Brandywine Realty Trust (BDN) Expected to Announce Earnings of $0.35 Per Share

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 lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.36. Brandywine Realty Trust posted earnings of $0.32 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 9.4%. The firm is expected to announce its next quarterly earnings results on Thursday, January 24th.

On average, analysts expect that Brandywine Realty Trust will report full-year earnings of $1.37 per share for the current fiscal year, with EPS estimates ranging from $1.36 to $1.38. For the next financial year, analysts forecast that the firm will post earnings of $1.40 per share, with EPS estimates ranging from $1.34 to $1.43. Zacks’ EPS averages are an average based on a survey of analysts that that provide coverage for Brandywine Realty Trust.

Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results 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). Brandywine Realty Trust had a net margin of 16.26% and a return on equity of 4.98%. The firm had revenue of $135.00 million for the quarter, compared to analyst estimates of $136.73 million. During the same period last year, the firm posted $0.35 EPS. The business’s revenue was up 5.1% compared to the same quarter last year.

BDN has been the subject of several analyst reports. ValuEngine downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Citigroup reduced their price target on shares of Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating for the company in a report on Tuesday, October 30th. Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Barclays reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Brandywine Realty Trust in a report on Sunday, October 14th. Finally, Raymond James reduced their price objective on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, October 23rd. 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 stock. The company presently has an average rating of “Hold” and an average price target of $17.14.

In related news, EVP William D. Redd sold 30,000 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now owns 64,643 shares of the company’s stock, valued at $1,063,377.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.84% of the company’s stock.

A number of hedge funds have recently bought and sold shares of the stock. Anchor Capital Advisors LLC lifted its holdings in 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 worth $264,000 after purchasing an additional 3,160 shares during the period. Public Employees Retirement System of Ohio raised its position in Brandywine Realty Trust by 1.2% in 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 acquiring an additional 3,395 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Brandywine Realty Trust by 9.1% in the second quarter. BNP Paribas Arbitrage SA now owns 40,935 shares of the real estate investment trust’s stock worth $691,000 after acquiring an additional 3,428 shares in the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in Brandywine Realty Trust by 6.3% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 65,900 shares of the real estate investment trust’s stock worth $1,036,000 after acquiring an additional 3,900 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its position in Brandywine Realty Trust by 24.6% in the third quarter. Nisa Investment Advisors LLC now owns 21,800 shares of the real estate investment trust’s stock worth $343,000 after acquiring an additional 4,300 shares in the last quarter. 99.94% of the stock is owned by institutional investors and hedge funds.

Shares of BDN traded down $0.04 during midday trading on Thursday, hitting $14.51. 1,288,800 shares of the stock traded hands, compared to its average volume of 1,506,352. Brandywine Realty Trust has a 1-year low of $13.92 and a 1-year high of $18.69. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 11.08, a price-to-earnings-growth ratio of 1.90 and a beta of 0.93. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Thursday, October 4th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend was Wednesday, October 3rd. Brandywine Realty Trust’s payout ratio is currently 54.96%.

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 184 properties and 25.3 million square feet as of September 30, 2018, which excludes assets held for sale.

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Earnings History and Estimates for Brandywine Realty Trust (NYSE:BDN)

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