Brandywine Realty Trust (BDN) Issues FY18 Earnings Guidance
Brandywine Realty Trust (NYSE:BDN) updated its FY18 earnings guidance on Wednesday. The company provided EPS guidance of $1.36-1.46 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.49. Brandywine Realty Trust also updated its FY17 guidance to $1.32-1.34 EPS.
Several analysts recently weighed in on the company. Zacks Investment Research upgraded Brandywine Realty Trust from a sell rating to a hold rating in a research note on Thursday, October 12th. BidaskClub downgraded Brandywine Realty Trust from a hold rating to a sell rating in a research note on Friday, July 28th. KeyCorp restated a hold rating on shares of Brandywine Realty Trust in a research note on Sunday, September 24th. ValuEngine upgraded Brandywine Realty Trust from a hold rating to a buy rating in a research note on Friday, September 1st. Finally, Mizuho upgraded Brandywine Realty Trust from a neutral rating to a buy rating and increased their target price for the company from $16.00 to $19.00 in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $17.50.
Shares of Brandywine Realty Trust (NYSE:BDN) opened at 17.93 on Thursday. The company’s 50-day moving average price is $17.40 and its 200 day moving average price is $17.16. The company has a market cap of $3.13 billion, a P/E ratio of 203.75 and a beta of 1.05. Brandywine Realty Trust has a 52 week low of $14.04 and a 52 week high of $18.17.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.29. The firm had revenue of $128.43 million for the quarter, compared to the consensus estimate of $131.16 million. Brandywine Realty Trust had a return on equity of 1.48% and a net margin of 4.67%. The business’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.33 earnings per share. On average, equities analysts forecast that Brandywine Realty Trust will post $0.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Wednesday, October 4th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Tuesday, October 3rd. Brandywine Realty Trust’s dividend payout ratio (DPR) is presently 800.10%.
In other news, EVP William D. Redd sold 112,083 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $16.56, for a total value of $1,856,094.48. Following the transaction, the executive vice president now owns 83,505 shares of the company’s stock, valued at $1,382,842.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tom Wirth sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $16.90, for a total value of $42,250.00. Following the completion of the transaction, the insider now directly owns 110,473 shares in the company, valued at approximately $1,866,993.70. The disclosure for this sale can be found here. In the last three months, insiders have sold 116,407 shares of company stock worth $1,929,024. Company insiders own 1.76% of the company’s stock.
Brandywine Realty Trust Company Profile
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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