Brandywine Realty Trust (NYSE:BDN) to Release Quarterly Earnings on Thursday
Brandywine Realty Trust (NYSE:BDN) is set to release its earnings data after the market closes on Thursday, July 20th. Analysts expect Brandywine Realty Trust to post earnings of $0.01 per share for the quarter. Brandywine Realty Trust has set its FY17 guidance at $1.33-1.40 EPS.
Brandywine Realty Trust (NYSE:BDN) last released its quarterly earnings data on Wednesday, April 19th. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting the consensus estimate of $0.32. The business had revenue of $130.92 million for the quarter, compared to analyst estimates of $132.96 million. Brandywine Realty Trust had a return on equity of 0.81% and a net margin of 2.96%. The company’s revenue was down 4.1% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS. On average, analysts expect Brandywine Realty Trust to post $0.21 EPS for the current fiscal year and $0.34 EPS for the next fiscal year.
Brandywine Realty Trust (NYSE:BDN) traded down 0.41% during trading on Thursday, hitting $17.02. The stock had a trading volume of 1,559,214 shares. Brandywine Realty Trust has a 12-month low of $14.04 and a 12-month high of $17.83. The company has a market cap of $2.97 billion, a P/E ratio of 370.00 and a beta of 1.06. The company has a 50 day moving average of $17.41 and a 200-day moving average of $16.64.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Investors of record on Friday, July 7th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.76%. The ex-dividend date of this dividend is Wednesday, July 5th. Brandywine Realty Trust’s payout ratio is 1,600.00%.
In other news, EVP H Jeffrey Devuono sold 9,027 shares of the stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $17.01, for a total transaction of $153,549.27. Following the transaction, the executive vice president now owns 147,560 shares of the company’s stock, valued at approximately $2,509,995.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.76% of the company’s stock.
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BDN has been the topic of several research reports. BidaskClub lowered Brandywine Realty Trust from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Mizuho raised Brandywine Realty Trust from a “neutral” rating to a “buy” rating and upped their target price for the stock from $16.00 to $19.00 in a research report on Monday. Stephens raised Brandywine Realty Trust to an “underweight” rating in a research report on Monday, May 15th. Finally, Stifel Nicolaus raised Brandywine Realty Trust from a “hold” rating to a “buy” rating and upped their target price for the stock from $17.00 to $19.00 in a research report on Thursday, April 20th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $17.07.
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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