Brokerages Anticipate Brandywine Realty Trust (BDN) Will Post Earnings of $0.34 Per Share

Analysts expect Brandywine Realty Trust (NYSE:BDN) to post earnings of $0.34 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Brandywine Realty Trust’s earnings, with the highest EPS estimate coming in at $0.35 and the lowest estimate coming in at $0.33. Brandywine Realty Trust posted earnings of $0.32 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 6.3%. The business is expected to report its next quarterly earnings report after the market closes on Thursday, April 18th.

According to Zacks, analysts expect that Brandywine Realty Trust will report full year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.43. For the next financial year, analysts forecast that the company will report earnings of $1.46 per share, with EPS estimates ranging from $1.41 to $1.49. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Brandywine Realty Trust.

Brandywine Realty Trust (NYSE:BDN) last posted its earnings results on Wednesday, January 30th. The real estate investment trust reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.01. Brandywine Realty Trust had a return on equity of 7.44% and a net margin of 25.04%. The business had revenue of $139.20 million during the quarter, compared to analysts’ expectations of $136.52 million. During the same period in the previous year, the business earned $0.30 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis.

Several equities analysts recently commented on BDN shares. Zacks Investment Research cut Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Bank of America cut Brandywine Realty Trust from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $17.00 to $16.50 in a research report on Monday, February 25th. Barclays upgraded Brandywine Realty Trust from an “equal weight” rating to an “overweight” rating and set a $17.00 target price for the company in a research report on Monday, February 4th. Finally, Raymond James lowered Brandywine Realty Trust from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $16.64.

In other Brandywine Realty Trust news, insider Gerard H. Sweeney sold 84,973 shares of Brandywine Realty Trust stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $15.90, for a total transaction of $1,351,070.70. Following the completion of the sale, the insider now owns 1,304,831 shares of the company’s stock, valued at $20,746,812.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Gerard H. Sweeney sold 190,000 shares of Brandywine Realty Trust stock in a transaction dated Thursday, February 14th. The stock was sold at an average price of $15.81, for a total value of $3,003,900.00. Following the sale, the insider now directly owns 1,359,858 shares of the company’s stock, valued at approximately $21,499,354.98. The disclosure for this sale can be found here. Insiders own 1.84% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Brandywine Realty Trust by 0.5% in the 3rd quarter. Vanguard Group Inc. now owns 25,554,896 shares of the real estate investment trust’s stock valued at $401,723,000 after acquiring an additional 132,787 shares during the last quarter. Pensionfund DSM Netherlands lifted its stake in shares of Brandywine Realty Trust by 18.3% in the 4th quarter. Pensionfund DSM Netherlands now owns 181,400 shares of the real estate investment trust’s stock valued at $2,335,000 after acquiring an additional 28,000 shares during the last quarter. Mesirow Financial Investment Management Equity Management bought a new stake in shares of Brandywine Realty Trust in the 3rd quarter valued at about $9,835,000. Panagora Asset Management Inc. lifted its stake in shares of Brandywine Realty Trust by 262.8% in the 3rd quarter. Panagora Asset Management Inc. now owns 14,150 shares of the real estate investment trust’s stock valued at $222,000 after acquiring an additional 10,250 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of Brandywine Realty Trust in the 3rd quarter valued at about $415,000. 95.21% of the stock is owned by hedge funds and other institutional investors.

Brandywine Realty Trust stock traded down $0.15 during midday trading on Monday, hitting $15.57. 1,328,136 shares of the company’s stock were exchanged, compared to its average volume of 1,959,239. Brandywine Realty Trust has a 52-week low of $12.32 and a 52-week high of $17.23. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.09. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 2.44 and a beta of 1.13.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 4.88%. The ex-dividend date is Wednesday, April 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is currently 55.47%.

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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Earnings History and Estimates for Brandywine Realty Trust (NYSE:BDN)

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