Brandywine Realty Trust (BDN) Announces Quarterly Earnings Results
Brandywine Realty Trust (NYSE:BDN) released its quarterly earnings data on Thursday. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.31, Bloomberg Earnings reports. Brandywine Realty Trust had a return on equity of 0.81% and a net margin of 2.96%. The business had revenue of $127.79 million during the quarter, compared to analysts’ expectations of $134.07 million. During the same quarter last year, the business posted $0.32 EPS. The business’s revenue was up .5% on a year-over-year basis.
Shares of Brandywine Realty Trust (NYSE BDN) traded down 0.69% on Thursday, hitting $17.23. The stock had a trading volume of 979,267 shares. The company has a 50-day moving average of $17.36 and a 200-day moving average of $16.77. Brandywine Realty Trust has a 52-week low of $14.04 and a 52-week high of $17.83. The company has a market cap of $3.00 billion, a P/E ratio of 374.57 and a beta of 1.06.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, July 7th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend is Wednesday, July 5th. Brandywine Realty Trust’s dividend payout ratio is currently 1,600.00%.
Several equities research analysts have weighed in on the company. Mizuho upgraded Brandywine Realty Trust from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $16.00 to $19.00 in a report on Monday, July 10th. BidaskClub cut Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Stephens upgraded Brandywine Realty Trust to an “underweight” rating in a report on Monday, May 15th. Finally, Stifel Nicolaus upgraded Brandywine Realty Trust from a “hold” rating to a “buy” rating and increased their price objective for the stock from $17.00 to $19.00 in a report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. Brandywine Realty Trust has a consensus rating of “Hold” and a consensus price target of $17.58.
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In related news, EVP H Jeffrey Devuono sold 9,027 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $17.01, for a total value of $153,549.27. Following the completion of the sale, the executive vice president now owns 147,560 shares in the company, valued at $2,509,995.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.76% of the stock is currently owned by insiders.
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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