1%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, October 18th.
On average, analysts expect that Brandywine Realty Trust will report full-year earnings of $1.36 per share for the current financial year, with EPS estimates ranging from $1.33 to $1.38. For the next financial year, analysts expect that the firm will report earnings of $1.48 per share, with EPS estimates ranging from $1.42 to $1.52. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Brandywine Realty Trust.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.31. The company had revenue of $127.79 million for the quarter, compared to analysts’ expectations of $134.07 million. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. The firm’s revenue was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 earnings per share.
Several brokerages recently weighed in on BDN. BidaskClub lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Mizuho upgraded shares of Brandywine Realty Trust from a “neutral” rating to a “buy” rating and increased their target price for the stock from $16.00 to $19.00 in a report on Monday, July 10th. Stephens upgraded shares of Brandywine Realty Trust to an “underweight” rating in a report on Monday, May 15th. Finally, Stifel Nicolaus upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and increased their target price for the stock from $17.00 to $19.00 in a report on Thursday, April 20th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Brandywine Realty Trust presently has a consensus rating of “Hold” and a consensus price target of $17.58.
Brandywine Realty Trust (BDN) remained flat at $16.80 on Friday. 699,060 shares of the company’s stock traded hands. The company has a market capitalization of $2.93 billion, a P/E ratio of 190.91 and a beta of 1.05. The stock has a 50-day moving average of $16.98 and a 200 day moving average of $16.83. Brandywine Realty Trust has a 1-year low of $14.04 and a 1-year high of $17.83.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Investors of record on Friday, July 7th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Wednesday, July 5th. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 800.10%.
In related news, EVP William D. Redd sold 112,083 shares of the firm’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $16.56, for a total value of $1,856,094.48. Following the completion of the transaction, the executive vice president now owns 83,505 shares of the company’s stock, valued at $1,382,842.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Tom Wirth sold 2,500 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $16.90, for a total transaction of $42,250.00. Following the completion of the transaction, the insider now directly owns 110,473 shares of the company’s stock, valued at approximately $1,866,993.70. The disclosure for this sale can be found here. In the last ninety days, insiders sold 116,407 shares of company stock valued at $1,929,024. 1.76% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Paragon Capital Management Ltd purchased a new position in shares of Brandywine Realty Trust during the first quarter worth approximately $162,000. Forward Management LLC purchased a new position in shares of Brandywine Realty Trust during the first quarter worth approximately $163,000. Clinton Group Inc. purchased a new position in shares of Brandywine Realty Trust during the first quarter worth approximately $169,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Brandywine Realty Trust during the first quarter worth approximately $171,000. Finally, Acadian Asset Management LLC purchased a new position in shares of Brandywine Realty Trust during the first quarter worth approximately $179,000.
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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