Brandywine Realty Trust (BDN) Posts Quarterly Earnings Results

Brandywine Realty Trust (NYSE:BDN) issued its quarterly earnings data on Wednesday. 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), Fidelity Earnings reports. The firm had revenue of $135.00 million for the quarter, compared to analysts’ expectations of $136.73 million. Brandywine Realty Trust had a return on equity of 4.93% and a net margin of 16.26%. The business’s revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS.

Shares of BDN stock opened at $14.35 on Friday. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.90 and a beta of 0.92. Brandywine Realty Trust has a 1 year low of $14.27 and a 1 year 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 also recently disclosed a quarterly dividend, which was paid on Thursday, October 18th. Shareholders of record on Thursday, October 4th were issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend was Wednesday, October 3rd. Brandywine Realty Trust’s payout ratio is 54.96%.

Several brokerages have issued reports on BDN. ValuEngine lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Zacks Investment Research raised Brandywine Realty Trust from a “sell” rating to a “hold” rating in a report on Tuesday, July 24th. Finally, Barclays reaffirmed a “hold” rating and set a $16.00 price objective on shares of Brandywine Realty Trust in a report on Sunday, October 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $17.60.

In other news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $16.67, for a total transaction of $83,350.00. Following the completion of the sale, the director now owns 61,193 shares in the company, valued at $1,020,087.31. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director James C. Diggs sold 5,234 shares of the stock in a transaction dated Thursday, July 26th. The stock was sold at an average price of $16.09, for a total transaction of $84,215.06. Following the sale, the director now owns 39,734 shares of the company’s stock, valued at approximately $639,320.06. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,234 shares of company stock worth $710,625. Corporate insiders own 1.84% of the company’s stock.

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 June 30, 2018, which excludes assets held for sale.

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Earnings History for Brandywine Realty Trust (NYSE:BDN)

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