Wall Street brokerages expect that Brandywine Realty Trust (NYSE:BDN) will announce earnings of $0.35 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Brandywine Realty Trust’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.34. Brandywine Realty Trust also posted earnings of $0.35 per share during the same quarter last year. The business is expected to announce its next earnings report after the market closes on Wednesday, October 17th.
On average, 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 year, analysts forecast that the business will report earnings of $1.44 per share, with EPS estimates ranging from $1.41 to $1.47. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Brandywine Realty Trust.
Brandywine Realty Trust (NYSE:BDN) last released its earnings results on Thursday, July 19th. The real estate investment trust reported $0.07 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.27). Brandywine Realty Trust had a return on equity of 8.38% and a net margin of 28.08%. The company had revenue of $133.80 million during the quarter, compared to analysts’ expectations of $136.68 million. During the same period last year, the firm posted $0.32 EPS. Brandywine Realty Trust’s quarterly revenue was up 4.7% compared to the same quarter last year.
Several equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 14th. ValuEngine downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $18.00.
In related news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the business’s stock in a transaction on Wednesday, August 8th. The shares were sold at an average price of $16.67, for a total value of $83,350.00. Following the sale, the director now owns 61,193 shares in the company, valued at $1,020,087.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James C. Diggs sold 5,234 shares of the business’s stock in a transaction on Thursday, July 26th. The stock was sold at an average price of $16.09, for a total transaction of $84,215.06. Following the completion of the sale, the director now owns 39,734 shares in the company, valued at approximately $639,320.06. The disclosure for this sale can be found here. Insiders sold 43,234 shares of company stock worth $710,625 in the last 90 days. 1.84% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in BDN. Qube Research & Technologies Ltd bought a new position in Brandywine Realty Trust during the second quarter valued at $103,000. Tower Research Capital LLC TRC increased its position in Brandywine Realty Trust by 488.1% during the second quarter. Tower Research Capital LLC TRC now owns 7,198 shares of the real estate investment trust’s stock valued at $122,000 after acquiring an additional 5,974 shares during the last quarter. First Bank & Trust increased its position in Brandywine Realty Trust by 136.5% during the second quarter. First Bank & Trust now owns 8,577 shares of the real estate investment trust’s stock valued at $145,000 after acquiring an additional 4,950 shares during the last quarter. NumerixS Investment Technologies Inc increased its position in Brandywine Realty Trust by 350.0% during the second quarter. NumerixS Investment Technologies Inc now owns 10,800 shares of the real estate investment trust’s stock valued at $183,000 after acquiring an additional 8,400 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new position in Brandywine Realty Trust during the third quarter valued at $184,000.
Shares of BDN stock traded down $0.03 during mid-day trading on Monday, hitting $14.52. The company had a trading volume of 937,927 shares, compared to its average volume of 1,498,043. Brandywine Realty Trust has a 52-week low of $14.37 and a 52-week high of $18.69. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.85 and a current ratio of 2.85. The company has a market capitalization of $2.81 billion, a PE ratio of 11.08, a price-to-earnings-growth ratio of 2.05 and a beta of 0.92.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 18th. Investors of record on Thursday, October 4th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.96%. The ex-dividend date is Wednesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio is presently 54.96%.
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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