$0.35 Earnings Per Share Expected for Brandywine Realty Trust (BDN) This Quarter

Analysts expect that Brandywine Realty Trust (NYSE:BDN) will report earnings of $0.35 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Brandywine Realty Trust’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.34. Brandywine Realty Trust posted earnings of $0.32 per share in the same quarter last year, which indicates a positive year over year growth rate of 9.4%. The firm is expected to announce its next earnings report on Thursday, January 24th.

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 expect that the company will post earnings of $1.40 per share, with EPS estimates ranging from $1.34 to $1.43. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Brandywine Realty Trust.

Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.27). Brandywine Realty Trust had a net margin of 16.26% and a return on equity of 4.98%. The company had revenue of $135.00 million during the quarter, compared to the consensus estimate of $136.73 million. During the same period last year, the company earned $0.35 earnings per share. Brandywine Realty Trust’s revenue for the quarter was up 5.1% on a year-over-year basis.

A number of research firms have recently commented on BDN. ValuEngine downgraded shares of Brandywine Realty Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 3rd. Raymond James dropped their target price on shares of Brandywine Realty Trust from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, October 23rd. Zacks Investment Research upgraded shares of Brandywine Realty Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, July 24th. Barclays reiterated a “hold” rating and set a $16.00 target price on shares of Brandywine Realty Trust in a research report on Sunday, October 14th. Finally, Citigroup dropped their target price on shares of Brandywine Realty Trust from $16.50 to $15.00 and set a “hold” rating for the company in a research report on Tuesday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $17.14.

Shares of Brandywine Realty Trust stock opened at $14.14 on Thursday. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.09. Brandywine Realty Trust has a fifty-two week low of $13.92 and a fifty-two week high of $18.69. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 10.55, a P/E/G ratio of 1.87 and a beta of 0.93.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 18th. Investors of record on Thursday, October 4th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date of this dividend was Wednesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 54.96%.

In other Brandywine Realty Trust news, Director Anthony A. Sr Nichols, Sr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $16.67, for a total value of $83,350.00. Following the completion of the sale, the director now owns 61,193 shares in the company, valued at approximately $1,020,087.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP William D. Redd sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $16.45, for a total transaction of $493,500.00. Following the completion of the sale, the executive vice president now owns 64,643 shares of the company’s stock, valued at approximately $1,063,377.35. The disclosure for this sale can be found here. Company insiders own 1.84% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BDN. Centersquare Investment Management LLC acquired a new stake in Brandywine Realty Trust in the 2nd quarter valued at about $41,441,000. V3 Capital Management L.P. acquired a new stake in Brandywine Realty Trust in the 2nd quarter valued at about $36,905,000. BlackRock Inc. increased its position in Brandywine Realty Trust by 9.1% in the 2nd quarter. BlackRock Inc. now owns 14,476,362 shares of the real estate investment trust’s stock valued at $244,363,000 after acquiring an additional 1,207,466 shares in the last quarter. Morgan Stanley increased its position in Brandywine Realty Trust by 43.5% in the 2nd quarter. Morgan Stanley now owns 3,571,044 shares of the real estate investment trust’s stock valued at $60,280,000 after acquiring an additional 1,082,940 shares in the last quarter. Finally, Monarch Partners Asset Management LLC acquired a new stake in Brandywine Realty Trust in the 2nd quarter valued at about $14,051,000.

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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