Equities research analysts expect Brandywine Realty Trust (NYSE:BDN) to post $0.36 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Brandywine Realty Trust’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.35. Brandywine Realty Trust posted earnings per share of $0.35 in the same quarter last year, which indicates a positive year-over-year growth rate of 2.9%. The company is expected to report its next earnings report after the market closes on Monday, July 22nd.
On average, analysts expect that Brandywine Realty Trust will report full year earnings of $1.43 per share for the current financial year, with EPS estimates ranging from $1.41 to $1.44. For the next financial year, analysts forecast that the firm will report earnings of $1.46 per share, with EPS estimates ranging from $1.43 to $1.48. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Brandywine Realty Trust.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Wednesday, April 24th. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $140.73 million. During the same period in the previous year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year.
A number of research analysts have commented on BDN shares. Zacks Investment Research cut shares of First Merchants from a “hold” rating to a “sell” rating in a research report on Monday, July 1st. ValuEngine cut shares of WideOpenWest from a “hold” rating to a “sell” rating in a report on Friday, June 28th. Argus upgraded shares of Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Monday, July 8th. Finally, Bank of America raised their target price on shares of Armstrong World Industries from $95.00 to $108.00 and gave the stock a “buy” rating in a report on Tuesday, June 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Brandywine Realty Trust currently has a consensus rating of “Hold” and a consensus price target of $16.42.
BDN traded down $0.06 on Friday, reaching $14.38. The company had a trading volume of 56,782 shares, compared to its average volume of 1,189,785. The business has a 50 day moving average of $14.94. The stock has a market capitalization of $2.55 billion, a P/E ratio of 10.51, a price-to-earnings-growth ratio of 3.87 and a beta of 0.94. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.82 and a current ratio of 1.82. Brandywine Realty Trust has a 52-week low of $12.32 and a 52-week high of $17.00.
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 issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 5.29%. The ex-dividend date of this dividend is Wednesday, July 3rd. Brandywine Realty Trust’s dividend payout ratio is 55.47%.
In related news, Director James C. Diggs sold 3,700 shares of the firm’s stock in a transaction 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 sale, the director now owns 36,034 shares of the company’s stock, valued at $534,744.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tom Wirth sold 9,700 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $15.30, for a total value of $148,410.00. The disclosure for this sale can be found here. 1.32% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its holdings in Brandywine Realty Trust by 11.1% in the 4th quarter. BlackRock Inc. now owns 16,099,973 shares of the real estate investment trust’s stock worth $207,208,000 after buying an additional 1,603,605 shares in the last quarter. PGGM Investments grew its stake in shares of Brandywine Realty Trust by 153.9% during the 1st quarter. PGGM Investments now owns 8,477,984 shares of the real estate investment trust’s stock valued at $134,461,000 after purchasing an additional 5,139,484 shares during the period. Macquarie Group Ltd. grew its stake in shares of Brandywine Realty Trust by 2.6% during the 4th quarter. Macquarie Group Ltd. now owns 5,309,313 shares of the real estate investment trust’s stock valued at $68,331,000 after purchasing an additional 133,681 shares during the period. Centersquare Investment Management LLC grew its stake in shares of Brandywine Realty Trust by 8.3% during the 1st quarter. Centersquare Investment Management LLC now owns 2,856,018 shares of the real estate investment trust’s stock valued at $45,297,000 after purchasing an additional 219,928 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Brandywine Realty Trust by 9.1% during the 4th quarter. Geode Capital Management LLC now owns 2,279,404 shares of the real estate investment trust’s stock valued at $29,335,000 after purchasing an additional 190,913 shares during the period. 97.97% of the stock is owned by 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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