Wall Street brokerages forecast that Brandywine Realty Trust (NYSE:BDN) will post earnings per share (EPS) of $0.34 for the current quarter, according to Zacks. Four analysts have provided estimates for Brandywine Realty Trust’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.35. Brandywine Realty Trust posted earnings of $0.32 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The firm is expected to issue its next quarterly earnings results on Wednesday, July 19th.
On average, analysts expect that Brandywine Realty Trust will report full-year earnings of $1.38 per share for the current year, with EPS estimates ranging from $1.37 to $1.40. For the next financial year, analysts expect that the business will post earnings of $1.50 per share, with EPS estimates ranging from $1.46 to $1.55. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Brandywine Realty Trust.
Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings results on Wednesday, April 19th. The real estate investment trust reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.32. The company had revenue of $130.92 million for the quarter, compared to analysts’ expectations of $132.96 million. Brandywine Realty Trust had a return on equity of 2.08% and a net margin of 7.65%. The business’s quarterly revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.07) earnings per share.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, December 27th. Barclays PLC cut their price objective on Brandywine Realty Trust from $16.00 to $15.00 and set an “equal weight” rating on the stock in a research report on Monday, January 23rd. Raymond James Financial, Inc. upgraded Brandywine Realty Trust from a “market perform” rating to an “outperform” rating in a research report on Monday, January 9th. Finally, Stifel Nicolaus upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $17.00 to $19.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $16.56.
In related news, CEO Gerard H. Sweeney sold 20,000 shares of Brandywine Realty Trust stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $16.79, for a total transaction of $335,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director H Richard Haverstick, Jr. purchased 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The shares were purchased at an average price of $15.98 per share, for a total transaction of $119,850.00. Following the completion of the transaction, the director now directly owns 7,500 shares of the company’s stock, valued at $119,850. The disclosure for this purchase can be found here. 1.98% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Dalton Greiner Hartman Maher & Co. raised its stake in Brandywine Realty Trust by 2.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 1,645,285 shares of the real estate investment trust’s stock valued at $26,703,000 after buying an additional 40,828 shares in the last quarter. State of Alaska Department of Revenue raised its stake in Brandywine Realty Trust by 29.6% in the first quarter. State of Alaska Department of Revenue now owns 89,840 shares of the real estate investment trust’s stock valued at $1,458,000 after buying an additional 20,520 shares in the last quarter. Quantitative Systematic Strategies LLC raised its stake in Brandywine Realty Trust by 2.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 58,995 shares of the real estate investment trust’s stock valued at $957,000 after buying an additional 1,634 shares in the last quarter. Foundry Partners LLC raised its stake in Brandywine Realty Trust by 15.4% in the first quarter. Foundry Partners LLC now owns 887,970 shares of the real estate investment trust’s stock valued at $14,412,000 after buying an additional 118,250 shares in the last quarter. Finally, Macquarie Group Ltd. raised its stake in Brandywine Realty Trust by 20.1% in the fourth quarter. Macquarie Group Ltd. now owns 5,647,604 shares of the real estate investment trust’s stock valued at $93,242,000 after buying an additional 945,409 shares in the last quarter.
Brandywine Realty Trust (NYSE:BDN) traded up 1.19% during mid-day trading on Tuesday, hitting $17.05. The stock had a trading volume of 2,814,727 shares. Brandywine Realty Trust has a 52 week low of $14.04 and a 52 week high of $17.40. The company’s 50 day moving average price is $16.38 and its 200 day moving average price is $15.88. The firm has a market cap of $2.97 billion, a PE ratio of 90.69 and a beta of 1.05.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 19th. Stockholders of record on Wednesday, April 5th were given a $0.16 dividend. The ex-dividend date of this dividend was Monday, April 3rd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 3.75%. Brandywine Realty Trust’s dividend payout ratio is currently 355.56%.
Brandywine Realty Trust Company Profile
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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