Wall Street brokerages expect Brandywine Realty Trust (NYSE:BDN) to report sales of $141.23 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Brandywine Realty Trust’s earnings, with the highest sales estimate coming in at $148.97 million and the lowest estimate coming in at $136.83 million. Brandywine Realty Trust reported sales of $132.59 million during the same quarter last year, which indicates a positive year over year growth rate of 6.5%. The firm is scheduled to report its next quarterly earnings report after the market closes on Wednesday, January 29th.
According to Zacks, analysts expect that Brandywine Realty Trust will report full-year sales of $560.71 million for the current fiscal year, with estimates ranging from $551.94 million to $582.35 million. For the next financial year, analysts forecast that the business will post sales of $569.23 million, with estimates ranging from $555.42 million to $597.98 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Brandywine Realty Trust.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Thursday, October 17th. The real estate investment trust reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.32). The firm had revenue of $145.33 million for the quarter, compared to the consensus estimate of $143.24 million. Brandywine Realty Trust had a net margin of 24.28% and a return on equity of 7.89%. Brandywine Realty Trust’s revenue was up 7.7% on a year-over-year basis. During the same period last year, the business earned $0.35 EPS.
Several equities research analysts recently weighed in on BDN shares. Mizuho downgraded shares of Brandywine Realty Trust from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a research report on Wednesday. Barclays set a $19.00 price target on shares of Brandywine Realty Trust and gave the company a “buy” rating in a research report on Friday, October 11th. Finally, Zacks Investment Research raised shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $16.70.
In other Brandywine Realty Trust news, CAO Daniel A. Palazzo sold 14,762 shares of Brandywine Realty Trust stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $14.90, for a total value of $219,953.80. Following the completion of the sale, the chief accounting officer now owns 41,295 shares of the company’s stock, valued at approximately $615,295.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director H Jeffrey Devuono sold 2,784 shares of Brandywine Realty Trust stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of $15.31, for a total transaction of $42,623.04. Following the completion of the sale, the director now directly owns 196,750 shares of the company’s stock, valued at approximately $3,012,242.50. The disclosure for this sale can be found here. Insiders have sold 180,537 shares of company stock valued at $2,747,772 in the last three months. 1.32% of the stock is owned by insiders.
A number of large investors have recently bought and sold shares of BDN. CWM LLC bought a new stake in Brandywine Realty Trust in the 3rd quarter worth approximately $36,000. Quest Capital Management Inc. ADV bought a new stake in Brandywine Realty Trust in the 3rd quarter worth approximately $36,000. Riverhead Capital Management LLC bought a new stake in Brandywine Realty Trust in the 2nd quarter worth approximately $40,000. Point72 Asset Management L.P. bought a new stake in Brandywine Realty Trust in the 2nd quarter worth approximately $53,000. Finally, Oppenheimer Asset Management Inc. bought a new stake in Brandywine Realty Trust in the 2nd quarter worth approximately $68,000. 98.81% of the stock is owned by institutional investors and hedge funds.
Shares of BDN traded up $0.06 on Friday, hitting $15.82. 1,636,823 shares of the stock traded hands, compared to its average volume of 1,587,272. The company has a market capitalization of $2.78 billion, a PE ratio of 20.28, a P/E/G ratio of 3.45 and a beta of 0.91. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.78 and a current ratio of 1.78. The business has a 50 day simple moving average of $15.46 and a 200 day simple moving average of $14.93. Brandywine Realty Trust has a one year low of $13.96 and a one year high of $16.18.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 22nd. Investors of record on Wednesday, January 8th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Tuesday, January 7th. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 55.47%.
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 181 properties and 24.8 million square feet as of December 31, 2018, which excludes assets held for sale.
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