Zacks: Brokerages Anticipate Brandywine Realty Trust (NYSE:BDN) Will Announce Earnings of $0.36 Per Share
Analysts expect Brandywine Realty Trust (NYSE:BDN) to announce $0.36 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Brandywine Realty Trust’s earnings, with estimates ranging from $0.36 to $0.37. Brandywine Realty Trust posted earnings of $0.33 per share in the same quarter last year, which suggests a positive year over year growth rate of 9.1%. The company is scheduled to report its next earnings report on Wednesday, October 18th.
On average, analysts expect that Brandywine Realty Trust will report full year earnings of $1.37 per share for the current year, with EPS estimates ranging from $1.35 to $1.38. For the next fiscal year, analysts anticipate that the company will report earnings of $1.50 per share, with EPS estimates ranging from $1.47 to $1.53. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Brandywine Realty Trust.
Brandywine Realty Trust (NYSE:BDN) last posted its quarterly earnings results on Thursday, July 20th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.31. Brandywine Realty Trust had a net margin of 4.67% and a return on equity of 1.46%. The firm had revenue of $127.79 million for the quarter, compared to the consensus estimate of $134.07 million. During the same quarter in the previous year, the company earned $0.32 earnings per share. The business’s revenue was up .5% compared to the same quarter last year.
Several equities research analysts have issued reports on the company. Mizuho raised Brandywine Realty Trust from a “neutral” rating to a “buy” rating and raised their price target for the company from $16.00 to $19.00 in a report on Monday, July 10th. BidaskClub downgraded Brandywine Realty Trust from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Stifel Nicolaus raised Brandywine Realty Trust from a “hold” rating to a “buy” rating and raised their price target for the company from $17.00 to $19.00 in a report on Thursday, April 20th. Finally, Stephens raised Brandywine Realty Trust to an “underweight” rating in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. Brandywine Realty Trust has a consensus rating of “Hold” and a consensus target price of $17.58.
In related news, EVP H Jeffrey Devuono sold 9,027 shares of the firm’s stock in a transaction 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 transaction, 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 company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Paragon Capital Management Ltd bought a new position in shares of Brandywine Realty Trust during the first quarter worth approximately $162,000. First Quadrant L P CA boosted its position in shares of Brandywine Realty Trust by 82.8% in the first quarter. First Quadrant L P CA now owns 249,463 shares of the real estate investment trust’s stock worth $4,049,000 after buying an additional 113,031 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Brandywine Realty Trust during the first quarter worth approximately $179,000. Dalton Greiner Hartman Maher & Co. boosted its position in shares of Brandywine Realty Trust by 2.5% in the first quarter. Dalton Greiner Hartman Maher & Co. now owns 1,645,285 shares of the real estate investment trust’s stock worth $26,703,000 after buying an additional 40,828 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Brandywine Realty Trust by 29.6% in the first quarter. State of Alaska Department of Revenue now owns 89,840 shares of the real estate investment trust’s stock worth $1,458,000 after buying an additional 20,520 shares during the last quarter.
Shares of Brandywine Realty Trust (NYSE:BDN) opened at 16.81 on Tuesday. The firm has a market cap of $2.93 billion, a P/E ratio of 191.02 and a beta of 1.06. The firm’s 50-day moving average is $17.32 and its 200-day moving average is $16.77. Brandywine Realty Trust has a 1-year low of $14.04 and a 1-year high of $17.83.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.81%. The ex-dividend date of this dividend was Wednesday, July 5th. Brandywine Realty Trust’s payout ratio is 800.10%.
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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