Brandywine Realty Trust (BDN) Scheduled to Post Earnings on Wednesday
Brandywine Realty Trust (NYSE:BDN) is scheduled to issue its Q316 quarterly earnings data on Wednesday, October 19th. Analysts expect the company to announce earnings of $0.33 per share and revenue of $133.13 million for the quarter. Brandywine Realty Trust has set its FY16 guidance at $1.26-1.32 EPS.
Brandywine Realty Trust (NYSE:BDN) last announced its quarterly earnings results on Wednesday, July 20th. The company reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. Brandywine Realty Trust had a net margin of 0.46% and a return on equity of 0.13%. The company had revenue of $127 million for the quarter, compared to analysts’ expectations of $126.64 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. Brandywine Realty Trust’s quarterly revenue was down 12.7% on a year-over-year basis. On average, analysts expect Brandywine Realty Trust to post $1.29 EPS for the current fiscal year and $1.41 EPS for the next fiscal year.
Shares of Brandywine Realty Trust (NYSE:BDN) opened at 15.35 on Tuesday. The company has a 50-day moving average of $15.63 and a 200 day moving average of $15.72. Brandywine Realty Trust has a 12 month low of $11.22 and a 12 month high of $17.05. The company’s market cap is $2.67 billion.
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The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be given a $0.16 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.64 annualized dividend and a yield of 4.17%. Brandywine Realty Trust’s dividend payout ratio is presently -1,500.00%.
In related news, insider Tom Wirth sold 5,000 shares of the stock in a transaction on Monday, July 25th. The stock was sold at an average price of $16.69, for a total value of $83,450.00. Following the completion of the transaction, the insider now directly owns 99,698 shares of the company’s stock, valued at approximately $1,663,959.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.98% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Profund Advisors LLC bought a new stake in shares of Brandywine Realty Trust during the second quarter worth about $175,000. Pacad Investment Ltd. bought a new stake in shares of Brandywine Realty Trust during the second quarter worth about $217,000. Janus Capital Management LLC bought a new stake in shares of Brandywine Realty Trust during the second quarter worth about $279,000. Paloma Partners Management Co bought a new stake in shares of Brandywine Realty Trust during the second quarter worth about $430,000. Finally, Quadrature Capital Ltd bought a new stake in shares of Brandywine Realty Trust during the second quarter worth about $565,000.
Several research firms have commented on BDN. Zacks Investment Research lowered Brandywine Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, September 26th. JPMorgan Chase & Co. restated a “buy” rating and issued a $17.00 price objective on shares of Brandywine Realty Trust in a research report on Friday, July 22nd. Mizuho lowered Brandywine Realty Trust from a “buy” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a research report on Friday, July 22nd. Barclays PLC upped their price objective on Brandywine Realty Trust from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 19th. Finally, KeyCorp lowered Brandywine Realty Trust from a “sector weight” rating to an “underweight” rating and set a $14.00 price objective on the stock. in a research report on Friday, July 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Brandywine Realty Trust presently has a consensus rating of “Hold” and an average target price of $16.39.
Brandywine Realty Trust Company Profile
Brandywine Realty Trust is a self-administered and self-managed real estate investment trust (REIT). The Company provides leasing, property management, development, redevelopment, acquisition and other tenant-related services for a portfolio of office, industrial, retail and mixed-use properties. The Company manages its portfolio within four segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, DC and Austin, Texas.
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