$0.34 Earnings Per Share Expected for Brandywine Realty Trust (BDN) This Quarter
Equities analysts predict that Brandywine Realty Trust (NYSE:BDN) will report earnings of $0.34 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Brandywine Realty Trust’s earnings, with estimates ranging from $0.32 to $0.35. Brandywine Realty Trust reported earnings per share of $0.32 during the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The company is scheduled to issue its next earnings report on Wednesday, July 19th.
According to Zacks, analysts expect that Brandywine Realty Trust will report full year earnings of $1.38 per share for the current fiscal year, with EPS estimates ranging from $1.37 to $1.40. For the next fiscal year, analysts forecast that the business will post earnings of $1.50 per share, with EPS estimates ranging from $1.46 to $1.55. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that follow Brandywine Realty Trust.
Brandywine Realty Trust (NYSE:BDN) last issued its quarterly earnings data on Wednesday, April 19th. The real estate investment trust reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. Brandywine Realty Trust had a net margin of 7.65% and a return on equity of 2.08%. The business earned $130.92 million during the quarter, compared to analysts’ expectations of $132.96 million. During the same period in the previous year, the company earned ($0.07) earnings per share. Brandywine Realty Trust’s revenue for the quarter was down 4.1% on a year-over-year basis.
A number of equities research analysts have recently weighed in on BDN shares. Stifel Nicolaus raised Brandywine Realty Trust from a “hold” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $19.00 in a report on Thursday. Zacks Investment Research raised Brandywine Realty Trust from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Tuesday, December 27th. Barclays PLC dropped their target price on Brandywine Realty Trust from $16.00 to $15.00 and set an “equal weight” rating for the company in a report on Monday, January 23rd. Finally, Raymond James Financial, Inc. raised Brandywine Realty Trust from a “market perform” rating to an “outperform” rating in a report on Monday, January 9th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.56.
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Shares of Brandywine Realty Trust (NYSE:BDN) traded up 1.19% during mid-day trading on Tuesday, hitting $17.05. 2,814,727 shares of the stock were exchanged. The company has a market capitalization of $2.97 billion, a PE ratio of 90.69 and a beta of 1.05. Brandywine Realty Trust has a 12-month low of $14.04 and a 12-month high of $17.40. The firm has a 50-day moving average price of $16.38 and a 200 day moving average price of $15.88.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 19th. Investors of record on Wednesday, April 5th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.75%. The ex-dividend date was Monday, April 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 355.56%.
In related news, CEO Gerard H. Sweeney sold 20,000 shares of the business’s stock in a transaction dated Monday, February 27th. The stock was sold at an average price of $16.79, for a total value of $335,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director H Richard Haverstick, Jr. purchased 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 8th. The stock was bought at an average cost of $15.98 per share, with a total value of $119,850.00. Following the purchase, the director now owns 7,500 shares of the company’s stock, valued at $119,850. The disclosure for this purchase can be found here. 1.98% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue increased its position in Brandywine Realty Trust by 2.9% in the third quarter. State of Alaska Department of Revenue now owns 22,360 shares of the real estate investment trust’s stock worth $349,000 after buying an additional 640 shares during the period. James Investment Research Inc. increased its position in Brandywine Realty Trust by 25.1% in the third quarter. James Investment Research Inc. now owns 805,649 shares of the real estate investment trust’s stock worth $12,584,000 after buying an additional 161,514 shares during the period. Chicago Equity Partners LLC increased its position in Brandywine Realty Trust by 0.4% in the third quarter. Chicago Equity Partners LLC now owns 76,255 shares of the real estate investment trust’s stock worth $1,191,000 after buying an additional 330 shares during the period. Manning & Napier Advisors LLC bought a new position in Brandywine Realty Trust during the third quarter worth approximately $6,784,000. Finally, Peregrine Capital Management LLC bought a new position in Brandywine Realty Trust during the third quarter worth approximately $8,638,000.
About Brandywine Realty Trust
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC, Austin, Texas, and Other. The Pennsylvania Suburbs segment includes properties in Chester, Delaware and Montgomery counties in the Philadelphia suburbs.
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